Trina Solar To Purchase 85 Million Sq. Mtr. PV Glass

Trina Solar To Purchase 85 Million Sq. Mtr. Photovoltaic Glass From Changzhou Almaden For RMB 2.1 Billion For 210mm Vertex Modules
07:27 PM (Beijing Time) - 19. November 2020
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For its 210mm cell based Vertex solar modules, Trina Solar has already reached 10 GW annual production capacity and by next year it aims to scale it up to 21 GW and by 2022 it should reach 31 GW. To ensure availability of solar glass to meet these objectives, Trina Solar has contracted Almaden for 85 million sq. mtr. PV glass supply.

Key Takeaways

  • Trina Solar has placed a big order for 85 million sq. mtr. solar PV glass with Almaden
  • The total transaction value of the deal is around RMB 2.1 billion, and delivery will be completed between November 1, 2020 to December 31, 2022
  • Trina Solar says this procurement will enable it to meet market demand of its Vertex ultra-high-power module products

Chinese solar PV cell and module manufacturer Trina Solar Co., Ltd. has signed up to receive an order of 85 million m2 of photovoltaic glass from fellow solar glass manufacturer Changzhou Almaden Co., Ltd. The total transaction value of the deal stands at around RMB 2.1 billion ($319 million) including tax.

The deal comes at a time all leading module manufacturers are working on expanding their production capacities dramatically, while prices for several processing materials, in particular glass have massively increased in recent months (see China PV News Snippets: Guangdong, PV Glass, Polysilicon).

Announcing the procurement agreement, Trina said the cooperation can further increase the output of modules and that it was pleased to secure the supply at a time when PV glass was in such high demand. Almaden will deliver the order between November 1, 2020 to December 31, 2022.

Trina will use Almaden PV glass mainly to produce its Vertex ultra-high-power module products based on 210mm silicon wafers using multi busbars, non-destructive cutting and high-density packaging.

The company has already achieved close to 10 GW of annual production capacity for its Vertex modules and to meet ‘market demand’ for these, it plans to increase its production capacity to 21 GW by 2021 and to 31 GW by 2022. Management says it has already received orders for 2 GW of this series globally. Trina wants to increase its total module production to 50 GW by end of 2021.

Calling its Vertex series as the ‘photovoltaic products for the future, and the key to lower prices for photovoltaic power generation’, Trina Solar argues the modules are ‘excellent’ at reducing system costs and cost per kWh.

Trina is rolling out its Vertex module series in 2 variants of 500W+ and 600W+ and discussed the technology at length during TaiyangNews virtual conference in July 2020 (see TaiyangNews 500W+ Conference: Trina Solar).

 

TaiyangNews is bringing together several leading industry players to discuss High Efficiency Solar Technologies  between December 1 to 4, 2020. For free registrations to the conference, details are available here.

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani