Trina Solar subsidiary Trina Solar (Luxembourg) Holdings has announced it has secured a €150 million revolving credit facility from Banco Santander to accelerate the growth of the company’s International System Business Unit (ISBU), a downstream division focused on the development of utility-scale solar power and battery storage systems, and its transition from a pure project developer to an independent Power Producer (IPP), starting from Europe.
Australian telecommunications giant Telstra has inked a power purchase agreement (PPA) to secure 50% of the electricity generated from the 260MW Glenellen Solar Farm in New South Wales, Australia.