Trina Solar sells 10.6 MW PV plant in UK to funds managed by Foresight Group

The utility-scale Trehawke PV plant utilizes 41,404 Trina Solar TSM-255-PC05A modules
The utility-scale Trehawke PV plant utilizes 41,404 Trina Solar TSM-255-PC05A modules

Trina Solar Limited (Changzhou, China) on October 10th, 2014 announced that it signed an agreement on September 30th, 2014 to sell the Company's 10.6 MW solar photovoltaic (PV) power plant located in Trehawke, UK to funds managed by Foresight Group LLP (Sevenoaks, UK). The revenue from the sale of the Trehawke power plant is expected to be recognized in Q3 2014.

This is the first of two Trina Solar UK PV projects that connected to the grid in Q1 2014. The utility-scale Trehawke PV plant utilizes 41,404 Trina Solar TSM-255-PC05A modules. The PV plant generates 10,300 MWh of solar power every year, Trina Solar notes.

 

Foresight invests in operational assets built by tier one PV system developers

"We are delighted to acquire the 10.6 MW PV power plant located in Trehawke, Cornwall from Trina Solar, which has a successful track-record of delivering value to its clients," said Ricardo Piñeiro, Director and Head of UK Solar at Foresight.

"The transaction is consistent with Foresight's strategy to invest in high quality operational assets built by world-leading tier one solar power system developers, such as Trina Solar and which offer stable returns for our investors. This transaction with Trina Solar showcases the strength of working with a partner with international credentials.”

 

Trina Solar expects PV plants totaling 49.9 MW to be completed in the UK Q1 2015

"This is an exciting step forward for Trina Solar's overseas downstream expansion and underscores our continued momentum in the UK," added Jifan Gao, CEO of Trina Solar.

"Successful completion of this sale will allow us to redeploy resources on other projects and to further expand our pipeline in the UK. We currently have an additional 49.9 MW project under construction in the UK expected to be completed in Q1 2015, which has attracted the interest of several potential buyers. We look forward to more sales in the near future and will continue our project development through the outstanding efforts of our company and local strategic partners."

 

2014-10-13 | Courtesy: Trina Solar Limited | solarserver.com © Heindl Server GmbH

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