Trina Solar Co., Ltd. ("Trina Solar" or the "company"), a leading global PV and smart energy total solution provider, recently signed a multi-year framework agreement with the global renewable energy company Low Carbon Ltd. The framework agreement spans three years and comprises the supply of at least 1GW of Trina Solar PV modules for multiple Low Carbon projects throughout Europe. This agreement enables Trina and Low Carbon to continue to accelerate the deployment of renewable energy at scale, and will further strengthen Trina Solar’s leading position in the clean energy landscape in the region.
Setting up a framework agreement with Trina Solar provides planning security for project pipelines and will help accelerate the contracting process for future orders, with Low Carbon already securing 1GW of production volume covering its near-term project build-out plans.
Securing the best products to meet long-term goals
For the first project deliveries to the Netherlands and the UK, Low Carbon selected next-generation Trina Solar Vertex modules. Recently launched, the Vertex N TSM-NEG19RC.20 modules are equipped with 210mm n-type i-TOPCon cell technology. This Vertex N series reaches a maximum power output of 605W, 40W higher than conventional n-type modules in the market. In addition, this dual-glass module increases bifaciality to 80% and delivers higher efficiency, lower degradation, and better energy yield for lower LCOE. The Vertex N module is highly compatible with trackers, offering more feasibility to utility-scale projects in the most complex of terrains.
On the other hand, the Vertex 670W+ series boasts an even bigger power footprint, with a maximum efficiency of 21.6%. Fitted with monocrystalline 210mm cells, the selected modules have a bifacial design and improved performance in lower light areas, making them a versatile option for Low Carbon’s upcoming projects.
Justin Thesiger, Director of Operations & Asset Management at Low Carbon, said, “The agreement with Trina Solar marks an important milestone for Low Carbon as we grow our international renewable energy portfolio. Their high bankability and ability to commit to high up-front delivery volumes made Trina Solar a natural choice.”
Committed to ESG principles
Trina Solar is known as a leading innovator in solar PV solutions. The company routinely publishes reports on ESG efforts, showing its commitment to sustainable business principles, and is continuously making strides to reduce its overall environmental footprint. From 2015 to 2020, it decreased water and energy consumption in the manufacturing process and company operations by over 60%. Trina Solar’s Vertex modules have received a Carbon Footprint certification from TÜV Rheinland, documenting their industry-leading low carbon emissions.
What Trina Solar has to offer
Trina Solar is proud of its ability to commit to deliveries, allowing business partners to complete projects in a timely manner. Long-term framework agreements give companies investing in clean energy projects, such as Low Carbon, the ability to speed up follow-up orders, potentially locking in production volumes as required. According to Gonzalo de la Viña, President EMEA at Trina Solar, “Our company has more to offer to renewable energy investors than just products — rather, we offer a shared vision of bringing clean energy to everyone. We speak their language, listen to their needs, and know exactly what they require, which is why we have adapted our service offering flexibly to give both sides planning security.”
Trina Solar helps produce and store energy with industry-leading products and infrastructure that meets clients’ needs. The company has contributed to solar energy projects in Europe and beyond, developing innovative solutions that fit customer needs in the region. Agreements such as that with Low Carbon gives Trina Solar the opportunity to continue moving the world forward with clean, renewable energy.
Image: https://bit.ly/3XX15dT
Caption: Trina Solar will supply at least 1GW of its next-generation solar PV modules for multiple Low Carbon projects throughout Europe.
Source: Low Carbon Ltd.
About Trina Solar (688599.SH)
Trina Solar was founded in 1997. As a global leading provider for photovoltaic (PV) module and smart energy solutions, Trina Solar delivers PV products, applications and services to promote global sustainable development. Through constant innovation, Trina Solar continues to push the PV industry forward by creating greater grid parity of PV power and popularizing renewable energy. Trina Solar's mission is to boost global renewable energy development around the world for the benefit of all of humanity.
To date, Trina Solar has delivered more than 120 GW of solar modules worldwide. In addition, Trina's downstream business includes solar PV project development, financing, design, construction, operations and management, and one-stop system integration solutions for customers. Trina Solar has connected over 5GW of solar power plants to the grid worldwide. Trina Solar first launched the Energy IoT brand in 2018, and is now aiming to be a global leader in smart energy. In June 2020, Trina Solar listed on the STAR Market of Shanghai Stock Exchange. For more information, please visit www.trinasolar.com.
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Trina Solar Europe
Michael Katz
E-Mail: michael.katz@trinasolar.com