Login / Register
BUY TICKET

xx

DAYS REMAINING

xx

DAYS REMAINING

Build a new-type energy storage industry chain to empower the new generation of power systems and smart grids.

Trina Solar to expand n-type ingot capacity by 35 GW

2023-02-10
Source:pv-magazine

Abstract

In response to growing demand, Trina Solar has revealed plans to ramp up ingot capacity at a new factory in Xining, in China’s Qinghai province.

Image: Trina Solar

Trina Solar has revealed that it aims to raise CNY 8.8 billion ($1.3 billion) by issuing convertible corporate bonds. It said it will use the net proceeds from the operation to expand its n-type ingot capacity at a new factory in Xining, in China's Qinghai province.

The factory will have an annual capacity of 35 GW. The required investment for its construction is about CNY 8.58 billion, of which CNY 6.28 billion will come from the bond issuance.

Trina Solar said it will be the factory in two 15 GW phases. Completion is scheduled within 24 months from the start of construction.

Declaration: The content quoted and reproduced from other organizations and websites is intended to convey more information rather than for profit. It does not represent endorsement of their views or verification of their descriptions; the content is for reference only. Copyright belongs to the original authors. If there is any infringement, please contact us for removal.