Trina Solar Ltd.

Published : May 26th, 2016

Trina Solar Announces First Quarter 2016 Results

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Trina Solar Announces First Quarter 2016 Results

CHANGZHOU, China, May 26, 2016 /PRNewswire/ -- Trina Solar Limited (NYSE: TSL) ('Trina Solar' or the 'Company'), a global leader in photovoltaic ('PV') modules, solutions, and services, today announced its unaudited financial results for the quarter ended March 31, 2016.

First Quarter 2016 Financial and Operating Highlights

  • Total module shipments were 1,423.3 MW, consisting of 1,370.4 MW of external shipments and 52.9 MW of shipments to the Company's own downstream power projects. Total module shipments decreased 19.9% sequentially and increased 38.7% year-over-year.
  • Net revenues were $816.9 million, a decrease of 15.1% from the fourth quarter of 2015 and an increase of 46.4% from the first quarter of 2015.
  • Gross profit was $139.7 million, a decrease of 23.8% from the fourth quarter of 2015 and an increase of 39.2% from the first quarter of 2015.
  • Gross margin was 17.1%, compared with 19.1% in the fourth quarter of 2015 and 18.0% in the first quarter of 2015.
  • Operating income was $44.8 million, a decrease of 44.9% from the fourth quarter of 2015 and an increase of 53.7% from the first quarter of 2015.
  • Net income attributable to Trina Solar's ordinary shareholders was $26.6 million, a decrease of 36.1% from the fourth quarter of 2015 and an increase of 91.3% from the first quarter of 2015.
  • Earnings per fully diluted American Depositary Share ('ADS' with each ADS representing 50 of the Company's ordinary shares) were $0.29, compared with earnings per fully diluted ADS of $0.43 in the fourth quarter of 2015 and earnings per fully diluted ADS of $0.16 in the first quarter of 2015.

Mr. Jifan Gao, Chairman and CEO of Trina Solar, commented, 'This quarter was a good start to the year. We posted strong year-over-year growth in major financial and operational metrics, particularly with revenue and net income up 46.4% and 91.3%, respectively. Total module shipments during the quarter increased 38.7% year-over-year to 1.42 GW, which was largely driven by demand from our key markets in the U.S., China, and India. Our shipments in Europe were up two-fold sequentially as a result of our strategic shift in Europe.

'Our downstream business continued to expand in the global market. We connected a total of 101.7 MW of utility projects to the grid during the quarter, bringing the total of grid-connected operating projects to near 1 GW. We successfully commissioned five new solar projects in the UK, totaling 24.3 MW, and further expanded our presence in Japan by partnering with GE to invest in a 14 MW DC utility-scale project, for which we were also awarded a contract to provide engineering, procurement and construction ('EPC') management services, demonstrating our experienced end-to-end capabilities.

'During the quarter we continued expanding our overseas manufacturing capacity in select markets to meet global demand, especially from the US and Europe. This capacity expansion strategy ensures we retain and grow our competitive position in the PV industry as we focus on improving our profitability. In the first quarter, we acquired a cell factory in the Netherlands and also brought our facility in Thailand online as scheduled, using our 'Honey' state-of-the-art high-efficiency assembly line method.

'As a leading innovator of PV technology, we are committed to developing high-efficiency cells and delivering high-quality products. Our R&D team recently achieved a new world record of 23.5% for IBC (Interdigitated Back Contact) cells, raising the total number of world records held by Trina Solar to 13. In addition, we have commercialized our advanced PERC (Passivated Emitter and Rear Cell) technology for high efficiency cells, and our PERC annualized capacity in the quarter has already reached 200 MW.

'We are proud of these achievements attained so far in 2016. However, we have no plans to rest. We remain focused on improving our products and business along with developing exciting new technologies, as we continue to strategically position Trina Solar for sustainable long term growth.'

First Quarter 2016 Results

Net Revenues

Net revenues were $816.9 million, including $28.7 million in revenues from electricity generated by the Company's downstream solar power projects recorded as property, plant and equipment (PP&E) on its balance sheet, EPC and other downstream activities. Total net revenues represent a decrease of 15.1% sequentially and an increase of 46.4% year-over-year. Total shipments were 1,423.3 MW, consisting of 1,370.4 MW of external shipments which were recognized in revenue and 52.9 MW of shipments to the Company's downstream power projects. This compares with total shipments of 1,776.3 MW in the fourth quarter of 2015, consisting of 1,579.7 MW of external shipments and 196.6 MW of shipments to the Company's own downstream power projects, and total shipments of 1,026.2 MW in the first quarter of 2015, consisting of 891.7 MW of external shipments and134.5 MW of shipments to the Company's own downstream projects. The sequential decrease in revenues and shipments was primarily due to seasonality. The year-over-year increase in revenues and shipments was mainly driven by key markets in China, the U.S., and India, and was partially offset by the decrease in demand from Japan and Europe.

Gross Profit and Margin

Gross profit was $139.7 million, compared with $183.3 million in the fourth quarter of 2015 and $100.3 million in the first quarter of 2015.

Gross margin was 17.1%, compared with 19.1% in the fourth quarter of 2015 and 18.0% in the first quarter of 2015. The sequential decrease in gross margin was mainly due to lower average selling prices as a result of price decline in almost all major markets and lower downstream revenues which have relatively high margins compared to the upstream module business. The year-over-year decrease in gross margin was because average selling price declined at a faster rate than the Company's cost reductions.

Operating Expenses, Income and Margin

Operating expenses were $94.9 million, a decrease of 6.9% sequentially and an increase of 33.3% year-over-year. Operating expenses included an accounts receivable provision of $6.0 million in the first quarter of 2016, compared with a reversal of accounts receivable provisions of $8.2 million in the fourth quarter of 2015. The Company's operating expenses represented 11.6% of the first quarter net revenues, an increase from 10.6% in the fourth quarter of 2015 and a decrease from 12.8% in the first quarter of 2015.

Other operating income during the quarter was $3.3 million, which represents incidental electricity income generated from the Company's downstream solar power projects recorded as current assets on its balance sheet, prior to the sales of the projects.

As a result, operating income was $44.8 million, compared with $81.3 million in the fourth quarter of 2015 and $29.2 million in the first quarter of 2015. Operating margin was 5.5%, compared with 8.5% in the fourth quarter of 2015 and 5.2% in the first quarter of 2015.

Net Interest Expense

Net interest expense was $15.1 million, compared with $13.2 million in the fourth quarter of 2015 and $10.7 million in the first quarter of 2015.

Foreign Currency Exchange Gain (Loss)

The Company recorded a net foreign currency exchange gain of $0.8 million, which included a loss on the change in fair value of foreign exchange derivative instruments of $8.2 million. This compares with a net loss of $11.4 million in the fourth quarter of 2015 and a net loss of $1.7 million in the first quarter of 2015. The foreign currency exchange gain in the first quarter of 2016 primarily resulted from the appreciation of the RMB against the USD.

Income Tax Expense

Income tax expense was $3.7 million, compared with income tax expenses of $17.6 million in the fourth quarter of 2015 and $3.2 million in the first quarter of 2015.

Net Income and Earnings per ADS

Net income attributable to ordinary shareholders of Trina Solar was $26.6 million, compared with $41.7 million in the fourth quarter of 2015 and $13.9 million in the first quarter of 2015. Net margin was 3.3%, compared with 4.3% in the fourth quarter of 2015 and 2.5% in the first quarter of 2015.

Earnings per fully diluted ADS were $0.29, compared with $0.43 in the fourth quarter of 2015 and $0.16 in the first quarter of 2015.

Financial Condition

As of March 31, 2016, the Company had $621.4 million in cash and cash equivalents, and restricted cash. Total bank borrowings were $1,516.7 million, of which $933.2 million were short-term borrowings.

In the first quarter of 2016, the Company adopted Financial Accounting Standards Board Accounting Standards Update 2015-03, Interest - Imputation of Interest, which requires the debt issuance costs be presented on the balance sheet as a direct deduction from the carrying amount of the related debt liability, instead of reporting on the balance sheet as an asset. Accordingly, the debt issuance costs, which used to be reported as assets, have been retrospectively reclassified as a direct deduction from the carrying amount of the related debt liability with the total amount of $9.1 million as of December 31, 2015 and $11.0 million as of March 31, 2015, respectively.

Shareholders' equity was $1,081.9 million as of March 31, 2016, an increase from $1,050.7 million as of December 31, 2015 and an increase from $988.4 million as of March 31, 2015.

Operations and Business Updates

Manufacturing Capacity

As of March 31, 2016, the Company had the following annualized in-house manufacturing capacities:

  • Ingot production capacity of approximately 2.3 GW;
  • Wafer capacity of approximately 1.8 GW;
  • PV cell capacity of approximately 4.3 GW; and
  • PV module capacity of approximately 5.6 GW.

Project Development

In the first quarter of 2016, the Company connected a total of 101.7 MW of utility projects to the grid, consisting 24.3 MW in the UK, 50 MW in Xinjiang, and 27.4 MW in Yunan.

As of March 31, 2016, the Company had a total of 967.3 MW downstream solar projects in grid-connected operation, including 920.8 MW in China, 4.2 MW in the U.S., and 42.3 MW in Europe. The 920.8 MW projects in China consisted of 722.9 MW of utility projects and 197.9 MW of DG projects.

Second Quarter of 2016 Guidance

The Company expects to ship between 1.50 GW and 1.60 GW of PV modules, of which 40 MW to 50 MW of PV modules will be shipped to the Company's downstream PV projects, from which revenues will not be recognized.

Fiscal Year 2016 Guidance

The Company reiterates its total PV module shipment guidance of between6.30 GW and 6.55 GW, of which 220MW to 260MWwill be shipped to the Company's downstream projects, from which revenues will not be recognized.

The Company updates its 2016 guidance of global solar power project connections to between 400 MW and 500 MW from the original guidance of 750 MW to 850 MW, including 15% to 20% of DG projects in China.

Conference Call

The Company will host a conference call on Thursday, May 26, 2016 at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong, May 26, 2016), to discuss its results for the first quarter of 2016.

Joining Jifan Gao, Chairman and CEO of Trina Solar, on the call will be Teresa Tan, Chief Financial Officer, and Yvonne Young, Investor Relations Director. The Company plans to distribute its earnings announcement before the call.

To participate in the conference call, please dial the following number five to ten minutes prior to the scheduled conference call time:

U.S. Toll Free:

1-855-298-3404

International:

+1-631-514-2526

Hong Kong:

800-905-927

Passcode:

Trina Solar

If you are unable to participate in the call at this time, a replay will be available from 11:30 a.m. Eastern Time on May 26, 2016 through 11:59 p.m. Eastern Time on June 2, 2016. The dial-in details for the replay are as follows:

U.S. Toll Free:

1-866-846-0868

International:

+61-2-9641-7900

Hong Kong:

800-966-697

Replay Passcode:

8696576

This conference call will be broadcast live over the Internet and can be accessed by all interested parties on Trina Solar's website www.trinasolar.com. To listen to the live webcast, please go to Trina Solar's website at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a replay will be available shortly after the call on Trina Solar's website for 90 days.

About Trina Solar Limited

Trina Solar Limited (NYSE:TSL) is a global leader in PV modules, solutions and services. Founded in 1997 as a PV system integrator, Trina Solar today drives smart energy together with installers, distributors, utilities and developers worldwide. The company's industry-leading position is based on innovation excellence, superior product quality, vertically integrated capabilities and environmental stewardship. For more information, please visit www.trinasolar.com.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words such as 'will,' 'may,' 'expect,' 'anticipate,' 'aim,' 'intend,' 'plan,' 'believe,' 'estimate,' 'potential,' 'continue,' and other similar statements. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance its activities; the effectiveness, profitability and marketability of its products; our expectations regarding the expansion of the Company's manufacturing capacities; the Company's future business development; the Company's downstream project development and pipeline; the Company's beliefs regarding its production output and production outlook; the future trading of the securities of the Company; the Company's ability to operate as a public company; the period of time for which the Company's current liquidity will enable the Company to fund its operations; general economic and business conditions; demand in various markets for solar products; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission.

In addition, the commencement of any downstream project is subject to a number of factors, some of which are beyond the Company's control, such as the availability of network transmission and interconnection facilities, as well as obtaining certain government approvals, project rights based on the land location, land use rights as well as the right to construct manufacturing facilities in the relevant locations.

These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

For further information, please contact:

Trina Solar Limited

Unaudited Condensed Consolidated Statements of Operations

(US dollars in thousands, except ADS and share data)

For the Three Months Ended

Mar. 31,

Dec. 31,

Mar. 31,

2016

2015

2015

Net revenues

$ 816,901

$ 961,881

$ 558,089

Cost of revenues

677,206

778,578

457,768

Gross profit

139,695

183,303

100,321

Operating expenses

Selling expenses

42,375

53,236

35,780

General and administrative expenses

46,397

37,490

27,708

Research and development expenses

9,419

11,243

7,679

Other operating income

(3,304)

-

-

Total operating expenses

94,887

101,969

71,167

Operating income

44,808

81,334

29,154

Foreign exchange gain (loss)

9,054

(12,693)

(6,961)

Interest expenses

(15,532)

(14,349)

(11,363)

Interest income

464

1,120

642

Gain (loss) on change in fair value of derivative

(8,210)

1,326

5,250

Other income, net

1,535

3,016

2,166

Income before income taxes

32,119

59,754

18,888

Income tax expense

(3,674)

(17,618)

(3,222)

Net income

28,445

42,136

15,666

Income attributable to the noncontrolling interests

(1,827)

(455)

(1,753)

Net income attributable to Trina Solar Limited

$ 26,618

$ 41,681

$ 13,913

Earnings per ADS*

Basic

$ 0.31

$ 0.49

$ 0.17

Diluted

$ 0.29

$ 0.43

$ 0.16

Weighted average ADS outstanding*

Basic

84,775,993

84,706,160

84,296,573

Diluted

105,329,407

105,571,783

97,161,189

* 'ADS' refers to any of our American depository shares, each representing 50 ordinary shares.

Trina Solar Limited

Unaudited Condensed Consolidated Statements of Comprehensive Income

(US dollars in thousands)

For the Three Months Ended

Mar. 31,

Dec. 31,

Mar. 31,

2016

2015

2015

Net income

$ 28,445

$ 42,136

$ 15,666

Other comprehensive income (loss):

Foreign currency translation adjustments

3,052

(6,232)

(150)

Comprehensive income

31,497

35,904

15,516

Comprehensive (income)/ loss attributable to non-controlling interests

(2,307)

375

(1,515)

Comprehensive income attributable to Trina Solar Limited

$ 29,190

$ 36,279

$ 14,001

Trina Solar Limited

Unaudited Condensed Consolidated Balance Sheets

(US dollars in thousands)

As of Mar. 31,

As of Dec. 31,

As of Mar. 31,

2016

2015

2015

ASSETS

Current assets:

Cash and cash equivalents

$ 452,346

$ 465,393

$ 516,026

Restricted cash

169,043

194,484

166,857

Inventories

574,215

431,994

342,699

Downstream solar project assets

616,477

531,344

80,916

Accounts receivable, net

572,495

672,321

568,380

Current portion of advances to suppliers, net

30,522

57,597

42,239

Prepaid expenses and other current assets, net

273,435

229,390

131,110

Total current assets

2,688,533

2,582,523

1,848,227

Property, plant and equipment, net

1,882,279

1,862,135

1,304,223

(including downstream solar project assets

of $822,655, $807,894 and $457,452
as of each period-end, respectively)

Prepaid land use rights, net

59,658

57,202

52,595

Advances to suppliers, net of current portion

12,769

20,602

15,730

Investment in equity affiliates

33,202

27,782

25,835

Deferred income tax assets, net

34,264

34,295

30,619

Other noncurrent assets

105,927

100,267

50,135

TOTAL ASSETS

$ 4,816,632

$ 4,684,806

$ 3,327,364

LIABILITIES AND EQUITY

Current liabilities:

Short-term borrowings and current portion of long-term borrowings

$ 933,203

$ 914,937

$ 882,859

Accounts payable

1,280,014

1,407,691

714,623

Accrued expenses and other current liabilities

402,949

278,254

261,161

Total current liabilities

2,616,166

2,600,882

1,858,643

Long-term borrowings, excluding current portion

583,467

521,326

28,053

Convertible senior notes

281,689

280,685

277,776

Accrued warranty costs

136,090

129,478

109,102

Other noncurrent liabilities

75,150

61,872

35,687

Total liabilities

3,692,562

3,594,243

2,309,261

Ordinary shares

43

43

43

Additional paid-in capital

761,504

759,493

753,892

Retained earnings

305,840

279,222

216,620

Accumulated other comprehensive income

14,550

11,978

17,799

Total Trina Solar Limited shareholders' equity

1,081,937

1,050,736

988,354

Non-controlling interests

42,133

39,827

29,749

Total equity

1,124,070

1,090,563

1,018,103

TOTAL LIABILITIES AND EQUITY

$ 4,816,632

$ 4,684,806

$ 3,327,364

Note: In the first quarter of 2016, the Company adopted Financial Accounting Standards Board Accounting Standards Update 2015-03, Interest - Imputation of Interest, and retrospectively reclassified the debt issuance costs to reduce the carrying amount of short-term borrowings and current portion of long-term borrowings by $963,463 and $1,677,071, long-term borrowings (excluding current portion) by $325,239 and $656,451, and convertible senior notes by $9,723,630 and $6,815,387 as of March 31, 2015 and December 31, 2015, respectively.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/trina-solar-announces-first-quarter-2016-results-300275454.html

SOURCE Trina Solar Limited

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Trina Solar Ltd.

CODE : TSL
ISIN : US89628E1047
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Trina Solar is based in China.

Trina Solar is listed in United States of America. Its market capitalisation is US$ 3.1 millions as of today (€ 2.6 millions).

Its stock quote reached its highest recent level on April 22, 2016 at US$ 9.99, and its lowest recent point on January 16, 2018 at US$ 0.01.

Trina Solar has 449 180 000 shares outstanding.

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7/17/2015Trina Solar Inks Module Supply Deal for Tea Plantation Proje...
7/17/2015Trina Solar Receives UL1500V Certification for its PV Module...
7/16/2015Trina Solar to Supply 51 MW of Dual Glass Modules to Tea Pla...
7/10/2015Tariffs Worse Than Previously Thought, Net Negative For Chin...
7/9/2015China Stock Roundup: Mindray Medical to Buy Remaining Stake ...
7/8/2015Trina Solar Falls on Crumbling Malaysian Partnership Buzz - ...
7/7/2015Trina Solar Limited (ADR) (TSL) Plunges More Than 5% As Its ...
7/7/2015Trina Announces Launch of Trinaswitch in North America
7/7/2015Trina Solar's Cooperation with its Malaysian Partner Remains...
7/1/2015Yingli Green Energy Issues Project Bonds for Solar Project -...
7/1/2015Deutsche Bank Bullish On Solar Stocks, Notes 'Weakness Provi...
6/29/2015Trina Solar Schedules 2015 Annual Meeting of Shareholders
6/24/2015U.S. firms fear financing drought as trade bank deadline loo...
6/24/2015RPT-INSIGHT-U.S. firms fear financing drought as deadline lo...
6/24/2015U.S. firms fear financing drought as deadline looms for trad...
6/18/2015Trina Solar to Invest $500 Million in India-Based Solar Plan...
6/18/2015China Stock Roundup: Alibaba to Launch China's Version of Ne...
5/21/2015Trina Solar Earnings: Signs of Life in Chinese Solar Makers
4/24/2015Trina Solar Announces New Efficiency Record for Multi-Crysta...
4/17/2015SunPower, Apple Join Forces to Build Solar Plants in China -...
4/15/2015Trina Solar Announced to Supply 116 MW Modules to Japan's La...
4/14/2015Trina Solar Modules to Power Japan's Largest Solar Project -...
4/13/20157:02 am Trina Solar announces module supply agreement to sup...
4/13/2015Trina Solar Announced to Supply 116 MW Modules to Japan's La...
4/10/2015Trina Solar to Ship 9.9 MW Modules to a Panama Solar Farm - ...
4/9/2015Yingli Green Supplies 15.5 MW Solar Panels to New Jersey - A...
4/8/2015Trina Solar Announces Shipment of 9.9 MW Modules for One of ...
4/8/20157:01 am Trina Solar has been selected by Solarcentury to sup...
4/2/2015China Stock Roundup: PetroChina, CNOOC Results Disappoint - ...
4/1/2015Trina Solar Announces Sale of 49.99 MW Solar Power Plant in ...
3/27/2015Trina Solar (TSL) Supplies 6.9MW of PV Modules to Anesco - A...
3/27/2015Switch to Green Energy ETFs Ahead of Earth Hour - ETF News A...
3/26/2015Yingli Green Energy Down on Wider-Than-Expected Q4 Loss - An...
3/26/2015Trina Solar Announces Shipment of 6.9 MW Trinasmart PV Modul...
3/24/2015JinkoSolar to Supply PV Modules to Hybrid Energy Project - A...
3/19/2015First Solar faces some must-know challenges
3/19/2015China Raises 2015 Solar Target: 2 Stocks in Focus - Analyst ...
3/17/2015First Solar’s strong Systems segment offsets a fall in Compo...
3/17/2015JA Solar Supplies Modules to Phase II of Guatemala Project -...
3/17/2015Yingli Solar to Add 50MW of Solar Power in Hubei Province - ...
3/13/2015Trina Solar to Supply 48 MW Modules for Projects in India - ...
3/13/2015JA Solar Q4 Earnings Beat Expectations on Higher Shipment - ...
3/12/2015First Solar’s global footprint: The US and other key markets
3/12/2015Solar Stocks To Watch Following JA Solar's Q4 Report
3/12/2015Trina Solar to Supply 48 MW of Solar Modules to ACME India
3/10/2015Trina Solar and Vivint Solar Announce Agreement to Install T...
3/6/2015ReneSola (SOL) Posts Wider Q4 Loss, Expects Lower '15 Shipme...
3/4/2015Trina Solar quarterly profit falls 31 pct as costs rise
3/4/2015Trina Solar Announces Fourth Quarter and Full Year 2014 Resu...
3/4/2015PV Module Donation Makes Thai Monastery Brighter
2/12/2015Trina Solar Announces Partnership with PingAn Trust and Jiuz...
2/6/2015Trina Solar Announces Conference Call to Discuss Fourth Quar...
1/29/2015Trina Solar State Key Laboratory Testing Center Receives TUV...
1/22/2015Trina Solar Comments on ITC's Final Determination in Antidum...
1/20/2015Trina Solar Announces Appointment of Board Directors and Sen...
1/13/2015Trina Solar Announces Successful Grid Connection of 90 MW of...
1/6/2015Trina Solar Announces Sale of the 13.2 MW UK Solar Power Pro...
12/31/2014Trina Solar Announces New R&D Breakthrough
12/8/2014Trina Solar Acquires 28% Stake in Shuntai Leasing
11/24/2014Lions Gate and Tesla are big market movers
11/22/2014Trina Solar Receives Carbon Footprint Verification for Solar...
11/19/2014Trina Solar Signs 10 MW EPC Turnkey Solutions Agreement with...
11/17/2014Trina Solar Announces New Efficiency Records for Silicon Sol...
11/13/2014Trina Solar Supplies 28.5MW of Modules to Large-Scale Projec...
11/6/2014Trina Solar Completes 7.8 MW Module Supply to Power Ten Comm...
10/31/2014Trina Solar Announces Appointment of New President of Americ...
1/23/2014Cobalt Power and Trina Solar Announce First Commercial Insta...
12/24/2013Receives JIS Q 8901 Certification from TUV Rheinland
12/9/2013Statement on Decision of Definitive Anti-Dumping and Anti-Su...
11/11/2013State Key Laboratory of PV Science and Technology Receives M...
10/17/2013Argand Energy and Trina Solar bring 453 kW Solar Project to ...
10/14/2013Wins System Integration Prize at 2013 Solar Industry Awards
10/11/2013Statement on Antitrust Litigation from Energy Conversion Dev...
9/3/2013Holds Annual General Meeting of Shareholders
8/22/2013Retains Top Rank on SVTC's Solar Scorecard
8/13/2013to Supply 345 MW to Copper Mountain Solar 3 in Nevada, USA
7/17/2013Completes Redemption of Convertible Senior Notes Due 2013
7/9/2013Announces Enhanced Trinasmart Module for Faster Installation...
7/5/2013Frameless Module First in Asia to Receive IEC 61730-2 Certif...
7/2/2013to Redeem Outstanding Convertible Senior Notes Due 2013
6/13/2013Leads Establishment of New SEMI Standards
6/5/2013Statement on Preliminary Determination of Anti-Dumping Duty ...
4/23/2013Head of EU Public Affairs Elected to the Board of EPIA
3/20/2013Announces Slimline Module Frames
3/13/2013Named as One of the World's Top 10 Most Innovative Companies
2/12/2013Ranked No. 1 in Australia
2/5/2013Unveils Dual Rated 1000V Panel for North America
2/5/2013Announces Teaming Agreement with QBotix
2/4/2013Announces New Frameless Module
12/12/2012Obtains Quality Certifications from TUV NORD, SGS, and PVEL
11/7/2012Statement on the International Trade Commission's Determinat...
10/25/2012Completes BSI Product Carbon Footprint Verification
10/23/2012APMEA Headquarters Formally Commence Operations in Singapore
10/11/2012Statement on U.S. DOC Final Determination of Antidumping and...
9/25/2012Jifan Gao Receives Solar Industry Award 2012
9/19/2012Publishes 2011 Corporate Social Responsibility Report
9/13/2012CEO Attends World Economic Forum in Tianjin as a Mentor
9/11/2012Streamlines its Operations
9/11/2012Launches Partner Program to Assist U.S. Installers Expand Th...
9/11/2012Named as One of 50 Chinese Global Challengers by BCG
9/7/2012Holds Annual General Meeting of Shareholders
9/6/2012Responds to the European Commission's Initiation of an Anti-...
9/4/2012Expands into Latin America
8/30/2012New Milestone for the Swiss Market
8/1/2012Schedules 2012 Annual Meeting of Shareholders
7/27/2012Statement on Request to European Commission to Initiate Trad...
7/10/2012Expands into Canada
7/9/2012Launches Trinasmart Solution In North America
6/26/2012Announces Selection of KPMG as its Independent Auditors
6/13/2012Intersolar 2012: Trina Solar Presents Honey Ultra World Reco...
6/12/2012Ranked Top Solar Manufacturer on SVTC's Green Scorecard
6/12/2012Announces Collaboration with E3/DC for Development of Energy...
5/17/2012Statement on Preliminary Determination of Antidumping Duty i...
4/25/2012Donation Promotes Clean Air Partnership with American Lung A...
3/22/2012Launches Partner Program for Installers
3/21/2012Statement on Preliminary Determination of Countervailing Dut...
3/16/2012and Advocate Patrick Dempsey Team to Deliver Solar Power to ...
3/6/2012Announces the Establishment of China Sales and Project Devel...
2/16/2012Announces Structured Term Loan Facility with Standard Charte...
2/13/2012Receives "Made in EU" Certificate from ICIM
1/11/2012Announces Complete Large Rooftop Solar Solution for North Am...
1/4/2012Announces the Establishment of Changzhou Trina International...
12/20/2011Announces Release of New Video: "Plug Me In, Light Me Up"
10/24/2011Response to Trade Action Filed in the United States
9/14/2011Holds Annual General Meeting of Shareholders
9/7/2011Announces World Record Based on 'Honey' Technology
9/1/2011to Showcase New Multicrystalline Module and Cell Technology ...
8/17/2011Schedules 2011 Annual Meeting of Shareholders
8/17/2011Announces Strategic Partnership with Australia's Origin Ener...
8/10/2011Announces Expiration of Put Option Exercise Period for Its 4...
7/13/2011Announces Changes to Board of Directors and Committees
7/12/2011Extends Put Option Exercise Period of its 4.00% Convertible ...
7/7/2011Provides Notice to All Holders of 4.00% Convertible Senior N...
6/20/2011Announces New Industry Leading Warranty
5/31/2011to Showcase New Products at Intersolar Europe
5/29/2011Announces Charitable Initiative with Patrick Dempsey Organiz...
5/17/2011Announces 130 MW Sales Agreement with German EPC Mohring Ene...
5/5/2011Opens Australia Sales & Business Development Office
4/28/2011Announces Research Partnership with Australian National Univ...
4/27/2011Extends Distribution Agreement with Australia's RF Industrie...
4/26/2011Announces Sales Agreement with Fotowatio Renewable Ventures
3/1/2011Announces Licensing Agreement with Zep Solar
2/22/2011Announces Fourth Quarter and Fiscal Year 2010 Results
3/24/2010Closes Follow-On Public Offering of 9,085,000 American Depos...
9/3/2009Launches "Center For Excellence" to Provide Testing and Qual...
6/8/2009to Open Warehouse in California
12/18/2008Announces 'MeSolar' Brand UMG-Silicon Based Product Line
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