Trina splits downstream solar business


In yet another business reshuffle, Trina has said it will restructure its system business unit (SBU). The change will see the unit split in two, with one focusing on the ground-mounted solar PV market in China; and the other an international unit for developing power plants in "key" international markets.

"I am excited about the new SBU structure that will allow us to give dedicated focus to the two strategically important yet very different China and Overseas downstream businesses," commented Jifan Gao, chairman and CEO of Trina.

Under the changes, Jiqing Gao, VP of Trina's SBU since October 2013 has been appointed head of the China SBU, effective immediately. He will report directly to Gao.

Regarding its downstream business, in September, Trina said it would spin off its downstream solar business from its manufacturing activities under either a growthco or yieldco vehicle.

This year has been a busy and, predominantly positive one, for Trina. This week has seen it receive a preliminary proposal from CEO Gao and Shanghai Xingsheng Equity Investment & Management Co to take the company private; and set a new efficiency record of 22.13% for its p-type mono-crystalline silicon solar cell. Last week, meanehile, it announced it would exit the EU price undertaking. It will continue to service EU customers through its overseas manufacturing facilities.

Trina also recorded its strongest ever Q1 and Q2, which led it to up its full year 2015 shipping guidance from 4.9 to 5.1 GW.

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Your email address will not be published.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.