Skip to content
Advertisements

Trina Solar To Deliver 30 MW To South Africa

January 29, 2013

With the share price down over 49 percent since February 2012, Trina Solar’s (TSL :NYSE) investors are clamoring for large deals. And they are receiving one today as the solar manufacturer announced they will be shipping 30 megawatts (MW) of solar modules to South Africa.

Madrid-based Gestamp Solar will take delivery of the modules in Q3 2013 and will install them at a 20 MW plant in Prieska and a 10 MW plant in De Aar. Back in November 2012 the solar developer announced the PPA and $107.8 million financing agreement for the projects.

Investors in Trina Solar should be brightened by the fact that this is the company’s first large order in South Africa. Like most of the solar industry, Trina Solar is being forced to look beyond Europe for customers and potential growth.

South Africa is a viable target as the country expects to install 8,400 MW of solar power by 2030.

Shares of Trina Solar were down 0.81 percent in early afternoon trading.

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: