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M&A Deal Summary

Trina Solar Acquires Yunnan Metallurgical New Energy

On September 2, 2014, Trina Solar acquired renewable energy company Yunnan Metallurgical New Energy from Yunnan Metallurgical Group

Acquisition Highlights
  • This is Trina Solar’s 1st transaction in the Renewable Energy sector.
  • This is Trina Solar’s 2nd transaction in China.

M&A Deal Summary
Date 2014-09-02
Target Yunnan Metallurgical New Energy
Sector Renewable Energy
Buyer(s) Trina Solar
Sellers(s) Yunnan Metallurgical Group
Deal Type Divestiture

Target

Yunnan Metallurgical New Energy

China
Yunnan Metallurgical New Energy is committed to developing downstream solar power projects and currently has a 300 MW project under development in southern Yunnan province. Upon operation, it will become the largest single utility scale solar power plant in Yunnan and one of the largest in China. Construction of the 300 MW project is expected to begin in the third quarter of 2014. By combining the resources of strategic partners, Yunnan Metallurgical New Energy will also actively seek new project opportunities to expand its downstream pipeline.

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Buyer(S) 1

Buyer

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 2 of 5
Sector (Renewable Energy) 1 of 3
Type (Divestiture) 1 of 1
Country (China) 2 of 3
Year (2014) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-14 Hubei Hongyuan PV Science and Technology

Xiantao, China

Hubei Hongyuan PV Science and Technology Co. Ltd. is a manufacturer of PV solar cells, solar modules and engaged in the research and development of other PV solar products. The company was founded by Shenzhen S.C. in 2010 and has benefited from its parent company's technology resources and support. The company has an annual capacity of 50 MW.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-08 Shuntai Leasing

China

Shuntai Leasing (Changzhou) Co. Ltd. is one of the financing institutions under Changzhou Hi-Tech group and was the first leasing company in Changzhou High-tech Industrial Park. It specializes in the leasing of a full range of equipment and has different programs designed to fit differing customer needs. The company has built a new platform for enterprises in Changzhou to raise funds and has optimized financing channels in Changzhou City.

Buy -

Seller(S) 1

SELLER

Yunnan Metallurgical Group

Kunming, China
Category Company
Founded 1989
Sector Metals/Mining
DESCRIPTION

Yunnan Metallurgical Group Co. Ltd. engages in contracting of nonferrous metallurgical engineering and domestic bidding for international projects in China.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
Country (China) 1 of 1
Year (2014) 1 of 1
Mergr

Product

Company

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