29 Nov '13, 1pm

[News] Trina Solar adding 500MW of module capacity via joint venture

NESL Solartech had a PV module nameplate capacity of 400MW, which under the JV investment is expected to be increased to 500MW before the end of 2014. Having recently detailed its module capacity levels after line upgrades and throughput improvements that effectively took annual nameplate capacity from 2.4GW to 2.8GW, Trina Solar’s module capacity now stands at 3.3GW, or 900MW higher than mid-2013. Financials TSL NYSE 14.00 -0.06 (-0.43%) 1:04PM EST Major tier one PV manufacturer, Trina Solar, is to take over operations of tier two module manufacturer, NESL Solartech, and expand capacity to 500MW. The deal was struck with Chinese conglomerate Yabang Investment Holding Group, owners of NESL Solartech. The new joint venture will be called Changzhou Trina Yabang Solar Energy Co., Ltd. Trina Solar will hold a 51% stake and Yabang Group will have a 49% interest. The facility wi...

Full article: http://www.pv-tech.org/news/trina_solar_adding_500mw_of_m...

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