Investor Relations Ir@ Trinasolar.Com APMEA Refers to Asia Pacific, Middle East and Africa * Who We Are
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China APMEA Europe North America Changzhou Singapore Switzerland United States Corporate Headquarters Regional Headquarters Regionale Hauptniederlassung Regional Headquarters No.2 Tianhe Road Asia Pacific Middle EAST Trina Solar (Schweiz) AG Trina Solar (U.S.) Inc Trina PV Industrial Park, New District Singapore Regional Headquarter Richtistraße 11 100 Century Center, Suite 501 Changzhou, Jiangsu, 213031 600 North Bridge Road, #12-01 8304 Wallisellen Schweiz San Jose CA 95112 T 400 994 9898 Parkview Square, Singapore T + 41 43 299 6800 T + 1 800 696 7114 (For mainland China only) 18877 F + 41 43 299 6810 F + 1 800 696 0166 +86 519 8982 4000 T +65 6808 1111 E [email protected] E [email protected] (For overseas) F +65 6822 1565 F +86 519 8517 6021 E [email protected] Italy Latin America E [email protected] Trina Solar (Italy) S.r.l. Trina Solar (Chile) SpA Korea Via Santa Maria Valle 3 El Golf 40 – Piso 12 Las Condes Shanghai Trina Solar (Korea) Ltd 20123 Milan Santiago, Chile 333 North Caoxi Road E [email protected] T +39 02 0068 12 30 T +56 2 2594 7586 CCIG International Plaza F +39 02 0066 14 20 E [email protected] Buliding B, Office 1704-1706 Australia E [email protected] Shanghai 200030 Trina Solar (Australia) Pty Ltd Canada T 400 994 9898 Level 35, 60 Margaret Street United Kingdom Trina Solar (Canada) Inc (For mainland China only) Sydney NSW 2000 Trina Solar (UK) Ltd 5000 Yonge Street, Suite 1901 +86 519 8982 4000 T + 61 2 9199 8500 Pegasus Business Park Toronto. ON M2N 7E9 (For overseas) F + 61 2 9199 8006 Herald Way, Castle Donington T +1 800 696 7114 F + 86 21 6057 5333 E [email protected] Derby, DE74 2TZ E [email protected] E [email protected] T +44 1332 638 700 Japan F +44 1332 638 160 Beijing Trina Solar (Japan) Limited E [email protected] 48 Dongzhimenwai Street 21F World Trade Center Building Oriental Kenzo Building 2-4-1 Hamamatsu-cho, Luxembourg X-17KL, Dongcheng District, Minato-ku, Trina Solar (Luxembourg) S.à.r.l. Beijing 100027 Tokyo 106-6121 26-28, rue Edward Streichen T 400 994 9898 T + 81 3 3437 7000 L-2450 Luxembourg (For mainland China only) F + 81 3 3437 7001 T +352 27 112 7047 +86 519 8982 4000 E [email protected] F +352 27 112 7200 (For overseas) F + 86 10 5651 8320 United Arab Emirates Germany E [email protected] Trina Solar Middle East Ltd Trina Solar (Germany) GmbH Office 114, Level 1 Einsteinring 26, Incubator Building, Masdar City, D-85609 Aschheim/München Abu Dhabi T + 49 89 122 8492 50 P.O Box 135084 F + 49 89 122 8492 51 E [email protected] E [email protected] India Spain Trinasolar (India) regional sales office Trina Solar (Spain) S.L.U. E [email protected] Caleruega Sreet, 79 3º A post code 28033 Madrid T + 34 911 335 935 F + 34 911 724 536 E [email protected] France Trina Solar (France) Regional Sales Office E [email protected] Turkey Trina Solar (Turkey) Regional Sales Office E [email protected] www.trinasolar.com Investor Relations ir@ trinasolar.com APMEA refers to Asia Pacific, Middle East and Africa * Who We Are * Information about this Report 2014 01 Strategic Report Trina Solar at a Glance 05 Trina Solar around the Globe 07 Chairman's Letter 09 Milestone 13 How Trina Solar is Reshaping the Solar Power Industry 15 02 Corporate Governance Corporate Governance Overview 18 Board of Directors 19 Executives 20 03 Upstream Module Business Upstream Business Introduction 22 Global Market Expansion 23 Research and Development 25 Stringent Quality Control 31 Product Portfolio 33 Global Client Base 35 04 Downstream Project Business Downstream Project Business Introduction 37 Downstream Project Case Studies 39 05 Corporate Social Responsibility Environmental Health and Safety 42 Meeting Our Responsibilities to Employees 44 Giving Back to Community 46 06 Financial Report Financial Highlight 49 Financial Statements 50 07 FORM 20-F Corporate Headquarter No. 2 Tianhe Road, Trina PV Industrial Park, New District, Changzhou, Jiangsu, 213031 NYSE:TSL T 400 994 9898 (For mainland China only) +86 519 8982 4000 (For overseas) F +86 519 8517 6021 E [email protected] WHO WE ARE As a leading solar manufacturer, our mission is to bring clean, Our commitment to the environment is fundamental to our reliable solar energy to everyone everywhere, based on our brand, and we insist that our factories and those of our asset-light business model, strategic downstream project business, and through our positive influence on the global solar industry. contractors meet the highest standards of environmental protection. The Silicon Valley Toxics Coalition, one of the world’s leading non-profit organizations engaged in promoting human The World Economic Forum has health and environmental justice in response to the rapid growth used Trina Solar’s R&D hub in its of the high-tech industry, has recognized Trina Solar as one of the case study of cooperation for most environmentally responsible solar module manufacturers in innovation between solar the world. It has ranked Trina Solar number one in its Solar companies around the world and Scorecard for three consecutive years, from 2011 to 2013. the public sector. Beyond sheer scale, Trina Solar is playing an important role in setting new benchmarks for the global industry, by fostering best practices, world-class quality standards, and sound policy to help the industry grow. Trina Solar’s R&D hub, the State Key Laboratory of PV Science and Technology, serves as a platform for cooperation with strategic partners including key PV Fast Company Magazine named component suppliers, universities, and research institutions. It has Trina Solar one of the top ten most been responsible for a number of global breakthroughs, setting innovative companies in China. nine world records for silicon cell efficiency and solar module power output since 2011. On behalf of the nation, the research hub submitted China’s first international standard proposal to IEC, and led the development of three SEMI international standards, marking a milestone in China’s involvement in designing international standards. The World Economic Forum has used Trina Solar’s R&D hub in its case study of cooperation Founded in 1997, and listed on the New York Stock Exchange in for innovation between solar companies around the world and 2006 (NYSE:TSL) Trina Solar is approaching its third decade of the public sector. Fast Company Magazine named Trina Solar Tokyo-based PRTM, a global growth. With revenues of $2.29 billion, and shipments of 3.66 one of the top ten most innovative companies in China. consulting company, has ranked gigawatts of photovoltaic (PV) modules in 2014, Trina Solar today Trina Solar second worldwide for has emerged as the largest supplier of PV modules in the world. It is also a premier solar power system integrator and a pioneer in smart We recognize that as a global player, our management team three consecutive years, from solar energy. must include talent from around the world, and we are 2011 to 2013, in its sustainable recruiting global talent to our senior management team. Over growth index for the global PV Our competitive advantages as one of the global leaders of the PV the past two decades, senior managers and researchers from industry. industry are based on our unmatched capability for innovation, global more than 20 nations and regions have joined the Company. sales networks and brand recognition, as well as our international partnerships. Today, Trina Solar’s premium PV modules are sold in over 30 countries, bringing clean, reliable solar energy to residential, commercial, industrial, and utility applications, on-grid or off-grid, around the world. Our European headquarter in Zurich, Switzerland; North American headquarter in San Jose, California; and our Asia Pacific, Middle East and Africa headquarter in Singapore direct a At Trina Solar, we are driving the evolution of a solar energy global business, with additional offices in Seoul, Tokyo, Madrid, Milan, economy. Our mission is to bring the benefits of solar energy Beijing, Shanghai, Sydney, and other world cities. The Silicon Valley Toxics Coalition to the world. Our corporate values support this mission, has ranked Trina Solar number Our diverse geographic portfolio of local sales and marketing including our focus on customers, our commitment to one in its Solar Scorecard for three networks, as well as our installation partners throughout Asia, Europe, maintaining openness and inclusiveness, the respect we consecutive years, from 2011 to North America and other regions help to enhance our competitiveness have for our partners, and the pursuit of excellence. We and underpin our sustainability. Tokyo-based PRTM, a global consulting 2013. believe that solar power will emerge as a mainstream company, has ranked Trina Solar second worldwide for three alternative to fossil-fuel based energy, with incomparable Our competitive advantages as one of the global consecutive years, from 2011 to 2013, in its sustainable growth index for leaders of the solar industry are based on our the global PV industry. The index uses criteria including leadership benefits for billions of people around the world, and for the unmatched capability for innovation, global sales position, market share, profitability, and financing facilities, among planet. networks and brand recognition, as well as our international partnerships. others. 1 / TrinaSolar / Annual Report 2014 TrinaSolar / Annual Report 2014 / 2 INFORMATION ABOUT THIS STRATEGIC REPORT REPORT ► Trina Solar at a Glance ► Trina Solar around the Globe ► Chairman's Letter ► Milestone ► How Trina Solar is Reshaping the 01 Solar Power Industry Cautionary statement This document should be read in In this Annual Report, the management and board of directors of Trina Solar conjunction with Form-20F 2014.