On November 15, 2020, Trina Solar Co., Ltd. and its 8 subsidiaries (hereinafter collectively referred to as "Trina Solar") and Changzhou Almaden Co., Ltd. (abbreviated as "Almaden") signed the 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 yuan (tax included).
Ms. Chen Ye, Assistant Vice President of Purchasing Supply Chain Management of Trina Solar, said that we were very pleased to sign this procurement contract when photovoltaic glass was 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 that 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.
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 210 silicon wafers and adopt advanced technologies such as multi-busbars, non-destructive cutting and high-density packaging. They are characterized by low voltage and high string power, which significantly improve the performance of anti-cracking and hot spot resistance. It 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. It has received widespread attention and are 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 production capacity to 21GW by 2021 and 31GW by 2022.