Press releases

Frankfurt am Main, 25.01.2024

Trina Solar, a leader in smart PV and energy storage solutions, has successfully sold an operational solar park with the capacity of approximately 3 MWp situated in the Czech Republic. The project has been acquired by a consortium of private investors. Specific financial details of the transaction have not been disclosed. Frankfurt-based consulting firm Capcora served as the M&A advisor for this deal, which was successfully concluded in December 2023. On the legal side, Trina Solar ISBU, a global leader in the development and management of solar projects, was advised by CMS.

The project, which is located in the district of Louny, Czech Republic, went online in November 2010 and is still benefitting from a fixed feed-in tariff. In total, the project can provide renewable energy to 1,000 households.

In 2010, the Czech Republic saw a substantial surge in its solar capacity, reaching almost 2,000 MW. However, growth stalled for the following decade. Now, there's a gradual resurgence in the market, driven by the Czech National Energy and Climate Plan (NECP) 2030 target, aiming to add 1.8 GWp of capacity, bringing the national PV capacity to 4 GWp by 2030.

Starting in 2021, the PV market has seen a revival, thanks to investment subsidies from the European Union's Modernization Fund, high electricity prices and enhance energy security. These factors are expected to drive the installation of at least 5.75 GWp of new capacity by the end of the decade, significantly exceeding the NECP targets.

About Trina Solar:

Founded in 1997, Trina Solar Co., Ltd. (stock symbol: Trina Solar; stock code: 688599) is mainly engaged in PV products, PV systems and smart energy. With innovation-driven development as its most important strategy and core driving force, Trina Solar has more than 4000 patent applications to date and is committed to leading the way in smart PV and energy storage solutions, facilitating the transformation of new power systems for a net-zero future. By the third quarter of 2023, Trina Solar’s cumulative shipments of PV modules had exceeded 170GW, equivalent to planting 12.5 billion trees worldwide. www.trinasolar.com

About Capcora:

Capcora is an independent financial advisory boutique specializing in M&A and project finance services to accelerate the energy transition in Europe. Founded in 2015, the Frankfurt-based company helps its clients succeed in the renewable energy and infrastructure sectors by advising them on sell-side and buy-side transactions, and by raising mezzanine, unitranche or senior debt.