Trina Solar appoints advisors on chairman’s ‘going private’ bid

Facebook
Twitter
LinkedIn
Reddit
Email
Jifan Gao, Chairman and CEO of Trina Solar

Leading Silicon Module Super League (SMSL) member Trina Solar has appointed Citigroup Global Markets Inc., as its financial advisor and Kirkland & Ellis as its international legal counsel to handle the proposal by Trina Solar’s founder, chairman and CEO, Jifan Gao to purchase all outstanding NYSE shares and lake the company private. 

Trina Solar has already established a ‘Special Committee’ to consider its chairman’s proposals. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The company follows a similar move by the founder and chairman of major rival JA Solar, which is listed on the NASDAQ, to take the company private. 

Both moves are seen as response to significant declines in solar company listed shares on the two main US stock markets in 2015, primarily driven down by the stocks being pegged against oil company stocks and energy stocks in general being pegged against oil, which has been suffering from overcapacity and oil prices that have more than halved in the last 12 months. 

China-based solar companies listed in the US have also experienced having shares heavily discounted compared to US-based solar companies listed on the NYSE and NASDAQ exchanges. 

Read Next

May 29, 2025
Beleaguered Swiss solar manufacturer Meyer Burger has reportedly laid off an unconfirmed number of employees at its US module manufacturing facility.
Premium
May 29, 2025
PV Talk: Global Solar Council CEO Sonia Dunlop tells Shreeyashi Ojha why the solar industry needs collective action to combat political and supply-chain disruption.
May 29, 2025
Researchers have developed a new methodology they hope will improve the modelling of the impact of different types of dust on PV performance.
May 28, 2025
In 2024, 20 million people improved their access to energy through the acquisition of solar energy kits (SEKs), according to GOGLA.
Sponsored
May 28, 2025
Ben Willis speaks to Astronergy about its next-generation TOPCon offering and the advantages of its zero-busbar module design, both of which were on show at Intersolar 2025.
Premium
May 23, 2025
Tongwei's CEO has told an annual shareholder meeting that next year will see a turning point in industry fortunes as obsolete capacity is phased out.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 8, 2025
Asia