Trina spells out huge role of PV project arm in future success

Trina Solar’s planned return to steady profitability hinges on the rapid growth of its project-development arm, which could account for half of its revenues by 2015, says chief financial officer Terry Wang.

Like many of its PV manufacturing peers, China’s Trina has made clear its intention to build up a pipeline of downstream projects to guarantee stable and predictable demand for its modules.

But the speed at which the Changzhou-based company intends to grow its project-development unit will come as a surprise to many industry observers. It underscores just how difficult the manufacturing game is expected to remain for the foreseeable future, even for the most competitive players.

Trina expects its projects division to account for about 10% of its turnover in 2012 – up…

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