Trina signs 970 MW, 35-plant, multi-nation project contract

Jul 2, 2020 09:32 PM ET
  • The solar supplier has landed its greatest engineering, purchase and construction services offer and will certainly work on solar centers in Europe as well as Latin America which will certainly come online before 2023.
Trina signs 970 MW, 35-plant, multi-nation project contract
Image: Cornelia Lichner/pv magazine

Chinese solar maker Trina Solar has actually signed its greatest design, purchase and building and construction (EPC) deal to date, with a $700 million contract to work on 35 solar projects with a total generation ability of 970 MW.

Module giant Trina will provide project growth as well as layout, procurement as well as EPC administration solutions for solar plants in Europe as well as Latin America for the Spanish Ocena Invest S.L. subsidiary of effect capitalist The Rise Fund, which is itself possessed by San Francisco-based private equity, leveraged-buyout financier TPG Capital.

The agreement, which will certainly include solar centers in Spain, Chile, Mexico and also Colombia, will compete two-and-a-half years, with the PV plants good to go to be operational during 2022.

Trina, which the other day defined the agreement as a "innovation in [the] sales of [a] mass projects plan," anticipates to accomplish 20% of the agreement value this year.

TPG declares to manage properties worth more than $79 billion and also is establishing its Matrix Renewables tidy power profile under Ocena Invest.

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