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

January 6, 2016
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

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

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

October 28, 2025
GreenYellow plans to invest US$116 million in Poland over the next three years to expand its installed capacity and customer base.
October 28, 2025
GoldenPeaks Capital secures EUR114 million (US$132 million) financing package for two solar PV Portfolio in Poland.
October 27, 2025
Waaree Energies has secured four solar module supply contracts totalling 692MW – three for projects in India and one in the US through its subsidiary.
October 27, 2025
Premier Energies has acquired a 51% stake each in transformer maker Transcon and inverter producer KSolare Energy. 
October 27, 2025
US solar technology company Swift Solar has deployed perovskite solar technology as part of a Department of Defence cyber warfare exercise in the state of Virginia.
October 23, 2025
US solar manufacturer T1 Energy sold approximately 725MW of solar modules in Q3 2025, as it continues to expand US manufacturing capabilities.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 12, 2025
10am PST / 1pm EST
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany