EnerTuition • 67 Comments
Tue, Feb. 23, 1:15 PM
- Trina (TSL -2%) has bought the assets of Solland Solar, a Dutch firm that owns 200MW/year of solar cell manufacturing capacity in the city of Heerlen, for an undisclosed sum. Trina plans to begin operations at the plant "in the coming weeks."
- Much like Trina's efforts to invest in Indian solar manufacturing capacity, the purchase will help the company avoid U.S./EU tariffs on Chinese solar exports. CEO Jifan Gao: "[T]his new cell facility in Europe, along with our in-house manufacturing capacity in Thailand and other overseas capacities allows us to leverage our global resources so that we can further expand our presence and enhance our competitive edge in overseas markets, especially the U.S. and Europe."
- Q4 results arrive on March 3.
Apr. 1, 2015, 1:18 PM
- Trina (NYSE:TSL) is selling a 50MW Nortolk, U.K. solar plant to local solar investment firm Bluefield for £59.1M ($87.7M) + a £3M ($4.4M) retention that's contingent on conditions being met. The company has also entered into a bridge loan agreement to finance the Norfolk project until the sale is finished.
- Trina notes it has now sold 3 utility-scale U.K. solar plants featuring a combined capacity of 73.76MW, and that (in addition to ongoing U.K.projects) it's building several Japanese projects. The company forecast a month ago it would see 700MW-750MW of solar projects go live in 2015.
- Shares have joined those of several solar peers in rallying on a down day for equities.
Feb. 14, 2014, 2:32 PM
- Trina (TSL -4%) has acquired a 51% stake in Chinese solar cell maker Hubei Hongyuan from solar equipment vendor Shenzhen S.C. for an undisclosed sum.
- Following the deal's closing, Hubei's manufacturing capacity will be expanded, and is expected to reach a level of 420MW by mid-2014.
- Trina, a leading Chinese solar module vendor with a growing project business, says the deal will give it "greater access to solar cell manufacturing capacity and at a low cost of capital."
Apr. 16, 2012, 12:47 PM
Canadian Solar (CSIQ +7.2%) has given back a chunk of the premarket gains it saw on a report CNOOC (CEO) is in talks to acquire the firm. Other Chinese solar names have given back most or all of their early gains: TSL -2.1%. YGE -2.9%. JASO +1.5%. HOKU +0.9%. Past remarks from the Chinese government have already led many to expect consolidation, and some fear a bit of M&A activity won't be enough to fix the solar industry's huge problems.| Apr. 16, 2012, 12:47 PM
Apr. 16, 2012, 8:12 AM
Apr. 29, 2011, 9:37 AM
Total’s (TOT +0.2%) $1.37B offer for SunPower (SPWRA +36.5%) lifts other solar stocks, responding to the deal’s fat premium and the notion that oil giants may be interested in buying solar companies. FSLR +3.3%, CSIQ +4.5%, LDK +3.8%, JASO +3.9%, TSL +2.9%, ASTI +3.2%, SOLR +2.8%.| Apr. 29, 2011, 9:37 AM | 2 Comments