Trina widens loss, sees higher 2013 demand

Trina Solar saw its full-year 2012 net loss widen significantly to $266.6m and declined to immediately issue profitability guidance for 2013, despite saying it expects global PV demand to increase this year.

Trina’s full-year operating loss came in at $264.9m, compared to a surplus of $31m in 2011.

Trina – among the first major Chinese PV suppliers to publish its full-year earnings – expects to ship 2GW-2.1GW of PV components this year, up from 1.59GW in 2012, which came in at the high end of its guidance.

Changzhou-based Trina maintains 1.2GW of production capacity for ingots and wafers and 2.4GW for cells and modules.

Trina’s non-silicon manufacturing costs fell to $0.51/W in the fourth quarter, just above its end-year target of $0.50/W.

“Looking ahead, we…

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