PVTIME – Yesterday, Trina Solar announced that the
company has signed an investment cooperation agreement with the Management
Committee of Yancheng Economic and Technicological Development Zone in Jiangsu
Province to expand its manufacturing capacity of G12 solar cells.
to the announcement, in accordance with the company’s development strategies, Trina
Solar will add 10GW in annual production capacity of high-efficiency 210mm(G12)
solar cells through two means, further enhancing its core competitiveness
through the cost and scale advantages of expanding production capacity.
First, Trina Solar will add 7.6GW in annual production capacity with the construction of a new facility inside Yancheng Economic and Technological Development Zone. The total construction time is expected to be 6 months from the official start of construction to the start of production, and the total investment of this project shall not exceed 3 billion yuan.
Second, through technical transformation and upgrading, Trina Solar will add another 2.4GW in annual production capacity by upgrading its existing production facility inside the Yancheng Economic and Technological Development Zone. The total construction time is expected to be about 4 months, and the total investment of this project is estimated to be 800 million yuan.
The 10GW 210mm cells will be used in the Trina Solar Vertex 600W+ new
product series, which has been widely acclaimed in the market. The
latest moves will not only speed up technological innovation in the
industry, but also provide a broader space for reducing balance of
system and levellized cost of energy from the system side to ensure
stable customer income.
Trina Solar is dedicated to an
all-round value strategy that delivers immense benefits to its
customers. Relying on the R&D platform of its critical photovoltaic
science and technology laboratory, Trina Solar
plans to strengthen R&D investment in the field of large-size cells
and modules to ensure that the average efficiency of newly built
passivated emitter and real cells reaches 23% early next year. The
company will continue to deploy forward-looking battery and component
technology as it seeks to maintain its leading market position.
Gao Jifan, General Manager and Chairman of Trina Solar
said, the company will further enhance its core competitiveness through
cost and scale advantages in expanding the production capacity of
high-efficiency large-size solar cells, seize market development
opportunities for monocrystalline products, and enhance profitability
and the company's comprehensive competitiveness with the advantage of
policies in Yancheng that are forward looking and give invaluable
support to industry.