Chinese PV Industry Brief: Trina Solar posts strong 2023 earnings

Trina Solar has announced its 2023 earnings results, while Autowell has secured a supply contract from Longi Green Energy.

Trina Solar said its operating revenue hit CNY 113.5 billion ($15.8 billion) in 2023, up 33.46% year on year, on a net profit attributable to shareholders of CNY 5.6 billion, up 51.12% from the preceding 12-month period. It said its earnings were driven by strong sales of TOPCon solar module products and its high-power 210 series PV products. It claimed that its N-type wafer production operations also helped it to reduce overall PV module product costs.

Autowell said that it has secured a deal to supply equipment for a major Longi Green Energy PV module project. The CNY 270 million contract includes scribing and welding machines, as well as adhesive equipment. It has agreed to deliver the machinery within a timeframe of six to nine months.

Three Gorges Group has launched bidding for its 2024 PV module and inverter procurement round. The round includes 9 GW of module capacity and 8 GW of inverter capacity. It aims to procure P-type and N-type monocrystalline modules, as well as inverters ranging in capacity from 196 kW to above 300 kW. It said it will announce the results on March 14.

This post appeared first on PV Magazine.

Share This Post