Trina Solar trims Thai sales guidance to USD 400m - report

Jun 17, 2014 - Chinese photovoltaic (PV) module maker Trina Solar Ltd (NYSE:TSL) cut by a half to USD 400 million (EUR 295m) its 2014 revenue forecast for Thailand due to political uncertainty in the country, the Bangkok Post said today.

In spite of the reduction, the company will keep track of the political situation’s development in the second half of the year as consumer confidence has started to improve, said managing director for Asia Helenna Li, as quoted by the daily. She added that the firm is “still optimistic about Thailand” as the country has supportive renewable energy policies and strong demand in the rooftop solar sector.

Trina Solar’s revenue in Thailand comes mainly from joint ventures and deals in the construction segment. In the future, the firm expects Thailand to become one of its largest markets in the region. In January-March, sales from there accounted for 35% of Trina Solar’s total revenues, which amounted to USD 445 million.

(USD 1.0 = EUR 0.738)

Choose your newsletter by Renewables Now. Join for free!