In the financial results for the first quarter of 2015, Trina Solar shipped more than 1GW of PV modules, drastically increasing from 550MW shipment in 1Q14 and was higher than the company’s guidance of 840MW to 870MW. The net income also increased from the previous quarter.
“In line with increasing global demand, our plans to expand our capacity remain on-track for both our domestic and overseas facilities, which will ensure we will be able to meet growing demand for the remainder of the year and beyond,” saidMr. Jifan Gao, Chairman and CEO of Trina Solar. “Our Malaysia facility, along with our recently announced Thailand facility, will serve to not only expand production, but also enhance our competitiveness in the global markets.”
Trina Solar’s manufacturing capacity of wafer reached about 1.7GW, PV cell 3.2GW, and PV module 4.0GW. All the indexes are equivalent to, or close to the company’s FY 2015 guidance.
Development of distributed generation projects in China is also a major target to be devoted to, according to Gao. Business in UK also contributed a significant value to the company’s financial results.
First quarter 2015 Financial and Operating Highlights