Trina sees up to 3.8GW in 2014
China’s Trina Solar expects module shipments to swell to between 3.6GW and 3.8GW this year thanks to strong demand in Asia.
Trina – which shipped about 2.6GW of modules in 2013 – said its recent investments in Chinese production capacity would help it cope with the demand at home and in the wider region.
The company today unveiled a fourth-quarter net profit of $9.6m, a second successive quarterly surplus and one that cements its place among China’s healthier crop of PV big-hitters.
Its Q4 gross margin was 15.1%, a shade down on the 15.2% it delivered in the third quarter.
Trina’s full-year net loss was $77.9m – a 71% improvement on 2012’s deficit.
Jifan Gao, the CEO of Trina Solar, said: "In 2014, we are optimistic that solar PV demand will continue to be strong and expect China, Japan, as well as the broader Asia Pacific region and the Middle East to be key drivers of this increased demand.
“At the same time, we will focus further on developing downstream projects and increase the contribution from these projects to our total revenues and gross margins.”
Trina expects to ship 400MW-500MW of modules to its own projects this year, an up-to 47% boost on 2013’s figure.
It said two purchases in China of module and cell production capacity from lower-tier players would help it keep pace with the expected growth.