From pv magazine Global
Trina Solar has revealed that it aims to raise CNY 8.8 billion ($1.87 billion) by issuing convertible corporate bonds. It said it will use the net proceeds from the operation to expand its n-type ingot capacity at a new factory in Xining, in China’s Qinghai province.
The factory will have an annual capacity of 35 GW. The required investment for its construction is about CNY 8.58 billion, of which CNY 6.28 billion will come from the bond issuance.
Trina Solar said it will be the factory in two 15 GW phases. Completion is scheduled within 24 months from the start of construction.
Author: Vincent Shaw
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.