Trina Solar gets $100m finance boost for Honey cell roll-out

China’s Trina Solar has obtained a three-year loan facility of up to $100m to fund the roll-out of its high-efficiency Honey cell.

The finance from Standard Chartered Bank will also support a 500MW expansion of Trina’s cell and module production capacity.

Laboratory tests confirmed by TUV Rheinland last year showed that a module with 60 Honey cells reached a record 274 Watt peak, says Trina.

It claims a typical flat rooftop system using Honey-based modules could produce over 18% more electricity per year than one with standard panels.

The loan may be drawn down in single or multiple tranches within the first 12 months. Each tranche is for a term of up to 36 Log in to read complete article.

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