On January 23, Trina Solar announced that 20GW of the first phase of its "35GW Czochralski Single Crystal Project", which was raised by issuing convertible bonds in 2023, had been put into operation and reached its intended usable state.
In view of the increase in supply of photovoltaic industry and the decline in product prices caused by technological progress since 2022, the company controls the pace of upstream capacity construction, intends to reduce the amount of investment raised by the project, and will no longer implement the second phase of the 15GW project and close the project. The remaining 1.7 billion yuan will be transferred to the new project "Distributed Intelligent Photovoltaic Power Station Construction Project". The installed capacity of the new
project is about 245 MW, with a total investment of 3.4 billion. It is planned to complete site selection, construction and trial operation in the first year, and is expected to be completed and put into operation by the end of 2026.
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