Trina Solar Ltd., a manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, has signed a strategic development agreement with the Lianyungang Municipality in China's Jiangsu Province.
The agreement includes government support in respect of land and electric power supply for a multi-phased polysilicon production facility targeted to reach 10,000 metric-ton capacity through an estimated total investment of $1 billion by the end of 2012.
"Our focused goals remain to build a world class facility with attractive production cost efficiencies relative to our domestic and global peers," says Jifan Gao, Trina Solar's chairman and CEO." We are highly confident that construction of a polysilicon facility is the right strategic direction for Trina Solar to achieve market-leading efficiencies through full vertical integration, from raw silicon to finished modules."
The company recently announced that its planned production output will be used for Trina Solar's own feedstock requirements and will only meet part of the total expected feedstock requirements to support future anticipated growth. Trina Solar will continue to be a net purchaser of feedstock materials in future years and will continue to work with its long-term polysilicon supply partners.
