Trina Solar Acquires NClave Renewables, Adding Trackers to Its Portfolio

By [email protected] Trina Solar said Monday it will turn its partnership with Spanish tracker company NClave Renewables into a full-blown purchase.

The acquisition of NClave marks the first time a Chinese company has purchased a solar tracker producer not based in China, a nod to the globalization of the tracker market. According to GTM Research, the market has become less concentrated, with the top-four vendors responsible for 64 percent of global shipments in 2016 as compared to 74 percent in 2015.

“Trina’s acquisition is the latest in a long line of investments in the global solar tracker industry,” said Scott Moskowitz, a senior solar

Read Full Article Here

For more great articles: Greentech Media: Headlines

(Visited 10 times, 1 visits today)



© 2014 RenewaNews