The invention provides a TFT (thin film transistor) array substrate, and a production method thereof and a display device. The TFT array substrate mainly comprises a substrate, a common electrode wire, a grid wire, an insulation buffering layer, an active layer, a grid electrode insulation layer, a grid lead, a source electrode, a grid electrode and a data wire wherein the common electrode wire and the grid wire are formed on the substrate and extend along a first direction; the insulation buffering layer is formed on the common electrode wire and the grid wire; the active layer is formed on the insulation buffering layer; and the grid electrode insulation layer is formed on the active layer, and the grid lead, the source electrode, the grid electrode and the data wire are formed on the grid electrode insulation layer. Since the common electrode wire is made of a nontransparent metal, and a ditch area is arranged right above the common electrode wire, the high-bright backlight can be efficiently shielded by the common electrode wire, so that the photovoltaic effect which is produced under the influence of the high-bright backlight in the ditch area can be avoided. Therefore, according to the scheme provided by the invention, alight shielding layer is not required to be specially arranged, so that one procedure is omitted, the metal material is reduced, and the productivity of the TFT array substrate can be effectively improved.