Trina Solar snaps up China's Hubei

Trina Solar has struck its second deal in three months to acquire a lower-tier Chinese PV company, underscoring both the consolidation pressure gripping China’s solar industry and the newfound urgency among profitable players to expand production.

The deal will see Trina buying a 51% stake in Hubei Hongyuan PV Science and Technology Co., a PV cell maker, with current owner Shenzhen S.C. New Energy Technology Corporation – a maker of PV production equipment – holding onto the remaining 49%.

Hubei Hongyuan will change its name to Hubei Trina Solar, and will beef up its cell capacity to 420MW by mid-2014.

The deal follows Trina’s announcement in November that it would acquire a module factory in Changzhou from a different lower-tier player that will be ramped up to Log in to read complete article.

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