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Published on March 11th, 2014 | by James Ayre


Trina Solar: 3.6–3.8 GW Of PV Modules Shipping In 2014

March 11th, 2014 by  

Trina Solar recently announced that it will shipping an incredible 3.6 GW to 3.8 GW worth of solar PV modules in 2014. That’s impressive growth — up from 2.58 GW in 2013, and 1.59 GW in 2012.

Manufacturing capacity is expected to keep up with the increased shipments — ingot/wafer production is expected to rise to 1.7 GW by the end of the year, up from 1.4 GW at the end of 2013; while in-house solar cell capacity is expected to rise to 3 GW, up from 2.5 GW at the end of 2013; and PV module production is expected to rise to 3.8 GW, up from 2.8 GW at the end of 2013. This expansion will result in capital expenditures of between $230-250 million.


The expansion cost won’t be a problem given the company’s impressive financial growth over the last few years — the company reported a full-year net revenue in 2013 of $1.77 billion, up from $1.30 billion in 2012, with an accompanying (huge) increase in gross profit, rising to $218.2 million in 2013, up from $57.2 million in 2012 — an increase of 281.2%.

PV Tech provides more:

Overall gross margin was 12.3% in 2013, compared to 4.4% in 2012, however the company reported a full-year operating loss of US$43.8 million, down from a loss of US$264.9 million in 2012. Operating margin was negative 2.5% in 2013 compared to negative 20.4% in 2012.

Trina Solar reported a full-year net loss of US$77.9 million, compared to a net loss of US$266.6 million in 2012. Net margin was negative 4.4% in 2013, down from a negative 20.6% in 2012.

Net revenues were US$525.6 million, a decrease of 4.1% from the third quarter of 2013. The company reported a quarterly gross profit of US$79.1 million, a decrease of 5.2% from the third quarter of 2013. Operating income was US$14.1 million, an increase of 133.8% from the third quarter of 2013.

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About the Author

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.

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