On September 11, Trina Solar announced that it would invest more than $200 million to build solar " in Wilmer, Texas, USA. It is understood that the project covers an area of 1 million square feet and produces about 5G W photovoltaic modules annually. Polysilicon raw materials will be purchased from the United States and Europe and are expected to be put into production in 2024. This will be one of the largest solar panel manufacturing plants in the United States.
this year, the 210 monocrystalline silicon wafer of Trina Solar Vietnam Base was successfully offline. As one of the important overseas industrial bases of Trina Solar, the crystalline silicon base in Vietnam is about to complete the vertical integration layout and has the production capacity of monocrystalline silicon wafers. 6.
In addition, the Thailand base of Trina Solar has the production capacity of 1G W cells and modules.
By the end of June 2023, Trina Solar's global cumulative shipments exceeded 150GW , with business in more than 160 countries and regions around the world .
At this time, the announcement of building a factory in the United States is not only a helpless move for Trina Solar, but also a choice to seize the opportunity period of the American market. On August 18
this year, the Ministry of Commerce of the United States conducted a circumvention investigation on eight photovoltaic companies in four countries for Chinese solar energy and components, while Trina Solar (Vietnam) was considered to have circumvention behavior .
Although after the final ruling of the anti-circumvention investigation was settled, Trina Solar quickly responded through the media that the results of the investigation had no impact on the company . Because Trina Vietnam 6.
But from Trina Solar's 2022 annual report, we can see the importance of the US market to its performance. In 2022, the United States has become the company's second largest source of revenue market. Revenue is as high as 53. Its gross profit margin is also as high as 15.
data , Jingke Energy was the first component giant to go to the United States to build a factory . In 2018, JinkoSolar invested in the construction of a 400 MW module plant in Florida, USA.
However, in the following years, it was relatively rare for Chinese photovoltaic enterprises to build factories in the United States, but by 2023, the heat rose sharply.
In March this year, JinkoSolar invested $81.37 million in a new solar module production line with an annual output of 1 GW in Jacksonville, Florida, USA, to upgrade the original plant; On January 10 ,
2023, Jingao Technologies announced that it would invest $60 million in Phoenix, Arizona, USA, to build 2 GW photovoltaic module capacity, which is expected to be put into operation in the four seasons of 2023;
Two months later, on March 14 , Longji Green Energy also announced that it would cooperate with Invenergy, an American clean energy developer, to build a 5 GW photovoltaic module plant in Ohio, USA. The plant is scheduled to open in April this year and put into operation by the end of the year, making it one of the largest photovoltaic module manufacturers in the United States.
On June 15, Atlas said it would build a solar photovoltaic module plant in Mesquite, Texas, with an annual output of 5 GW modules. In
addition to Chinese companies on their way to the United States, photovoltaic companies from Switzerland, South Korea, Cambodia and other countries, as well as local companies in the United States, are also competing to build factories in the United States.
This year, the US market seems to have set off a wave of expansion. When will the
collective go to the United States not be built at this time? The two-year tariff suspension will last until at least June 2024.
As the second largest single photovoltaic market in the world, the installed capacity of solar energy in the United States has increased dramatically in the past decade. According to the local association, 2023 will be the largest year for new installations in the United States.
According to the previous Solar Futures study issued by the U.S. Department of Energy, by 2035, the decarbonization scheme will require a cumulative deployment of 760-1000 GW of photovoltaic installations . Meet 37% -42% of electricity demand. By 2050, the cumulative PV installed capacity deployed will need to reach 1050-1570 GW to meet 44% -45% of the electricity demand. The market demand is very considerable.
However, at present, the domestic photovoltaic manufacturing capacity in the United States is very weak and extremely dependent on imports, especially on Chinese photovoltaic products. It is understood that nearly 50% of photovoltaic modules in the United States are imported from China.
In order to get rid of this situation, the United States issued the Inflation Reduction Act in 2022 to suppress Chinese imports of component products, while giving tax credits or production subsidies to photovoltaic companies investing in the United States to develop the local photovoltaic manufacturing industry. To some extent, this has attracted photovoltaic companies from other countries to invest in the United States. In
the long run, it is undoubtedly the best choice for Chinese photovoltaic enterprises to invest and build factories in the United States at this time, which can not only avoid tariff problems, but also enjoy local policy subsidies in the United States, thus reducing the cost of overseas markets in a disguised way.
However, building factories in the United States is not necessarily the final solution for Chinese photovoltaic enterprises once and for all, such as the imperfect supporting environment of the local industrial chain, high investment and later operating costs, and the changing political environment.
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