Trina Solar Acquires Majority Stake In China-Based Developer Of Large-Scale Solar Projects

Posted by SI Staff on September 02, 2014 No Comments
Categories : Projects & Contracts

Trina Solar Ltd. has entered into a share purchase agreement to acquire a 90% stake in Yunnan Metallurgical New Energy Co. Ltd., a China-based developer of solar power projects.

The original owners – Yunnan Metallurgical Group Co. Ltd., Kunming Yeyan New Material Co. Ltd., and Kunming Engineering & Research Institute of Nonferrous Metallurgy Co. Ltd. – will retain the remaining 10%.

Yunnan Metallurgical New Energy currently has a 300 MW project under development in Yunnan province. Construction of the project is expected to begin in the third quarter of this year.

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