by Catie Owen | Nov 8, 2024 | Commercial & Industrial Solar
Press Release
FREYR Battery (NYSE: FREY) has entered into an agreement to acquire the U.S. solar manufacturing assets of Trina Solar Co Ltd.
FREYR will acquire Trina Solar’s 5 GW solar module manufacturing facility in Wilmer, Texas, which started production on November 1, 2024.
The facility is expected to ramp up to full production in 2025 with production volumes backed by firm offtake contracts with U.S. customers.
“We are pleased to announce this transformative transaction, which will immediately position the Company as one of the leading solar manufacturing companies in the US,” commented Daniel Barcelo, FREYR’s newly appointed Chief Executive Officer.
“We are proud to be partnered with Trina Solar, a global manufacturing and solar technology leader.”
“Domestic manufacturing capacity for solar and batteries is essential for energy transition and job creation. The U.S. was once the global leader in solar, and it can be again.”
The transaction is expected to close year end 2024.
by Catie Owen | Jun 3, 2024 | Market Reports
Trina Solar, a PV and energy storage solutions provider, has released its 2023 Sustainability Report, demonstrating progress in its sustainability journey.
Aligned with the company’s mission of ‘Solar Energy for All’, the report details Trina Solar’s sustainability management and performance, addressing environmental, social, and governance (ESG) priorities, and highlights substantial business growth over the past year.
“As the world moves steadily towards a sustainable future, green energy and environmental innovation have become critical drivers,” commented Gao Jifan, Chairman & CEO of Trina Solar.
“We utilise green technology to advance global low-carbon development and collaborate with our partners to create a net-zero world. The company has been practising six key strategies of ‘innovation, branding, globalisation, platformisation, intellectualisation, and industry-finance synergy’ to lead the industry,”
Report Highlights:
1: Continuous R&D Investment:
A 2023 investment in research and development reached $785m. The company’s Vertex N-type Modules achieved a maximum power of 720.53W with 23.2% efficiency, certified by a third-party organisation.
2: Reduction in Carbon Footprint:
In 2023, the GHG emissions intensity of Trina Solar’s cells was reduced to 27.66 tCO2e/MW, a 43% decrease from the 2020 baseline, while the GHG emissions intensity of its modules was 9.30 tCO2e/MW, a 61% reduction from the 2020 baseline.
3: Zero-Carbon Factory Certification:
In April 2023, Yiwu Technology was granted the Zero-Carbon Factory (Type 1) Certificate for 2022 by Ti Testing and Certification Group. This made it the first Zero-Carbon Factory certified by an authoritative agency in the PV industry.
4: International Product Certification:
Trina Solar’s modules, including the Vertex, Vertex N, and Vertex S+ series, have received carbon footprint certification by international agencies. The Vertex and Vertex N series modules have also been granted Environmental Product Declaration certifications and Carbon Footprint of Products certification.
5: Promoting Diversity, Equity, and Inclusion:
By the end of 2023, the company had 26.06% female employees, 3,429 foreign employees, and 1,875 employees who identify as part of an ethnic minority.
6: Adherence to High Standards:
Trina Solar was awarded the ISO 37301:2021 international standard certification for compliance management by the British Standards Institution.
Progress
Trina Solar additionally highlighted that, during the 2023 reporting period, it received several awards for its ESG performance, including 2023 Forbes China Top 50 Innovative Enterprises, 2023 Bloomberg Green ESG 50, and Decarbonisation Leader by the European Union Chamber of Commerce in China.
Additionally, Trina Solar has joined the United Nations Global Compact (UNGC), committing to higher international sustainability standards. The 2023 Sustainability Report follows the latest Global Reporting Initiative (GRI) Standards 2021 and the Task Force on Climate-Related Financial Disclosures (TCFD).
by Catie Owen | May 23, 2024 | Commercial & Industrial Solar
Trina Solar has signed three distributor partnerships to expand its operations across the Middle East and Africa.
The company has partnered with Noon for Renewable Energy in Lebanon, Al Takamul Engineering in Palestine, and Golden Sun Solar Solutions in Sudan. Together, they will deliver a total of 110MW modules, including Vertex N modules tailored to the region’s unique energy needs.
Zhao Lei, head of strategic key accounts at Trina Solar, said: “We are excited to welcome Noon for Renewable Energy, Al Takamul Engineering, and Golden Sun Solar Solutions to our esteemed network of distributors. Their expertise and dedication align perfectly with our mission to deliver cutting-edge solar solutions, ensuring faster adoption of solar energy.
“These partnerships highlight our commitment to expanding our footprint in the Middle East and Africa and accelerating progress towards a net-zero future.”
According to the company, Trina Solar’s expansion is part of its global mission to drive renewable energy adoption, accelerate the transition to clean energy, and achieve global net-zero ambitions.
by Catie Owen | Apr 24, 2024 | Storage
Trina Storage, the energy storage arm of global solar PV company Trina Solar, has signed a letter of intent (LOI) to supply 1,500MWh of battery energy storage system (BESS) technology to developer Pacific Green.
Trina Storage is to supply Pacific Green with equipment that includes its latest BESS solution, Elementa 2, power conversion systems (PCS), and energy management systems (EMS).
Pacific Green has projects in development in Europe and Australia. Its debut grid-scale project — a 100MW/100MWh project in the UK — went online in December last year. Chinese manufacturer Gotion High-Tech, was the BESS supplier to that project.
In Australia, the company has targeted 1GW/2.5GWh of projects, resulting in a land deal for a planned 500MW/1,000MWh project in South Australia in November.
Trina Storage did not specify a location for the projects, instead stating that they would be in: “grid-scale energy parks… across multiple jurisdictions.”
Trina’s Elementa product held its global launch at Energy Storage Summit EU 2024, in London UK. At the show, Trina Solar executive president, Helena Li, explained that the UK is their largest energy storage market outside of China – as of more than 4GWh+ of Elementa systems shipped so far the UK accounts for over a gigawatt hour.
For exposure to the UK and Australia’s solar markets visit Solar & Storage Live London.
Image copyright: Trina Storage
