Trina Solar Gets $100-Million Loan for High-Efficiency “Honey” Solar Cell Launch

February 21st, 2012 by Zachary Shahan

Back in September, Andrew wrote on Trina Solar setting a “new world record for electricity produced by a multicrystalline solar PV module” using Trina’s unique “Honey” solar cell technology. Now, the company has apparently impressed Standard Chartered Bank China enough to get a $100-million, 3-year loan to launch the product. If needed, the loan could be extended for another 2 years.

“The three-year loan from Standard Chartered will support the company’s East Campus project, which is expected to add about 500MW of solar cell and module production capacity,” the UK’s Business Green writes.

Due to greater surface area, reduced resistance, and being less reflective than traditional solar panels, Trina Solar claims its product has an efficiency of nearly 16%.

Source: Business Green
Photo Credit: Trina Solar

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Tags: honey solar cells, multicrystalline solar cells, multicrystalline solar panels, multicrystalline solar PV, quickies, Trina, trina solar

About the Author

Zachary Shahan spends most of his time here on CleanTechnica as the director/chief editor. Otherwise, he's probably enthusiastically fulfilling his duties as the director/editor of Solar Love, EV Obsession, Planetsave, or Bikocity. Zach is recognized globally as a solar energy, electric car, and wind energy expert. If you would like him to speak at a related conference or event, connect with him via social media. You can connect with Zach on any popular social networking site you like. Links to all of his main social media profiles are on ZacharyShahan.com.

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