Vietnamese media claim the new factory is being built to diversify the company’s supply chain away from China and as an answer to new requirements from western countries and suppliers.
Increased net sales and income per share are coupled with 1.6 GW DC of bookings, reports of a 445 W module and environmental recognition for the Series-6 line, point to yet another successful quarter for the company.
Another stalwart of the solar industry was able to take the necessary precautions in order to maintain some sense of normalcy during the pandemic, leading to a quarter of increased sales, net cash and a positive outlook to finish off the year.
Executive and boardroom moves in solar, storage, cleantech, utilities and venture capital.
IEA PVPS report: Global solar demand increased by 12% in 2019 compared to 2018 — but that was BC. According to the report, photovoltaics provided just under 3% of global electricity needs in 2019.
The U.S. thin-film solar company says its production lines in Ohio, Malaysia and Vietnam have thus far been able to carry on operations. The company says measures have been taken to protect its workers at all of its premises.
In this interview Trina Solar’s President of America Steven Zhu provides a longer perspective on the current U.S.-China trade war, and also speaks to the evolution of Trina’s offerings in the U.S. market.
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