China-based Trina Solar Ltd. says its wholly owned subsidiary has completed the acquisition of Solland Solar, a company with approximately 200 MW of solar cell manufacturing capacity located in Heerlen, Netherlands.
Trina Solar Netherlands now owns all of Solland Solar’s assets, including manufacturing machines, equipment, stocks, office inventory and real estate. Trina Solar will commence operations at the Heerlen factory in the coming weeks.
“We are delighted with the successful completion of the transaction and believe that the acquisition enables us to expand the global manufacturing footprint of Trina Solar in an efficient manner,” says Jifan Gao, chairman and CEO of Trina Solar. “This investment will be one of the components of our ongoing global expansion strategy.
“In particular, this new cell facility in Europe, along with our in-house manufacturing capacity in Thailand and other overseas capacities, allows us to leverage our global resources so that we can further expand our presence and enhance our competitive edge in overseas markets, especially the U.S. and Europe,” continues Gao.