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.