PVTIME – On 30 June 2023, Trina Solar released the Preliminary Plan for the Issuance of A Shares to Certain Subjects in 2023, stating that the Company intends to issue not more than 652,027,699 (inclusive) ordinary A shares to not more than thirty-five investors to raise funds of not more than RMB 10.9 billion (inclusive) for the production of high efficiency solar cells and modules and additional working capital.
According to the announcement, the funds will be used for the 10GW high-efficiency solar cell project in Huai’an City, the 10GW high-efficiency solar cell and 10GW module projects in Dongtai City, to replenish working capital and to repay bank loans. This will provide Trina Solar with additional production capacity of 20GW of high efficiency solar cells and 10GW of modules.
