Trina Solar Co., Ltd. (“Trina Solar” or “the Company”) today announced its acquisition of the remaining 49% equity in Nclave Renewable S.L. (“Nclave”) to make Nclave a wholly-owned subsidiary of Trina Solar.
Back in May of 2018, Trina Solar acquired a 51% stake in Nclave and became the first Chinese photovoltaic company to acquire an overseas solar tracker system company. The acquisition of the remaining equity is an important strategic deployment for Trina Solar, and will further enhance the company’s comprehensive market competitiveness.
The Nclave smart tracker is one of the core hardware products in Trina Solar’s one-stop smart photovoltaic solution, TrinaPro. Launched in 2018, TrinaPro provides comprehensive solutions for owners and developers by offering project design and engineering services that meet the owners’ needs for integrated delivery. Since its launch, TrinaPro has provided high-value solutions to various photovoltaic power stations, greatly reducing their BOS costs while increasing system power generation capabilities. With excellent brand influence, products, and services, TrinaPro has achieved rapid growth, and the demand for it has doubled in the overseas market.
With the PV industry entering the era of ultra-high power, Trina Solar has released the industry’s first 500W+ one-stop solution – TrinaPro Mega. Based on TrinaPro, TrinaPro Mega is equipped with 500W+ ultra-high power modules to further improve the overall performance of the solution and reduce the cost of electricity.
Founded in 1999, Nclave specializes in the design, manufacturing, installation, and maintenance of fixed tilts and solar trackers. With more than 5 GW developed worldwide, offices on the five continents, and more than 300 projects carried out, Nclave offers its clients a product of optimal quality with the most advanced technology, thereby achieving a better performance in each project. They adapt to any request and provide custom-made solutions to their clients. In the fields of operation and maintenance guidance, its core components and structural designs have obtained many international patents in Europe, America, Spain, and other countries or regions.
According to GTM Research’s “Global PV Tracker Landscape Report 2019”, PV tracker market growth rate reached 66% in 2019, significantly higher than 24% in 2017 and 36% in 2018. In the report, Nclave is listed as a “Top 10 Photovoltaic Tracker of 2019”, only one other Chinese company made it into the top 10.
After the completion of the acquisition, Trina Solar will provide high-quality tracker products to the global market relying on Nclave’s industry-leading technological innovation advantages and rich experience in tracker R&D, production, and sales.
Wu Qun, Secretary of the board of directors of Trina Solar, said after the acquisition that, “Nclave’s technology accumulation in the field of smart trackers combined with Trina Solar’s State Key Laboratory’s leading technology research and development in the field of photovoltaics will further enhance our one-stop solutions as well as the efficiency of our tracker products. Trina Solar will continue to optimized integration and promote the synergy between ultra-high module products and Nclave solar tracker products in order to meet the core needs of customers and create greater value for customers.”
About Trina Solar (ticker symbol: 688599)
Trina Solar Co., Ltd., founded in 1997, is a world-leading provider of smart integrated photovoltaic (PV) solutions. The Company’s business spans the research and development, production and sale of PV modules, power plants and system products; PV power generation and operations and maintenance (O&M) services; the development and sale of smart microgrids and multi-energy systems; and energy cloud-platform operations. In 2018, Trina Solar pioneered the creation of an energy Internet of Things (IoT) brand, joining forces with the most advanced companies and research institutes in China and overseas to establish the Trina Solar Energy IoT Industry Development Alliance and the New Energy IoT Industry Innovation Centre, in addition to a New Energy IoT Research Innovation Platform. Through this energy IoT ecosystem, co-founded with multiple partners, the Company is committed to becoming the global leader in smart energy. On June 10, 2020, Trina Solar listed on the Shanghai Stock Exchange Science and Technology Innovation Board (STAR Market), becoming its first PV company dealing in PV products, PV systems and smart energy. For more information, please visit the Company’s official website: www.trinasolar.com.