Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions, and services, today announced the acquisition of a 49.9 MW utility-scale ground-mounted power project in the UK from Good Energy Group PLC ("Good Energy").
The solar PV power plant received planning consent in January 2014 and will utilize Trina Solar's high quality PV modules. Construction will start in the third quarter of 2014 and the site is expected to be connected to the national grid before the end of the first quarter of 2015. If connection occurs prior to the end of March 2015 it will be entitled to receive 1.4 Renewables Obligation Certificates (ROCs) per megawatt-hour (MWh). Once operational, the project is expected to supply clean energy to more than 14,000 UK homes per year.
"This new project represents a new step forward for Trina Solar in the UK following the completion and grid-connection of our first two projects that totaled an installed capacity of 23.8 MWp. This new project will further strengthen our leading market position in the UK, as well as in Europe," said Mr. Jifan Gao, Chairman and Chief Executive Officer of Trina Solar. "As a mature and fast growing PV market, the UK presents opportunities for Trina to continue to invest in the downstream business. With a diversified downstream pipeline in China, Europe, Japan and Middle East, we are well positioned to realize our goal of 400 MW to 500 MW project developments this year."
