Trina Solar to Acquire Remaining 49% Equity in Spanish Solar Tracker System Manufacturer Nclave

PVTIME - Trina Solar Co., Ltd. (hereinafter referred to as "Trina Solar" or the "company") announced the acquisition of the remaining 49% equity in Spain-based solar tracker system manufacturer Nclave Renewable S.L. (hereinafter referred to as "Nclave"), making Nclave a wholly-owned subsidiary of Trina Solar.

Back in May of 2018, Trina Solar acquired a 51% stake
in Nclave and became the first Chinese photovoltaic company to acquire an
overseas solar tracker system company. The acquisition of the remaining equity
is an important strategic deployment for Trina Solar, and will further enhance
the company's comprehensive market competitiveness.

The Nclave smart tracker is one of the core hardware products in Trina Solar’s one-stop smart photovoltaic solution, TrinaPro. Launched in 2018, TrinaPro provides comprehensive solutions for owners and developers by offering project design and engineering services that meet the owners’ needs for integrated delivery. Since its launch, TrinaPro has provided high-value solutions to various photovoltaic power stations, greatly reducing their BOS costs while increasing system power generation capabilities. With excellent brand influence, products, and services, TrinaPro has achieved rapid growth, and the demand for it has doubled in the overseas market.

With the PV industry entering
the era of ultra-high power, Trina Solar has released the industry’s first 500W+
one-stop solution – TrinaPro Mega. Based on TrinaPro, TrinaPro Mega is equipped
with 500W+ ultra-high power modules to further improve the overall performance
of the solution and reduce the cost of electricity.

Founded in 1999, Nclave specializes in the design, manufacturing, installation, and maintenance of fixed tilts and solar trackers. With more than 5 GW developed worldwide, offices on the five continents, and more than 300 projects carried out, Nclave offers its clients a product of optimal quality with the most advanced technology, thereby achieving a better performance in each project. They adapt to any request and provide custom-made solutions to their clients. In the fields of operation and maintenance guidance, its core components and structural designs have obtained many international patents in Europe, America, Spain, and other countries or regions.

According to GTM Research’s “Global PV Tracker Landscape Report 2019”, PV tracker market growth rate reached 66% in 2019, significantly higher than 24% in 2017 and 36% in 2018. In the report, Nclave is listed as a “Top 10 Photovoltaic Tracker of 2019”, only one other Chinese company made it into the top 10.

After the completion of the acquisition, Trina
Solar will provide high-quality tracker products to the global market relying
on Nclave’s industry-leading technological innovation advantages and rich
experience in tracker R&D, production, and sales.

Wu Qun, Secretary of the board of directors of Trina Solar, said after the acquisition that, “Nclave's technology accumulation in the field of smart trackers combined with Trina Solar's State Key Laboratory's leading technology research and development in the field of photovoltaics will further enhance our one-stop solutions as well as the efficiency of our tracker products. Trina Solar will continue to optimized integration and promote the synergy between ultra-high module products and Nclave solar tracker products in order to meet the core needs of customers and create greater value for customers.”

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