of May 29, Trina Solar again issued an expansion announcement, intending to invest in the construction of 25 GW single crystal rod pulling and supporting projects in Shifang Economic Development Zone, Sichuan Province, with a total investment of about 10.7 billion yuan . Among them, Trina Solar contributed about 8.7 billion yuan and Shifang State-owned Company contributed about 2 billion yuan.
In addition, late at night on May 29, Trina Solar also issued a share repurchase plan. Two days
before Trina Solar released its 10.7 billion investment plan, the major shareholders of Trina Solar again planned to reduce their holdings by nearly 5 billion yuan. The cash directly brought down Trina Solar's share price and triggered a chain reaction in early trading on Monday, with Haiyou New Material and Goodway both falling by more than 7%. Dongfang Risheng and Jingao Technologies fell more than 5%.
On May 29, the photovoltaic equipment sector fell 4.13% from the previous trading day, with Trina Solar leading the decline, and Trina Solar's share price fell
sharply on Monday. Trina Solar began emergency "self-help", throwing out a 10 billion production expansion plan and a share repurchase plan late that night.
In the share repurchase announcement, Trina Solar intends to repurchase a shares issued by some companies at no more than 65 yuan per share , with the repurchase amount not less than 300 million yuan and not more than 600 million yuan .
In the announcement, Trina Solar said on the reasons for the repurchase, based on confidence in the company's future development and recognition of the company's value, in order to establish and improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of the company's employees, effectively integrate the interests of shareholders, the company and employees, and promote the healthy and sustainable development of the company.
Just last week, Li Zhenguo, founder and president of Longji Green Energy, said publicly that the
"noisy" expansion of production has never stopped
Photovoltaic overcapacity seems to be imminent.
However, with the gradual acceptance of photovoltaic surplus in the whole industry, Trina Energy does not seem to have been affected. After 2023, it has continuously strengthened the layout of vertically integrated production capacity and accelerated the pace of expansion. On January 28
this year, the third phase of Trina Solar Battery was fully completed and put into operation in Suqian, and the annual production scale of TOPCon battery can reach 10GW. As of the day the project was put into operation, Tianhe's investment in Suqian had reached 22 billion yuan, covering silicon wafers, batteries and components followed in February ." Trina Solar also launched an 8 billion financing plan to issue convertible corporate bonds totaling 8.865 billion yuan, of which 62.19
. The company has also signed a new generation of high-efficiency battery project with an annual output of 5 billion yuan in Huai'an Economic and Technological Development Zone, Jiangsu Province. It announced three days later that it planned to split up and list its holding subsidiary , Jiangsu Tianhe Intelligent Distributed Energy Co., Ltd .
At the end of the month, Tianhe Fujia Energy Co., Ltd. (hereinafter referred to as "Tianhe Fujia"), a listed subsidiary , announced its intention to spin off its capital increase and share expansion.
The listing plan has not yet ended, and in May, Trina Solar added Jiangsu again.On the 19th, it signed a project with Yangzhou Jingkai District to produce 10g W high-efficiency photovoltaic cells and 10g W high-power components annually; On the 23rd, an investment agreement for 10GW Topcon battery and 10GW component projects was signed with Tinghu District and Yancheng Economic and Technological Development Zone. Signed 10GW Topcon battery and 10GW component project investment agreement with Dongtai City.
According to the plan, by the end of 2023, Trina Solar will have a production capacity of 100,000 tons of industrial silicon, 50,000 tons of polysilicon, 20GW silicon wafers, 55GW batteries and 70GW modules. At that time, the vertical integration layout of the company will be initially completed and form a moat for the enterprise .
Extending the industrial chain to increase energy storage and BIPV
will accelerate the vertical integration layout. Trina Solar also began to extend its industrial chain to energy storage and offshore year". Tianhe Solar Energy has made great breakthroughs in the field of energy storage, with domestic shipments exceeding 1.
At the 16th SNEC Global Photovoltaic Conference just past, Gao Jifan, chairman of Trina Solar Energy, stressed that in order to achieve energy transformation, "four keys" are crucial. It is necessary to build the integration of photovoltaic, energy storage, hydrogen energy and energy Internet.
Trina Solar is implementing this concept with its actions.
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