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  "documentTitle": "Citi | Investment Banking Pitch Book | 16 slides",
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      "text": "Founded in 1997, Trina engages in the manufacture and sale of integrated solar-powered products and specializes in the manufacture of crystalline silicon photovoltaic modules and system integration. Key Segments: Upstream and downstream. Upstream segment covers the manufacturing of ingots, wafers, PV cells and the PV module product portfolio. Downstream segment offers design, planning and execution for utility, residential and commercial distributed generation projects. Generates revenue from the sale of projects or by selling electricity to the grid companies. Trina Solar has more than 20 production and sales centres around the world and employs 14,200 people. Annualized manufacturing capacity reached 12.6 GM in 2015, consisting of Modules: 5.0 GM, Cells: 3.5 GM, Wafers: 1.8 GM, Ingots: 2.3 GM. Total module shipments during 2015 were 5.74 GW, consisting of 4.83 GW external shipments, 912 MW internal shipments to the Company's downstream power projects, an increase of 56.8% from 3.66 GW in 2014, primarily driven by strong demand from China, Japan and the U.S. In 2015, Trina completed and connected 425.0 MW of build-to-own projects in China, completed and connected 210.9 MW of build-to-sell projects in China, and completed and sold 50.0MW of build-to-sell projects in Europe. Headquarters: Changzhou, China",
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