Chinese photovoltaics (PV) manufacturer Trina Solar has established a subsidiary in Thailand to construct a $160m cell and module production facility.
Trina Solar Science & Technology (Thailand) will build the facility in Rayong. It will produce 500MW of modules and 700MW of cells.
The new facility, which is expected to start production in late 2015 or early 2016, will expand Trina Solar’s existing manufacturing capacity to meet increasing demand in emerging markets.
The company’s investment in Thailand will help create new jobs, support local economic development, and further develop the solar industry.
Trina Solar COO and president of module business unit Zhiguo Zhu said: “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.
“Besides, Thailand is also a particularly attractive PV market given its sunny environment, long-term PV subsidies, and favorable government policies towards the solar sector.”
In 2007, Thailand adopted a feed-in tariff system for renewable energy sources to diversify its energy portfolio.
Source: http://solar.cleantechnology-business-review.com/news/trina-solar-to-build-160m-manufacturing-facility-in-thailand-070515-4570945
