Trina Solar Ranks ‘AAA’ in Latest PV Tech Bankability Report

Trina Solar has been ranked ‘AAA’, the highest category in the latest PV ModuleTech Bankability report published by PV-Tech.

June 04, 2022. By News Bureau

Trina Solar has been ranked ‘AAA’, the highest category in the latest PV ModuleTech Bankability report published by PV-Tech.

Based on a proprietary analytical model to establish bankability scores and ratings, the report combines both the manufacturing and financial health of companies, the latest issue covering more than 50 PV module suppliers.

Trina Solar ranked second for global module shipments in 2021, with a figure of 24.8GW, and has retained that position in the first quarter of 2022, shipping 8GW. Industry reports indicate that global shipments of 210 modules rose sharply in 2021 to reach 26GW, Trina contributing 16GW, with cumulative 210 shipments exceeding 35GW as of the end of March 2022..

According to the company's 2021 financial report, it achieved revenue of $6.895 billion, a year-on-year increase of 51.2%, with total assets of $9.966 billion, a year-on-year increase of 39.36%.

Helena Li, President of Trina’s Cell and Module business, commented: “Trina Solar has been a leading global PV module supplier for more than 10 years. Based on our consistent financial performance, technology innovation and product value, we are proud to be ranked in the AAA category in PV Tech’s bankability ratings. Trina Solar will continue to progress and create higher customer value globally."

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