Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic (PV) modules, solutions and services, today is pleased to announce that its cumulative shipments of solar modules to India have exceeded 1 GW to date with around 20% market share in the region in 2015, cementing its position as a leading crystalline silicon(c-Si) modules manufacturer and supplier in the country.
Since it tapped into the Indian market at the end of 2010, Trina Solar has successfully built an extensive sales network throughout the country, offering innovative solar PV solutions to developers, distributors, engineering, procurement and construction (EPC) contractors, independent power producers (IPPs), and others.
India is emerging as one of the world's largest solar power markets. In June 2015, the Ministry of New and Renewable Energy (MNRE) revised its cumulative solar installation targets under its National Solar Mission to 100GW by 2022, aiming to surge ahead in the field of green energy. According to the MNRE, the total capacity of solar energy in India stood at approximately 5.8GW as of March 2016.
Ms. Helena Li, Company Vice President, Regional Head of Asia Pacific and Middle East at Trina Solar, said: "We are pleased to hit the 1 GW milestone in the Indian market and would like to thank our channel partners and end-customers for their strong support and commitment to the Trina Solar brand. With all modules fully operational in various projects in the region, Trina Solar's fleet could power an estimated 4.2 million homes in India and offset 1.4 million tons of carbon emissions annually when compared to traditional coal generation."
Ms. Li continued: "As the upward trend in solar demand continues, India remains one of the most important markets for us in global scale and is an integral part of our expansion strategy in South Asia. 1 GW is just a start, and we will continue working diligently to further expand and diversify our client base in the broader region based upon our existing sales network to strengthen our footholds in all segmented markets, while contributing to greenhouse gas emission reductions in India."