Photo: Trina Solar

Eyeing downstream funding, Trina buys into Shuntai Leasing

Trina Solar will acquire a minority stake in a subsidiary of the state-owned company responsible for developing Changzhou city, in a move aimed at improving Trina’s access to finance – and perhaps government contracts – for downstream PV development.

8 December 2014 15:38 GMT Updated 27 September 2016 5:50 GMT

By Karl-Erik Stromsta in New York

Trina on Monday said it will buy a 28% stake in Shuntai Leasing, which has a total registered capital of $50m, and is a subsidiary of Changzhou Hi-tech Group Co. The share transfer is to be completed within the next few weeks.

The deal will strengthen Trina’s relations with Changzhou Hi-tech Group Co., Shuntai’s majority owner.

According to Trina, Changzhou Hi-tech Group Co.

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