澳门威尼克斯人

Trina Solar sells nearly 1 GW portfolio in Europe and Latin America to TPG
2020.07.01

Trina Solar (SHA:688599) today announced the transaction of nearly 1 GW solar PV projects portfolio in Europe and Latin America to The Rise Fund, a global impact investing fund managed by TPG. Trina Solar will provide project development, design, procurement and EPCM services of these projects to TPG. The total amount of the transaction is around $700 million.

The solar PV projects included in the transaction are currently operational, under construction or in late stage development nearing ready-to-build status across Spain, Chile, Colombia, and Mexico. Based on different timing of reaching the status of being ready to build for each project, the total portfolio is expected to be delivered by the end of 2022.

TPG is one of the largest alternative asset firms with more than $79 billion assets under management worldwide. Ed Beckley, a Partner at TPG who leads the Firm’s infrastructure investing efforts said, “We are very excited to partner with Trina Solar, who has a history of developing world-class solar PV projects in key markets. TPG and The Rise Fund look forward to making joint efforts together with Trina Solar to accelerate positive environmental impact starting from this 1GW of clean energy generation.”

“It is our great honor to accomplish this milestone partnership with TPG and its Rise Fund. The transaction has manifested and reinforced our market leadership in the field of overseas solar project development,” said Gao Jifan, Chairman and CEO of Trina Solar, “we have established very talented and vigorous local teams in each of our regional markets and have built significant volume of project pipeline in the international market. We will continue to collaborate with world’s leading partners to combat climate change together and benefit international communities with solar energy.”

Founded in 1997 and listed in the STAR Market of Shanghai Stock Exchange in June, 2020, Trina Solar is a global leading solar PV project developer and class asset provider in the overseas downstream markets including Europe, Latin America, Japan, etc. As of the end of last year, Trina Solar has connected over 3 GW of projects worldwide.

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