Published on February 21st, 2012 | by Zachary Shahan1
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%.