CHANGZHOU, China, Nov. 23, 2015 /PRNewswire/ --Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions, and services, today announced that its accumulative shipments since 2005 have exceeded 15 GW as of the end of Q3, 2015, marking a significant milestone for the Company.
Trina Solar's efforts in expanding its presence in key markets across the globe, leveraging on its innovative high-quality solar products, strong sales network and brand recognition, have enabled the Company to capture numerous opportunities as solar is becoming one of the world's major sources of electricity. With the support of its worldwide customers, the Company has increased its market share from approximately 1% in 2005 to more than 10% anticipated in 2015.
Mr. Jifan Gao, Chairman and CEO of Trina Solar, said, "We are extremely pleased to have reached the 15GW milestone in 2015 alongside our significantly increased global market presence. In addition to expanding our total shipments, we continued to exercise strong financial discipline in managing our balance sheet by carrying out a relatively asset light strategy when making capacity investments, and at the same time continued to improve our operating margin. Trina Solar has proved its position in the solar industry as a leading module manufacturer, and at the same time a world-class downstream player.
"We are very pleased to say that the modules that we shipped in the past ten years have been installed in various projects worldwide, which could reduce estimated 18 million tons of carbon dioxide emissions a year with each module fully functional, equivalent to planting approximately 13.3 billion square meters of trees. Looking ahead, we will continue to contribute to reduce adverse climate change worldwide by innovating and promoting the PV industry. I believe our commitment to providing affordable, clean and renewable energy to all people around the globe will allow us to achieve our mission of benefitting mankind with solar energy."
About Trina Solar Limited
Trina Solar Limited (NYSE:TSL) is a global leader in photovoltaic modules, solutions and services. Founded in 1997 as a PV system integrator, Trina Solar today drives smart energy together with installers, distributors, utilities and developers worldwide. The company's industry-leading position is based on innovation excellence, superior product quality, vertically integrated capabilities and environmental stewardship. For more information, please visit www.trinasolar.com.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance its activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the Company; the Company's ability to operate as a public company; the period of time for which the Company's current liquidity will enable the Company to fund its operations; general economic and business conditions; demand in various markets for solar products; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
SOURCE Trina Solar Limited