Trina Solar Limited today announced that its wholly owned subsidiary, Trina Solar Netherlands, has completed the acquisition of all the assets from Solland Solar, with approximately 200MW solar cell manufacturing capacity located in Heerlen, the Netherlands.
Upon completion of the transaction, Trina Solar Netherlands acquired all of the manufacturing machines, equipment, stocks, office inventory, and real estate etc. from Solland Solar. Trina Solar will commence operations at the facility in the coming weeks.
"We are delighted with the successful completion of the transaction and believe that the acquisition enables us to expand the global manufacturing footprint of Trina Solar in an efficient manner," commented Mr. Jifan Gao, Chairman and CEO of Trina Solar. "This investment will be one of the components of our ongoing global expansion strategy. In particular, this new cell facility in Europe, along with our in-house manufacturing capacity in Thailand and other overseas capacities allows us to leverage our global resources so that we can further expand our presence and enhance our competitive edge in overseas markets, especially the U.S. and Europe. We are also pleased to be investing in the Netherlands PV sector, in which we believe we can help create job opportunities for the local area, and support economic development in the region."