Trina Solar expands UK downstream footprint with 10.6 MW deal

Share

Vertically integrated Chinese solar company Trina Solar has today announced the sale of its 10.6 MW PV plant located in Trehawke, U.K. in what is the company’s first downstream activity in the country.

The solar farm, located in the southern English county of Cornwall, was the first of two Trina Solar UK projects that were connected to the British national grid in the first quarter of this year.

Trehawke – built using 41,404 Trina Solar TSM-255-PC05A high quality modules – will now be owned and operated by Foresight Group LLP, a leading private equity investment company.

"We are delighted to acquire the 10.6 MW power plant from Trina Solar; a company that has a successful track-record of delivering value to its clients," said Foresight's director and head of U.K. solar, Ricardo Pineiro. "This transaction with Trina Solar showcases the strength of working with a partner with international credentials, and we look forward to further cooperation with Trina Solar in the near future."

Jifan Gao, Trina Solar's CEO, added: "This is an exciting step forward for Trina Solar’s overseas downstream expansion and underscores our continued momentum in the U.K.

"Successful completion of this sale will allow us to redeploy resources on other projects and to further expand our pipeline in the U.K."

Trina Solar currently has 49.9 MW of projects currently under construction across the U.K., all of which are expected to be completed by the end of Q1 2015 – just ahead of the impending April 1, 2015 change in subsidy that sees the withdrawal of the Renewable Obligation Certificate (ROC) scheme for solar plants larger than 5 MW.

"Our pipeline of projects has attracted several potential buyers," added Gao. "We look forward to more sales in the near future and will continue our project development through the outstanding efforts of our company and local strategic partners."

Popular content

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: editors@pv-magazine.com.

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

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.