Trina Solar signs major wafer and glass supply offers as Vertex production ramps
- Trina Solar has authorized major wafer as well as solar-grade glass supply deals as it remains to ramp manufacturing of its brand-new Vertex collection of panels.
In deals validated today, Trina Solar has authorized a contract with Wuxi Shangji CNC for the supply of greater than 2 billion wafers in between 2021 as well as 2025. In each of the next 5 years Trina is to acquire no less than 4GW of wafers, with the contract's complete wafer capacity amounting to 20GW, or 2 billion items.
As it stands all wafers provided are to be 210mm-- the dimension of wafer used within Trina's Vertex collection-- nevertheless the agreement does specify the dimension of wafer can be readjusted according to market demand.
The acquisition rate is to be worked out on a month-to-month basis, nevertheless pointing out evaluation by PV InfoLink, Trina put the estimated purchase amount at simply over RMB2 billion (US$ 305 million) annually.
Meanwhile, Trina has actually turned to Chinese glass service provider Almaden for a significant solar glass contract that will span over the next two years.
Under the regards to the deal, Trina will pay around RMB2.1 billion (US$ 320 million) for 85 million square metres of PV glass, to be used primarily in the production of the manufacturer's brand-new Vertex collection of high-power module items.
That price equates to around RMB24.7 per square metre, implying Trina has been able to lock in solar-grade glass supply at costs not seen given that very early September, according to PV Tech analysis. Solar glass need is highly overtaking supply presently, leading to rates considered "out of control" by module makers previously this month.
Chen Ye, assistant VP for buying supply chain monitoring at Trina Solar, stated: "We are extremely delighted to sign this purchase contract when photovoltaic glass remains in such high demand."
Trina has lofty aspirations for the Vertex collection as well as means to get to production ability of 21GW by 2021 and also 31GW by 2022. Trina launched the Vertex collection previously this year, originally with a 550W variation with 600W and higher power matchings likewise in the pipe. PV Tech's product testimonial of the Vertex panel can be reviewed below, while further evaluation of the innovation that makes up the panel can be found below and also details on Trina's strategy to ramp manufacturing ability can be read below.
Almaden, at the same time, noted that an additional glass furnace is unfinished in order to meet accelerated need for glass as well as is slated to begin manufacturing in the middle of following year.
- Yingli restructure strategy formally authorized by Chinese court
- Trina Solar seals 1.2 billion wafer supply deal with Zhonghuan Semiconductor
- Canadian Solar including significant manufacturing ability in 2021 in effort to equal opponents
- Trina Solar formally rebrands its tracker business to increase market existence
- STI Norland to establish brand-new subsidiary in Australia