Boston, MA 09/29/2014 (wallstreetpr) – Trina Solar Limited (ADR) (NYSE:TSL)’s push for geographical diversification in terms of operation synergies has received a major boost after the company was selected for two mega projects in Turkey and Ecuador. The company has confirmed that it will be supplying 11.7MW worth of modules for solar plants in the two countries
Increase Demand from Customers
The agreement will see Trina Solar Limited (ADR) (NYSE:TSL) supplying its TSM-PC 14 300W 72 cell modules with a total capacity of 5.8 MW for a plant located in Antalya, Turkey. Facilities in Ecuador will, on the other hand, be equipped with modules able to generate up to 5.9MW. The agreement comes in the wake of Trina Solar announcing it was trying to work at full-capacity to meet increasing. The giant chances solar company has already completed shipments of products for the two projects.
Turkey and Equator remain strategic markets for Trina Solara according to the company’s head for EU and Africa, Ben Hill as the two countries remain rich in terms of solar resources. The two countries climatic conditions also offer conducive environments for solar power plants according to Hill. The company is looking to expand operations further away from China a move that is to be’ aided by a line rich of quality products.
Expansion Plans
Trina Solar Limited (ADR) (NYSE:TSL) expects its solar capacity to grow by 11.8% this year to a high of 3.8 Gigawatts at the back of the ongoing global diversification efforts. There has already been suggestions that the company will need to expand further, to meet the growing demand. China Solar installations are already growing faster than earlier thought, expected to clock highs of 150MW by 2020.
As of the end of the second quarter, the company was operating at a capacity of 3.4GW and expects to add between 400MW and 500MW by the end of the year.
