U.S. new energy developer, NextEra Energy, has secured a deal with Chinese Trina Solar, for the procurement of 4 gigawatts in large solar modules enforced with top-notch technology, the Chinese company announced this Friday.
The contract signed between the two companies contemplates large-size photovoltaic modules that use 210-nanometer silicon wafers. Deliveries will start during 2022 and through 2023.
Although no financial details were disclosed, the Changzhou-based company said parties would agree on pricing on further months; as price of silicon wafers for solar modules tend to swing due to demand. So, Trina Solar and NextEra Energy would agree on pricing on a monthly basis.
After the agreement was announced, Trina’s stock shares jumped 6%, according to Chinese media. They ended the day at CNY$23,50, around USD$3,64 each.
Trina Solar has become one of China’s top suppliers and developers for large-scale silicon wafer solar cells, as solar investment has been growing rapidly all over the world, and specially in China, where the market is expected to grow around 12% between 2020-2025.
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According to Mordor Intelligence, China is the largest market in the world for Solar PV; it has a cumulative installed capacity of 35,4% of the world’s total market in 2018; plus, more than 25 GW are annually added to the country’s grid.
Last August, Trina Solar unveiled it would invest CYN$6,8 billion (around USD$1,05 billion) to build a 18,5GW solar module plant in Yancheng, and a smaller 8 GW plant in nearby Suqian.
As for NextEra Energy, the company has become America’s largest capital investor in infrastructure, with $55 billion investment in new infrastructure developments, planned through 2022.
As we reported previously, is NextEra Energy the one to build Montana’s largest wind farm, the Clearwater Wind project.
Clearwater wind farm would reach Rosebud, Custer and Garfield counties in Montana, as it will plug into the grid at Colstrip substation, targeting the markets in the Pacific Northwest. It will provide up to 750 MW of clean energy, which makes it the biggest wind farm in the state.