Trina Solar Expands Project Business With Yunnan Metallurgical New Energy Acquisition

Trina Solar , one of China’s largest solar companies, announced that it would be acquiring a 90% stake in solar project developer Yunnan Metallurgical New Energy Co, which is about to begin construction on a 300 MW project in China’s Yunnan province. While the terms of the deal were not announced, we see the move as being positive for Trina since it should help the company quickly scale up its project pipeline, while saving time on project siting and some regulatory related issues. Additionally, the deal helps the company expand its project business to the Yunnan province, which is a natural resource-rich area that also receives abundant sunshine. Trina’s Chinese project business has so far been limited to the Xinjiang, Gansu and Jiangsu provinces.
Source: Markets