Aiming to have 50 GW of annual module production capacity by end of 2021, Trina Solar has signed an investment agreement with Changzhou National High-Tech Industrial Development Zone to develop 15 GW high power and high efficiency module capacity by 2023. (Photo Credit: Trina Solar/LinkedIn)
- Another production capacity expansion plan from Trina Solar, this time for 15 GW addition in Changzhou
- Construction of this high power and high efficiency module capacity will be attempted between 2020 and 2023
- It will cost an investment of RMB 3 billion, including RMB 1.5 billion on equipment
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Chinese solar module manufacturer Trina Solar will be expanding its current solar module production capacity by 15 GW after it entered into an investment agreement with Changzhou National High-Tech Industrial Development Zone. In a stock exchange filing dated September 20, 2020, the management said this is likely to cost up to RMB 3 billion ($441 million), of which RMB 1.5 billion ($221 million) will be for equipment investment.
Here the company will be constructing a high power and high efficiency module project with an annual output of 15 GW. Trina Solar expects to complete the construction between 2020 and 2023.
The investment is in line with the company’s long-term development strategy and conducive to accelerating as well as upgrading the technology of its overall production capacity, the management stated in the notice.
While there wasn’t much information revealed in the company statement, Chinese news portal Yicai Global reported the completed 15 GW facility of Trina Solar will produce solar modules with a power generation capacity of over 500 W. It said this is part of the module producer’s plans to have 26 GW of solar cell production capacity by the end of 2020 increasing from current 12 GW. In August 2020, it announced a 10 GW high efficiency solar cell expansion project using 210mm large size wafers in Yancheng (see China PV News Snippets: Trina, Tongwei, 3 Gorges).
While sharing its H1/2020 financials, Trina Solar said till the end of 2020 it aims to have 22 GW of cumulative solar module production capacity and increase it to 50 GW by the end of 2021. All new module capacity built after H2/2020 will comprise 210 mm modules, the company stated back then (see Trina Solar Increased H1/2020 Shipments By 37% YoY).
Earlier this month, Trina Solar completed its acquisition of Spanish solar tracker company Nclave making it a 100% subsidiary of the Chinese company in a bid to expand its solar solutions portfolio.