Boston, MA 08/15/2014 (wallstreetpr) – The China-based solar-power products manufacturer, Trina Solar Limited (ADR) (NYSE:TSL) on August 13, 2014 proclaimed that it has acquired a U.K. based utility-scale ground-mounted power project. The acquisition of the 49.9 MW project from Good Energy Group PLC is indeed a strategic move of Trina.
The 49.9 MW PV Power Plant:
The 49.9 MW solar photovoltaic power plant of Good Energy is located at the West Raynham in Norfolk. The company is received the planning consent of the power plant in the month of January of this year. However, U.K. based company will use high-quality photovoltaic (PV) modules in the project.
The company has scheduled to start the development of electricity from the 3Q of this year. In fact, the solar power plant is projected to be linked to the national grid by the 1Q of 2015. Upon the completion of the project, almost 14,000 homes will receive emission free solar power every year.
Prediction of 50GW of solar energy by 2014:
In the present circumstance with the rise of price of non-renewable fuels, the demand of solar energy is growing at a rapid pace. The U.K Company is completing with the European solar market along with Italy and Germany’s solar market. A report by NPD Solarbuzz says that within 2014, the PV industries will generate 50GW of power. Japan and U.K. will play a crucial role in meeting the worldwide solar energy demand.
History of Trina:
Trina Solar Limited (ADR) (NYSE:TSL) in past has proved its significant presence in the U.K. In the month of April 2014, two PV power plant of Trina with a total generation capacity of 23.77MW were connected to the grid, in the U.K.
Earnings call:
Trina Solar Limited (ADR) (NYSE:TSL) has scheduled a conference call to disclose the earnings of 2Q on August 26, 2014 around 8:00 am.
