Trina secures $90m in financing from Wells Fargo and Barclays


Vertically integrated Chinese solar company Trina Solar has agreed financing facilities totaling $90 million dollars with two leading lending institutions.

The company has confirmed that a $60 million, five-year revolving loan agreement from U.S. bank Wells Fargo will be employed to support its working capital and business operations in the U.S., ensuring Trina is supplied with enough capital to capture "market opportunities" in the region, the company stated.

A further $30 million credit line has been arranged with British bank Barclays to aid Trina Solar Singapore’s strategy in the Asia Pacific region, where the company has eyed a number of market opportunities.

Teresa Tan, Trina Solar’s CFO, said that these two new financing arrangements for its overseas subsidiaries “not only mark a new milestone for our company in terms of leveraging our global network to establish new financing platforms, but also reflect the growing confidence that premier global banks have in our business operations."

Tan added that Trina is seeking to continue further diversification of its sources of funding in order to support its globalization efforts. "We are confident that these two credit facilities, plus others, will facilitate the execution of our growth strategies."

Last month Trina agreed a sizable $1.57 billion financing deal with Chinese state bank CITIC via a series of variable and short-term loans over three years. This agreement followed a management reshuffle at the company’s European and African regional units.

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:


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Your email address will not be published.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.