Trina Solar sells power plant to equity investment company 

PV manufacturer, Trina Solar, recently announced the sale of its solar power plant in Trehawke, UK to one of the leading private equity investment companies in the world, Foresight Group. The plant is one of two Trina Solar projects in the UK that were connected to the national grid in early 2014.

The 10.6MW facility used over 41,404 high quality solar modules developed by Chinese manufacturer, Trina Solar and has been providing a significant amount of renewable energy to the region.

Trina Solar overseas expansion booms with UK plant sale

Ricardo Pineiro of Foresight Group noted in his official statement that the company was delighted to acquire the 10.6 MW Trehawke solar power plant and this agreement would be a prime example of international companies working together to provide quality service to the public.

The CEO of Trina Solar, Jifan Gao, also stated that this transaction would mark the beginning of Trina Solar’s overseas expansion as they begin to introduce their projects to countries all over the world. It also marks their foray into the UK market.

Successful completion of the transaction would elevate Trina Solar’s opportunities to continue their pipeline in the UK and soon enough more of their projects may see the light of day in the country. As a matter of fact, Trina Solar has around 49.9 MW of solar power projects currently being built in the UK.

Trina Solar company plans to continue renewable project growth

All of these new projects are expected to be open and fully operational by the end of the first quarter in 2015. This would be just weeks ahead of the withdrawal of the Renewable Obligation Certificate subsidy given to solar plants larger than 5 MW.

Trina Solar also announced that following this transaction the company will look forward to the sales of other projects currently in development or planned for development in 2015 and onwards. The company hopes that the transaction with Foresight Group will help establish their credentials in the UK.

The Trehawke power plant is already enough to power well over 45,000 households especially now that newer studies are showing more and more homes are using less energy than in previous years. It may be due to rising costs of grid power or due to changing living habits.

Trina Solar Limited was founded in 1997 and initially began as a photovoltaic system integrator. Now in 2015 the company has evolved into one of the leading developers, installers, and distributors of smart green energy all over the world.

Energy giant China contending for highest solar production globally

Trina Solar has greatly affected their home in China, which is still one of the leading buyers of coal and is one of the leading producers of carbon emissions. Since Trina Solar took hold of the local Chinese market, the country had seen a revolutionary improvement.

These days, China has taken over as the 2nd leading country with the most solar power production – amassing a total of 23 GW. How Trina Solar will use their influence and skills in the UK has yet to be seen but the deal with Foresight Group is a step in the right direction for the country and the company.

 

To reproduce this article, reference: 'article title', originally posted on 'Australian Solar Quotes' with link to this post. Learn more about our media guidelines.

 

Australian Solar Quotes is committed to providing our viewers with the latest renewable energy news, trends, technology advancements and more so stay in the loop by clicking here and subscribing to our free green-tech and solar energy newsletter.

 

Australian-Solar-Quotes-Social-Media-Platforms-Share-png

 

The Author

Motivated and dynamic journalist with a strong interest in sustainable solar powered technology. My work in journalism and new media has provided me with a medium to produce content concerning emerging renewable energy.

×

Cecilia from Wagait Beach, Northern Territory asked for 3 quotes for solar about 20 hours ago!

su-en from Camp Hill, Queensland asked for 3 quotes for solar about 21 hours ago!

Barry from Valley Heights, New South Wales asked for 3 quotes for solar about 22 hours ago!

Michael from Cooloola Cove, Queensland asked for 3 quotes for solar 1 day ago!

Dave from Chelsea heights, Victoria asked for 3 quotes for solar 1 day ago!

ken from Banksia Beach, Queensland asked for 3 quotes for solar 1 day ago!

Ron and Lesley from Gisborne South, Victoria asked for 3 quotes for solar 2 days ago!

Thomas from Lal Lal, Victoria asked for 3 quotes for solar 2 days ago!

Chantal from Sydney, New South Wales asked for 3 quotes for solar 2 days ago!

Chantal from Sydney, New South Wales asked for 3 quotes for solar 2 days ago!

Cameron from Ararat, Victoria asked for 3 quotes for solar 3 days ago!

Lisa from Paddington, New South Wales asked for 3 quotes for solar 3 days ago!

Maryanne from Illawong, New South Wales asked for 3 quotes for solar 3 days ago!

Dave from Woolmar, Queensland asked for 3 quotes for solar 3 days ago!

Nick from Salamander bay, NSW asked for 3 quotes for solar 4 days ago!

wisam from Roxburgh Park, Victoria asked for 3 quotes for solar 4 days ago!

Amy from Skye, South Australia asked for 3 quotes for solar 4 days ago!

Peter from Coraki, New South Wales asked for 3 quotes for solar 5 days ago!

Ben from Thornton, New South Wales asked for 3 quotes for solar 6 days ago!

Denis from Tinana, Queensland asked for 3 quotes for solar 7 days ago!