M&A Deal Summary

Matrix Renewables Acquires Trina Solar-1GW of Solar PV Projects

On July 1, 2020, Matrix Renewables acquired renewable energy company Trina Solar-1GW of Solar PV Projects from Trina Solar

Acquisition Highlights
  • This is Matrix Renewables’ 1st transaction in the Renewable Energy sector.
  • This is Matrix Renewables’ 1st transaction in Spain.

M&A Deal Summary

Date 2020-07-01
Target Trina Solar-1GW of Solar PV Projects
Sector Renewable Energy
Buyer(s) Matrix Renewables
Sellers(s) Trina Solar
Deal Type Divestiture

Target

Trina Solar-1GW of Solar PV Projects

Spain
Trina Solar's 1GW of Solar PV Projects included in the transaction are currently operational, under construction or in late stage development nearing ready-to-build status across Spain, Chile, Colombia, and Mexico.

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Buyer(S) 1

Buyer

Matrix Renewables

Madrid, Spain

Category Company
Founded 2020
Sector Renewable Energy
DESCRIPTION

Matrix Renewables is a renewable energy platform comprised of 2.1 GW of operational, under construction, or near ready-to-build solar PV projects and a further 2.7 GW pipeline of renewable energy projects under development, across the US, Europe, and Latin America. Matrix Renewables was founded in 2020 and is based in Madrid, Spain.


DEAL STATS #
Overall 1 of 3
Sector (Renewable Energy) 1 of 3
Type (Divestiture) 1 of 3
Country (Spain) 1 of 1
Year (2020) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-07 Gaskell West

Kern County, California, United States

Gaskell West consists of 2 and 3 project of 105 MWac solar plus 80 MWh energy storage based in Kern County, California.

Buy -

Seller(S) 1

SELLER

Trina Solar

Changzhou, China

Category Company
Founded 1997
Sector Renewable Energy
Employees43,031
Revenue 113.4B CNY (2023)
DESCRIPTION

Trina Solar is a provider of photovoltaic modules, solutions and services. Trina Solar was founded in 1997 and is based in Changzhou, China.


DEAL STATS #
Overall 1 of 2
Sector (Renewable Energy) 1 of 2
Type (Divestiture) 1 of 2
Country (Spain) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-21 Nclave

Madrid, Spain

Nclave is a designer, manufacturer, installation and maintenance of solar trackers and fixed-tilt structures worldwide. Nclave was founded in 2017 and is based in Madrid, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-06 Trina Solar - 5 GW Solar Module Manufacturing Facility

Wilmer, Texas, United States

Trina Solar's 5 GW Solar Module Manufacturing Facility is a 5 GW, U.S. solar cell manufacturing facility.

Sell $340M