Credit will be used to finance operations of Trina Solar’s PV manufacturing plant in Bac Giang, Vietnam
Trina Solar Science & Technology, part of China-based Silicon Module Super League (SMSL), has secured a 30 million USD credit facility with one of Vietnam’s four largest commercial banks, VietinBank.
The credit will be used to finance operations at Trina Solar’s PV manufacturing plant in Bac Giang, Vietnam, which went into operation at Van Trung Industrial Park in early 2017. It has 800MW of module assembly capacity and 1GW of cell capacity.
VietinBank Head Office deputy general manager and executive director Tran Minh Binh said, “We have witnessed Trina Solar plant’s entire development journey from starting construction to going into mass production in Bac Giang. We at both the head office and the Bac Giangbranch are confident in the partnership with Trina Solar, which is renowned for its operational efficiency and brand excellence. With the favorable new energy policies enacted by Vietnamese government, we have reasons to believe that Trina Solar will be a great success in Vietnam.”
Trina Solar treasury director Tian Hong added that Trina Solar will continue to increase its investment in Vietnam and extend the partnership with VietinBank to include investment in local downstream power stations and engineering, procurement and construction (EPC) services.