Trina Solar Limited, a Chinese-based global solar PV company, has announced that it has set up a subsidiary company in Thailand to build a manufacturing facility with 500 MW of module and 700 MW of cell production capacity. Trina Solar will invest US$160 million in the facility, which is located in Rayong, Thailand. Production at the plant is projected to commence in late 2015 or early 2016.
Mr. Zhiguo Zhu, COO and President of Module Business Unit of Trina Solar, commented: “Thailand is an ideal location for us to build a new manufacturing base due to its proximity to key emerging markets in the Asia Pacific region as well as its favorable investment environment in terms of land acquisition and labor costs. The new factory will serve to diversify and expand Trina Solar’s existing manufacturing capacity to meet growing demand from both our established key markets and emerging markets.
Industry analysts believe the impact of US anti-dumping duties and the the skyrocketing demand for solar panels in the U.S. is behind this move to Thailand. Other Chinese solar companies that are moving manufacturing and assembly operations out of China to circumvent the U.S. import duties are: Zhongli Talesun who is also building a 500MW integrated solar cell and modules assembly plant in Rayong, Thailand and JinkoSolar who are locating their new facility in Malaysia.
Tracey is an accountant and entrepreneur with a passion for nature. This passion is what spurred her interest in renewable energy, and the rest is history as they say. Tracey is a principal in Energy Think Group, the publisher of Solar Thermal Magazine and Tek-Think. She is also the principal at Women's Financial Help Desk. She spends her free time in the outdoors with her horses and dogs. She loves to travel.