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September 8, 2020—Trina Solar Co., Ltd. (“Trina Solar” or “the Company”) announced its acquisition of the remaining 49% equity in Nclave Renewable S.L. (“Nclave”) to make Nclave a wholly-owned subsidiary of Trina Solar.</p>
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Trina Solar Co., Ltd. (“Trina Solar” or the “Company”) has <strong>been regarded as bankable by all survey respondents</strong> in the <em>2020 PV Module and Inverter Bankability report</em> issued by BloombergNEF. With this report, Trina Solar is now the only module manufacturer to be rated as bankable for five consecutive years by 100% of the industry respondents participating in the annual BloombergNEF survey.</p>
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Trina Solar publishes half-year financial reports for 2020. It showes a sharp increase in sales of PV products and PV systems, which the company attributes to its years of operational experience and effective risk control mechanisms. Total revenue for the first six months of 2020 reaches RMB 12.55 billion, a year-on-year increase of 16.56%, while net profits—belonging to shareholders of the listed company—hit RMB 493 million, up 245.81% on the previous year.</p>
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Trina Solar has announced that it has signed an investment cooperation agreement with the Management Committee of Yancheng Economic and Technological Development Zone in Jiangsu province to expand its manufacturing capacity of 210mm solar cells.</p>
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Trina Solar Co., Ltd (‘Trina Solar” or the “Company”) has announced the launch of two next-generation Vertex series modules with power output of up to 600W. The company expects to realize the mass production of a 550W series in the final quarter of this year. </p>
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Trina Solar (SHA:688599) today announced the transaction of nearly 1 GW solar PV projects portfolio in Europe and Latin America to The Rise Fund, a global impact investing fund managed by TPG. Trina Solar will provide project development, design, procurement and EPCM services of these projects to TPG. The total amount of the transaction is around $700 million.</p>
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Trina Solar Co.,Ltd today became the first Chinese PV product, PV system and smart energy company to trade on the Shanghai Stock Exchange Science and Technology Innovation Board (Trina Solar; code: 688599), also known as the STAR Market.</p>
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At the listing ceremony, Gao Jifan, Chairman and General Manager of Trina Solar, struck the gong, witnessed by assembled VIP guests.</p>
