Chinese PV Industry Brief: Trina acquires Enclave, Sungrow secures EPC contracts for 300 MW

Module manufacturer Trina Solar has completed the acquisition of the Spanish tracker company, inverter maker Sungrow has secured contracts from Three Gorges New Energy and Akcome Technologies has completed construction of its heterojunction cell and module factory.

Module manufacturer Trina Solar announced on Tuesday it had completed the acquisition of Spanish tracker company Nclave, in which it has held a 51% stake since May 2018. The module maker began selling its TrinaPro offering – high efficiency panels, Huawei and Sungrow inverters and Nclave trackers – after its initial investment in the Spanish business. Nclave was one of market research company GTM’s top ten tracker makers last year.

Sungrow this week said it has secured two engineering, procurement and construction (EPC) contracts from state-owned Three Gorges New Energy for two solar plants with a combined generation capacity of 300 MW. A 200 MW project is planned in the Haixi Mongol and Tibetan autonomous prefecture and has a RMB598 million (US$87.5 million) EPC contract. The 100 MW plant planned in Hainan province will be worth RMB280 million to Sungrow.

Akcome Technologies said on Friday it has completed construction of a heterojunction solar cell and module factory and production has started. The manufacturer began construction in June 2018. In the first phase of the project, the company will bring online around 2 GW of production capacity this year. The facility’s total capacity is expected to reach 5 GW by the end of 2022.

Module manufacturer Canadian Solar has issued US$200 million of convertible senior notes. The net proceeds are due in 2025.

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