Trina Solar receives US$304 million loan facility to support 500MW capacity expansion project

Facebook
Twitter
LinkedIn
Reddit
Email

Trina Solar has obtained a five-year syndicated US$304 million loan facility to support its East Campus 500MW capacity expansion project, which is to be completed over the next three years.

The lenders consist of a syndicate of five domestic banks led by the Agricultural Bank of China and the Bank of China. The first drawdown is expected to occur in September 2009 in accordance with the schedule agreed upon with the lenders. The loan proceeds will be used to fund the company’s capital expenditure targets for the Q209 and will also be immediately used to repay related outstanding loans of approximately US$80 million due on June 30, 2010.

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

“We are very pleased to finalize this important financing to drive this next important phase of our company’s advancement,” said Jifan Gao, Chairman and CEO of Trina Solar. “The syndicated loan facility combined with the proceeds from our recent follow-on offering will allow us to improve our long-term capital resources as we carry out our market-driven expansion plan and elevate our manufacturing technology platform.”

Read Next

September 17, 2025
Nexamp has secured US$350 million through a long-term financing facility to expand its 6GW utility-scale solar and battery storage pipeline in the US. 
September 17, 2025
Chinese module producer DAS Solar is planning a 5GW manufacturing facility focused on producing high-efficiency back contact cells.
September 17, 2025
The California State Legislature has passed two bills that aim to reduce energy prices in the state, AB 825 and SB 302.
September 17, 2025
QatarEnergy has signed an EPC agreement with Samsung C&T for its 2GW Dukhan project. 
September 17, 2025
For the third year in a row, self-consumption installs have fallen in Spain, with 611MW of new additions in the first half of 2025, according to a report from trade body APPA Renovables.
September 17, 2025
PV CellTech: Martin Pochtaruk, CEO of North American solar module manufacturer Heliene, says US producers must learn to survive without tax incentives.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA