Trina Solar Limited operates as an integrated solar power products manufacturer and solar system developer based in China with a global distribution network covering Europe, Asia, North America, Australia, and Africa. The company has integrated the manufacturing of ingots, wafers and solar cells for use in its photovoltaic (PV) module production. The company’s PV modules provide electric power for residential, commercial, industrial and other applications worldwide. The company also develops, designs, constructs, operates, and sells solar power projects that primarily use the solar modules that the company manufactures. As of December 31, 2015, the company had an annualized in-house manufacturing capacity of ingots of approximately 2,300 megawatts (MW); wafers of approximately 1,800 MW; cells of approximately 3,500 MW; and modules of approximately 5,000 MW. Segments The company operates through two segments, Manufacturing and Solar Power Projects. Manufacturing This segment designs, develops, manufactures and sells PV modules worldwide. This segment includes the production of mono- and multi-crystalline silicon ingots, wafers, cells and related products and the subsequent assembly and marketing of PV modules. The company produces standard monocrystalline PV modules ranging from between 215 watts (W) and 230 W to between 275 W and 295 W in power output for 60 cell and between 325 W and 350 W for 72 cell and multicrystalline PV modules ranging from between 260 W and 270 W to between 305 W to 320 W in power output, built to general specifications for use in a range of residential, commercial, industrial and other solar power generation systems. The company assembles PV modules either from monocrystalline or multicrystalline cells. The company also designs and produces PV modules based on its customers’ and end-users’ specifications. The company’s PV modules are sealed, weatherproof and able to withstand high levels of ultraviolet radiation and moisture. The company sells its module products under its own brand. Solar Power Projects This segment designs, constructs, operates and sells solar power projects in China, the United Kingdom, the U.S. and other European and Asian countries. The company engages in the full life-cycle of solar projects development, including project selection, design, financing, permitting, engineering, procurement, construction, installation, monitoring, operation and maintenance. The company either sells completed solar projects to third party buyers, or operates them under the PPAs, or other contractual arrangements with utility or grid operators. In December 2015, the company splits its solar power project business unit (SBU) into two separate units, such as a China SBU and an international SBU, which are still under the same management. The China SBU focuses on PV power plants in China, including the development and sales, engineering, procurement and construction; and operation and maintenance. The international SBU focuses on developing PV power plants in key international markets. Customers and Markets The company sells and markets its products worldwide, including China and the United States. The company also increased its sales in newer and emerging solar power markets, which include the United Kingdom and India, as well as other markets in Asia, Africa, the Middle East, Latin America, and the Caribbean Islands. Manufacturing: In the company’s Manufacturing segment, the company sells its PV modules primarily to power plant developers and operators, wholesalers and PV system integrators. The company works with solar power plant developers and operators by supplying PV modules for downstream projects. Some of the PV system integrators also resell the company’s modules to other system integrators. The company’s major customers included NVT, LLC (doing business as SunEdison); Sanshin Electronics Co., Ltd.; Solar City; SunEnergy1; FLS Energy; Welspun Energy Private Limited; Vivint Sloar Developer, LLC; Bluefield SIF Investments Limited; Consolidated Edison Development; and TBEA Xinjiang Sunoasis Co., Ltd. in 2015. The company sells most of its PV modules t
trina solar ltd-spon adr (TR3:Frankfurt)
No.2 Tianhe Road
Trina PV Industrial Park
Phone: 86 519 8982 4000
Fax: 86 519 8517 6021www.trinasolar.com
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