SMM: on September 8, 2020, Trina Solar Energy Co., Ltd. (hereinafter referred to as "Trina Solar" or "the Company") announced the acquisition of Nclave Renewable S.L. (hereinafter referred to as "Nclave") the remaining 49% equity, after which Nclave will become a wholly-owned subsidiary of Trina Solar.

Trina Solar acquired a 51 per cent stake in Nclave in May 2018, the first case of a Chinese photovoltaic company acquiring an overseas tracking support company. The acquisition of the remaining stake is an important strategic deployment of Trina Solar, which will further enhance the company's comprehensive market competitiveness.

Another leap in the strength of the solution

Nclave intelligent tracking bracket is one of the core hardware products of Tianhe intelligent superior (TrinaPro) intelligent photovoltaic one-stop solution. In 2018, Trina Solar launched Trina Intelligent Optimum, which provides comprehensive solutions for owners and developers by providing project design and engineering services to meet the integrated delivery needs of owners. After the launch of Trina Intelligent Optimum, it has contributed a high-value solution to more photovoltaic power stations, greatly reduced the cost of BOS and increased the power generation of the system. With excellent brand influence and excellent products and services, Tianhe Intelligent matching business has achieved rapid growth, and the demand in overseas markets has doubled.

In 2020, when the photovoltaic industry entered the ultra-high power era, Trina Solar released the industry's first 500W overall solution-Trina Intelligent optimal TrinaPro Mega solution, which is equipped with 500W + ultra-high power components on the basis of Trina Intelligent optimal TrinaPro, to further improve the overall performance of the solution and reduce kilowatt-hour cost in terms of product selection and integrated design. TrinaPro Mega has been widely concerned by the market since it was launched.

Build the world's leading tracking bracket provider

Founded in 1999, Nclave is a veteran support enterprise in Spain and one of the first photovoltaic tracking support enterprises in the world. It has 19 years of experience in photovoltaic tracking support development, production and engineering design. With its high reliability, advanced technology and high-quality engineering design capabilities, Nclave has a foothold in the international market and operates in more than 20 countries on five continents around the world. Its business scope covers engineering design, manufacturing, installation guidance, on-site project management, operation and maintenance guidance and other fields of tracking brackets. Its core components and structural design have won a number of international patents in Europe, America, Spain and other countries or regions.

According to the 2019 Global Photovoltaic Tracker Market Analysis released by GTM, the photovoltaic tracker market grew by 66 per cent in 2019, up from 34 per cent in 2017 and 36 per cent in 2018. In the analysis, Nclave entered GTM's "Top 10 Photovoltaic tracking brackets in 2019" list, while there is only one Chinese company in this list. After the completion of the acquisition, relying on the industry's leading technological innovation advantages and rich experience in stent research and development, production and sales, Trina Solar will provide high-quality stent products for the global market.

Wu Qun, secretary of the board of directors of Trina Solar, said that after the completion of this acquisition, the technology accumulation of Nclave in the field of intelligent tracking bracket, combined with the leading technology research and development of Trina State key Laboratory in the field of photovoltaic, will further improve the efficiency of Trina intelligent optimal solutions and bracket products. Trina Solar will continue to promote the coordination and optimal integration of high-power module products and Nclave photovoltaic tracking support products, and adhere to customer-centered. Continue to promote the innovation of tracking bracket products and the optimization of photovoltaic smart energy solutions to meet the core needs of customers and create greater value for customers.

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