This is the first time that any Chinese solar firm has acquired a solar tracker producer outside of its home market.
Chinese solar giant Trina Solar has successfully closed the acquisition transaction of the Spanish solar tracker system maker Nclave Renewable S.L.
The transaction will strategically transform Trina Solar from a leading PV product supplier to a global smart PV solution provider.
Further, this is the first time that any Chinese solar firm has acquired a solar tracker producer outside of its home market.
The move will also marks the company’s strategic transformation into an enterprise focused on the development of alternative and renewable energy solutions that work in concert with the Internet of Things (IoT) ecosystem.
Through this acquisition, Trina Solar’s latest TrinaPro smart PV solutions will directly incorporate Nclave’s tracker products and engineering designs, while on the other hand Nclave’s leading-edge technologies will also be deeply integrated into Trina Solar’s smart solutions.
Meanwhile, by the end of 2017, Trina Solar’s total module shipments had exceeded 32GW, ranking first in the world. The company has recently developed TrinaPro, a proprietary utility-scale smart PV solution for large power stations as well as commercial and residential solutions, energy storage systems and photovoltaic modules.