Trina Solar Co., Ltd., a leading global PV and smart energy total solution provider, and its eight subsidiaries (hereinafter collectively referred to as "Trina Solar"), and Changzhou Almaden Co., Ltd. (abbreviated as "Almaden"), have signed a procurement contract of photovoltaic glass. According to the contract, from November 1, 2020 to December 31, 2022, Trina Solar will purchase a total of 85 million square meters of photovoltaic glass from Almaden. The estimated total contract value is about 2.1 billion Chinese Yuan (tax included).
The photovoltaic glass purchased this time will be mainly used for the production of Trina Solar's Vertex ultra-high-power module products. The Vertex series modules are based on 210mm silicon wafers and adopt advanced technologies such as multi-busbars, non-destructive cutting and high-density packing. They are characterized by low voltage and high string power, which significantly improves anti-cracking performance and hot spot resistance. Vertex is excellent in reducing system costs and cost per kWh. The Vertex series are the photovoltaic products for the future, and the key to lower prices for photovoltaic power generation.
At present, the Vertex series has a lot of production lines with a complete supply chain. It provides customized product solutions for different application scenarios. Vertex has received widespread attention and has been welcomed by the global market, as proven by over 2GW worth of orders globally. A production capacity of nearly 10GW has been reached for the Vertex module this year. To meet the increasing market demands, Trina Solar plans to increase its Vertex production capacity to 21GW by 2021 and 31GW by 2022.
Ms. Chen Ye, Assistant Vice President of Purchasing Supply Chain Management at Trina Solar, said: "We are very pleased to sign this procurement contract when photovoltaic glass is in such high demand. The cooperation can further increase the output of modules and better meet clients’ needs."
Zhou Mingxing, General Manager of Almaden Solar Glass Division, said: "Trina Solar is a leader in the industry and an excellent partner. We will supply quality products with the required quantity in a timely manner in accordance to the contract, and hope to continue to deepen cooperation with Trina Solar in the future."
Caption: Trina Solar signed a procurement contract for 85 million square meters of PV glass
Source: Trina Solar
About Trina Solar (688599. SH)
Founded in 1997, Trina Solar is the world leading PV and smart energy total solution provider. The company engages in PV products R&D, manufacture and sales; PV projects development, EPC, O&M; smart micro-grid and multi-energy complementary systems development and sales, as well as energy cloud-platform operation. In 2018, Trina Solar launched its Energy IoT brand, established the Trina Energy IoT Industrial Development Alliance together with leading enterprises and research institutes in China and around the world, and founded the New Energy IoT Industrial Innovation Center. With these actions, Trina Solar is committed to working with its partners to build the energy IoT ecosystem and develop an innovation platform to explore New Energy IoT, as it strives to be a leader in global intelligent 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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