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Trina Solar to make in India PV panels for US, EU - report

Solar panels. Featured Image: pornvit_v/Shutterstock.com

June 17 (SeeNews) - China-based company Trina Solar (NYSE:TSL) has plans to export solar products to the US and even to Europe from a 2-GW photovoltaics (PV) factory in India, a company official told Bloomberg.

Trina and Indian company Welspun Energy Ltd intend to build the USD-500-million (EUR 443.5m) manufacturing plant in Gujarat or in Andhra Pradesh state, Zhiguo Zhu, senior vice president of Trina Solar, was cited as saying. The project’s two phases will take about 18 months to complete.

Producing PV panels in India will allow Trina to escape the anti-dumping and anti-subsidy duties on Chinese imports to the US and the EU. Several other Chinese companies have also built production plants abroad, or are planning to do so.

According to Zhu, India could become Trina Solar’s biggest market outside China in the future. In 2015, he expects demand of up to 600 MW from there.

Three partnership deals between Chinese and Indian companies were announced in May. One was between Trina and Welspun, while the other two involved Indian business conglomerate Essel Group and Chinese solar products maker JA Solar Holdings (NASDAQ:JASO), and Sun Group and Canadian Solar Inc (NASDAQ:CSIQ).

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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