November 25, 2010

Trina Solar targets 10% global market share for 2011


Nov. 25, 2010 (China Knowledge) - Trina Solar Ltd, an integrated solar-power product manufacturer based in Changzhou, Jiangsu Province, aims to expand its global market share to more than 10% in 2011 from the 8% forecast for this year, said CFO Terry Wang.

The firm's domestic market share is 3% to 5%.

Wang added that the company's solar cell output capacity will reach 1.1 gigawatts at the end of this year and 1.5 GW by the end of 2011, and the actual capacity may exceed between 15% and 20% of the targets.

The New York-listed firm mainly operates business in Germany and Italy, and the company's operating revenue in the former country accounted for 30% of the total in 2009.

Next year, the world's photovoltaic cell demand is expected to be between 16 GW and 20 GW, said Terry Wang.

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