On February 8, Trina Solar announced that it intends to issue convertible bonds to raise no more than 8.865 billion yuan for annual production of 35 GW Czochralski single crystal projects, supplementary liquidity and repayment of bank loans.
Among them, 6.28 billion will be used for the construction of a single crystal straightening project with an annual output of 35 GW.
Trina Solar announcement shows that the company intends to build an annual output of 35 GW Czochralski single crystal project in Xining Economic and Technological Development Zone, Qinghai Province. It is expected that the annual production capacity of 35GW N-type single crystal silicon rods will be realized after reaching the production capacity. The main body of implementation is Trina Solar (Qinghai) Silicon Co., Ltd., a subsidiary of the company. The purpose of this
project is to build the company's production capacity of N-type silicon rods for the subsequent production of silicon wafers and cells, so as to provide support for the company's production of N-type components, improve the company's industrial chain layout and enhance market competitiveness. The construction period of this
project is 24 months, which is implemented in two phases, including 20GW in the first phase and 15GW in the second phase. The total investment of this
project is RMB 8,577,983,100 yuan, of which RMB 6,280 million yuan is planned to be raised, and the remaining funds are self-owned or self-raised by the Company.
Trina Solar said that by the end of 2021, the company had a battery capacity of 35 GW and a module capacity of 50 GW. By the end of 2022, the company plans to have an annual battery capacity of 50GW and an annual module capacity of 65GW.
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