Deals
Trina Sees Solar Mergers Quickening Pace as Projects Proliferate
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The pace of consolidation in the solar manufacturing industry will accelerate in the next three years as the cost of the technology declines and installations surge, the founder of the fourth-biggest solar-panel maker said.
Trina Solar Ltd. Chairman Jifan Gao said he expects three to five “leading” solar companies to remain in China by 2017, with 80 percent of the country’s market share. Currently, there are about a dozen companies with capacity to produce more than 1 gigawatt of solar cells a year.