Funding and M&A Roundup: Trina Solar Secures $165 Million to Support IPP Transition

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September 18, 2024

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Trina Solar (Luxembourg) Holdings, a subsidiary of solar module manufacturer and smart energy solutions provider Trina Solar, secured a €150 million (~$165 million) revolving credit facility provided by Banco Santander. The funding will support the company’s downstream division, Trina Solar International System Business Unit (‘ISBU’), which develops utility-scale solar power and battery storage projects. The financing will also support ISBU’s transition to an Independent Power Producer.

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