21 January 2019

Trina sees pick-up in solar sector consolidation, Bloomberg says

The solar manufacturing industry will see consolidation moves gather pace in the next three years as the cost of the technology declines and installations surge, Bloomberg News quoted Trina Solar Ltd. chairman Jifan Gao as saying. In an interview at the World Economic Forum in Davos, Switzerland, Gao was quoted as saying that he expects three to five “leading” solar companies to remain in China by 2017, holding 80 percent market share. Currently, there are about a dozen companies with capacity to produce more than 1 gigawatt of solar cells a year. “Consolidation will continue,” Gao is reported to have said on Jan. 25. “We’ve only seen the first stage. That will be a good situation. This will be achieved by mergers and acquisitions.”

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