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Published on February 21st, 2012 | by Zachary Shahan

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

February 21st, 2012 by  


 
trina honey solar panel

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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About the Author

is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director and chief editor. He's also the CEO of Important Media. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA] — after years of covering solar and EVs, he simply has a lot of faith in this company and feels like it is a good cleantech company to invest in. But he offers no investment advice and does not recommend investing in Tesla or any other company.



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