Trina Photo voltaic revealed that it goals to lift CNY 8.8 billion ($1.3 billion) by issuing convertible company bonds. It stated it can use web proceeds from the operation to broaden n-type ingot capability at a brand new manufacturing facility in Xining, in China’s Qinghai province.
The manufacturing facility has an annual capability of 35 GW. The required funding for its development is about CNY 8.58 billion, of which CNY 6.28 billion comes from bond issuance.
Trina Photo voltaic stated it can manufacture two 15 GW phases. Completion is scheduled inside 24 months from the beginning of development.
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