Dubai, United Arab Emirates, October 26th: Trina Solar Co., Ltd. (“Trina Solar” or the “Company”) has been awarded as bankable by all survey respondents in the 2021 PV Module and Inverter Bankability report issued by BloombergNEF. With this report, Trina Solar is now the only module manufacturer to be rated as bankable for 6 consecutive years by 100% of the industry respondents participating in the annual BloombergNEF survey.
The BloombergNEF report says that a company’s financial health, record of its modules in the field and manufacturer warranties are important indicators for financial institutions in their evaluation of PV manufacturers’ bankability. It contacts banks, EPCs, independent power providers and technical advisers worldwide and conducts in-depth interviews with quality inspectors and technology experts. The survey coverage is thus wide and the evaluation is open and transparent. As one of the most credible third-party research institutions in the global new energy market, the report is seen as an invaluable reference for business credit at many financial institutions.
The BloombergNEF 2021 Module and Inverter Bankability Report also cited the annual photovoltaic module reliability scorecard report issued by the internationally authoritative certification body PV Evolution Labs. The PVEL report affirmed the outstanding performance of Trina Solar’s modules in terms of reliability and power generation capacity. The company was once again named the world’s Top Performer module manufacturer.
Antonio Jimenez, Managing Director and Vice President, Trina Solar Middle East & Africa Region, commented: “The MEA region is experiencing strong growth in solar projects, thanks to the increasing adoption of renewable energy. Solar energy is now perceived as the most competitive form of power generation, helping countries move towards achieving their respective renewable energy targets.”
“Big projects require a reliable partner; Solar bankability represents how the PV system performs over time in association with financial risks. Their choice of a high-bankability manufacturer improves reliability of the PV systems, hence reducing the risks of solar system investment in the long run. As a Tier 1 manufacturer, Trina Solar is the provider of choice for PV and smart energy solutions.” added Antonio
From 2020 to 2021, Trina Solar has launched the Vertex 210mm 410W, 510W, 555W, 605W and 670W modules, leading the industry into the new era of 600W+. The Vertex series has been widely recognized by customers globally, opening a new channel to reduce the cost of electricity and guarantee the long-term stable returns of power plants. As the world’s leading provider of PV smart energy and energy solutions, Trina Solar is committed to bringing its product advantages into working with global partners to accelerate the global application of smart energy and create a new world of carbon-free energy.
About Trina Solar (688599. SH)
Founded in 1997, Trina Solar is the world leading PV and smart energy total solution provider. The company engages in PV products R&D, manufacture and sales; PV projects development, EPC, O&M; smart micro-grid and multi-energy complementary systems development and sales, as well as energy cloud-platform operation. In 2018, Trina Solar launched its Energy IoT brand, established the Trina Energy IoT Industrial Development Alliance together with leading enterprises and research institutes in China and around the world, and founded the New Energy IoT Industrial Innovation Center. With these actions, Trina Solar is committed to working with its partners to build the energy IoT ecosystem and develop an innovation platform to explore New Energy IoT, as it strives to be a leader in global intelligent energy. In June 2020, Trina Solar listed on the STAR Market of Shanghai Stock Exchange. For more information, please visit www.trinasolar.com
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