Trina Solar remains committed to 500MW solar cell and module capacity expansion

Financials

Plans by Trina Solar to build-out its next-generation cell technology, despite industry conditions have been secured with a structured term loan facility of up to US$100 million dollars with Standard Chartered Bank. With the PV industry suffering from overcapacity, the majority of PV manufacturers are in cash preservation mode and have put a hold on capital spending. The loan will be used exclusively to Trina’s East Campus project, which includes 500MW of cell and module capacity and feature its high-efficiency Honey cell technology.

Previously, Trina Solar had said the expansion would take place in 2012 and provides some hope to equipment suppliers providing leading-edge technology in what is expected to be a lean year for sales.

NPD Solarbuzz recently said that it expected a significant fall in capital spending in 2012 and that equipment suppliers were at risk of experiencing year-on-year revenue declines in the 60-70% range.

 
The Trina Solar expansion plans are one of the few not be postponed.
PV-Tech Storage Promo

Newsletter

Preview Latest
Subscribe
We won't share your details - promise!

Publications

  • Photovoltaics International 24th Edition

    Signs earlier in the year of the global industry entering a growth phase have now been confirmed beyond any doubt. Almost all the big-name suppliers have now announced some form of manufacturing capacity expansion, a trend that analysts agree will only gather pace as long as the levels of demand predicted over the next few years turn out to be correct.

  • Manufacturing The Solar Future: The 2014 Production Annual

    Although the past few years have proved extremely testing for PV equipment manufacturers, falling module prices have driven solar end-market demand to previously unseen levels. That demand is now starting to be felt by manufacturers, to the extent that leading companies are starting to talk about serious capacity expansions later this year and into 2015. This means that the next 12 months will be a critical period if companies throughout the supply chain are to take full advantage of the PV industry’s next growth phase.

Partners

Acknowledgements

Solar Media