Chengzhou, China, [RenewableEnergyWorld.com] Trina Solar Limited has announced its decision to discontinue the development of its previously announced 10,000 ton polysilicon production facility. The company also announced that its related equipment supply contract with GT Solar Incorporated, which was subject to final approval by the boards of both companies, will lapse as a result, with the concurrence of both parties. The plant was expected to cost an estimated US $1 billion.
In a statement, the company said that as a result of recent favorable changes in the polysilicon supply environment, it now believes it has greater access to polysilicon feedstock to support its growth objectives. To address its forward polysilicon requirements, Trina will now sign long-term contracts as a means to meet its strategic supply needs. It will also consider strategic investment options in future polysilicon projects.
“We have made this strategic decision after careful assessment of our raw material requirements, in conjunction with recent and favourable long-term polysilicon market and supply condition developments,” said Jifan Gao, Trina Solar’s Chairman and CEO. “Furthermore, we wish to reaffirm our strong working relationship with our partner GT Solar, which continues to provide us with advanced multicrystalline technology platforms to support our target of 350 megawatts (MW) of annualized module capacity by the end of 2008.”