Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

Trina Solar Remains World’s Number 1 Solar PV Module Producer, Says GlobalData

Chinese solar PV manufacturer Trina Solar remained the world’s top solar PV module producer in 2015, according to research and consulting firm GlobalData.

Trina-2According to GlobalData, Trina Solar held on to its position as the world’s number one producer of solar PV modules in 2015, producing 4.55 GW of crystalline modules. GlobalData attributed much of this success to Trina Solar’s “efforts to expand its presence in key markets across the globe” which has provided the company with numerous extra opportunities to sell their product.

“Trina Solar has experienced impressive results over the past year,” explained Ankit Mathur, GlobalData’s Practice Head for Power. “For example, it has announced a new efficiency record of 22.13% for its mono-crystalline silicon solar cell, which breaks the previous record of 21.40% and demonstrates an impressive efficiency improvement of 0.73 percentage points within only one year.

“In addition, the company has announced a new manufacturing base in Thailand to add 500 MW module and 700 MW cell capacities, and this, along with its Malaysia facility, will help to expand Trina Solar’s production and boost competitiveness in global markets.”

Trina Solar also finished off 2015 by restructuring its company, splitting into two separate units — a China system business unit (SBU) and an international SBU, designed to reflect the company’s “strategy and ambitions to become a first-tier global player in the downstream business.” The move came immediately after receiving a buyout offer from the company’s own Chairman and Chief Executive.

Canadian Solar-2In second place behind Trina Solar was Canadian Solar, which claimed second spot with 3.9 GW in 2015 — a year which also heralded the acquisition of Recurrent Energy for approximately $265 million in cash.

“The acquisition enables Canadian Solar to more than double its total and late-stage solar project pipelines, and propelled the company from fourth in 2014 up to second place last year, overtaking Yingli and JinkoSolar,” Mathur added.

“Canadian Solar has a substantial global project pipeline, a strong downstream project development business and offers low manufacturing costs. The company has also begun to offer a new upgraded warranty on its polycrystalline PV modules by guaranteeing a lower first year power output degradation.”

Canadian Solar’s 2015 was so good, in fact, that the company has recently raised its guidance for its fourth quarter and full year financial reports. Canadian Solar announced that it was raising yearly guidance significantly, thanks in part to a supremely strong fourth quarter.

The remainder of the rankings were: JinkoSolar Holding with 3.79 GW; JA Solar Holdings with 3.38 GW; Hanwha Q CELLS with 3.2 GW.

 
 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica member, supporter, or ambassador — or a patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

New Podcast: How NVIDIA Is Bringing Autonomy To Automakers

Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

EV Press Releases

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Autonomous Vehicles

Welcome to China × Cleantech — January 2021 edition. Our China x Cleantech series covers top cleantech stories in China each month. Happy 牛 Year! I...

Clean Power

A recent report from Greener, a Brazilian consultancy, showed that Brazil imported 4.76 gigawatts (GW) of solar PV module capacity last year. Domestic photovoltaic...

BIPV

There are many things in the cleantech world that are inspiring and fun, but there's perhaps nothing that quickly inspires more joy than seeing...

Clean Power

JinkoSolar, one of the largest solar module producers in the world, is ramping up its solar cell production tremendously. It is building a 20...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.