UL Solutions, a safety science leader, has released an in-depth bankability study on Trina Solar’s Vertex N-series portfolio, emphasizing its exceptional product reliability and compelling cost-effectiveness.
The study’s findings underscore the series modules as a hallmark of bankability within the photovoltaic (PV) industry, signifying a notable reduction in the Levelized Cost of Electricity (LCOE) for recognized reliability.
Sheng Honglei, senior manager of renewable business at UL Solutions, highlighted Trina Solar’s distinguished position within the PV sector. “The PV industry has showcased immense trust in Trina Solar due to its robust financial stability, cutting-edge n-type technology, secure financing, and stringent management standards,” he remarked.
Empowered by state-of-the-art technology and unmatched performance, the Vertex N modules stand out for their remarkable reduction in LCOE. The comprehensive bankability study encompassed Trina Solar’s entire range of Vertex N modules, spanning various power capacities and module formats tailored for utility, residential, and commercial & industrial (C&I) applications.
UL’s comprehensive analysis confirmed the modules’ adherence to safety standards while delivering superior performance benchmarks. Notably, the study revealed that deploying Trina Solar’s Vertex N 700W module could lead to a significant 5.8 percent reduction in LCOE compared to other n-type modules.
Trina Solar’s commitment to quality assurance was emphasized in the report, highlighting its vertical integration across the manufacturing chain. This integration ensures exceptional product quality as all manufacturing and quality control processes are handled in-house.
As of Q3 2023, Trina Solar has emerged as the global leader in module shipments, having delivered an impressive total of 90GW of 210mm modules. Additionally, the company has successfully shipped over 15GW of 210R modules by October this year.
To meet the surging market demand, Trina Solar is aggressively scaling its vertically integrated n-type factory to secure a stable supply of n-type i-TOPCon cells for modules. By year-end, the company anticipates ramping up its module capacity to 95GW, n-type wafer capacity to 50GW, and cell production capacity to 75GW, with 40GW allocated to n-type cells featuring the cutting-edge n-type i-TOPCon Advanced technology.
UL’s on-site evaluation of Trina Solar’s facilities conveyed a positive outlook on its complete manufacturing automation with minimal human intervention. The inspection of the production lines for the 210R series PV cell and Vertex S+ series PV module, coupled with the facility assessment, highlighted a clean, safe, and worker-friendly environment.
In conclusion, UL Solutions extended commendation to Trina Solar for its Vertex N series, which surpassed industry standards in cell fabrication, module manufacturing, warranties, and after-sales services. This achievement not only lowers LCOE, delivering greater value to customers but also solidifies Trina Solar’s global trust and recognition.