| Trina Solar Inks Module Supply Deal for Tea Plantation Project - Analyst Blog | |
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Trina Solar Ltd. TSL has inked a deal with an affiliate of China Energy Engineering Group Co. Ltd. to supply 51 megawatt (“MW”) of dual glass solar modules for a photovoltaic (“PV”) power project at tea plantations in Xishuangbanna, Yunnan province of China. This is the first project of its kind in the country.
A unit of China Energy Engineering Group − Yunnan Electric Power Design Institute − is the engineering, procurement and construction provider for the 100 MW agricultural PV power plant project. Under the first phase, Trina Solar will supply approximately 43,516 of its TSM-255 modules and 154,284 of its TSM-260 model. The shipments are expected to be completed in the third quarter of 2015.
Trina Solar said that it expects to ship modules worth 4.4–4.6 gigawatt (“GW”) in 2015, of which 700–800 MW will be used for its own projects. Meanwhile, it also intends to connect to the grid 700–750 MW worth of projects internationally.
In spite of trade conflicts, the Chinese solar companies are cracking domestic and international deals and entering into partnerships to enhance market penetration. They are also expanding their manufacturing base to other Southeast Asian countries to exploit low labor costs and evade anti-dumping duties.
Recently, this Chinese manufacturer unveiled its plans to invest $500 million for building a 2-GW solar module plant in India in partnership with Welspun Energy Ltd. The plant’s output will be exported to the U.S. and European markets, which have imposed punitive trade duties on solar shipments from China.
This May, the company announced plans to invest $160 million for building a solar cell and module assembly facility in Rayong, Thailand, also intended to serve the U.S. market. The Thai plant will have an initial solar cell nameplate capacity of 700 MW and module assembly capacity of 500 MW. Production from the plant is expected to commence in late 2015 or early 2016.
The State Council of China has set an ambitious target for the development of PV power generation. China aims to generate 100 GW of solar power by 2020, which translates to the addition of nearly 11 GW of PV power generation every year until 2020. As a result, Chinese solar cell producers like Trina Solar, JA Solar Holdings Co., Ltd. JASO, Yingli Green Energy Holding Company Limited YGE and JinkoSolar Holding Co., Ltd. JKS are expected to gain immensely from the solar boom.
Currently, Trina Solar carries a Zacks Rank #3 (Hold).
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Trina Solar Ltd.
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CODE : TSL |
ISIN : US89628E1047 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Trina Solar is based in China. Trina Solar is listed in United States of America. Its market capitalisation is US$ 2.5 billions as of today (€ 2.4 billions). Its stock quote reached its highest recent level on April 22, 2016 at US$ 9.99, and its lowest recent point on January 16, 2018 at US$ 0.01. Trina Solar has 449 180 000 shares outstanding. |