Trina Solar announced, this Tuesday (15), the acquisition of 49% of the remaining shares of Nclave, making the company a wholly owned subsidiary of the solar module manufacturer. In May 2018, Trina acquired 51% of Nclave's shares, making it the first Chinese photovoltaic company to acquire a foreign solar tracker system company.
According to the manufacturer, the acquisition of the remaining stake is an important strategic decision aimed at further strengthening the company's competitiveness in the sector. With the acquisition of the last shares, Trina will supply solar trackers to the global market, with the advantages generated by NClave's technological innovations, as well as its experience in the areas of R&D (Research and Development), production and sales of trackers.
“Nclave’s technology track record in the area of smart trackers, combined with leadership in photovoltaic research and development at Trina’s State Key Laboratory, will further enhance our complete solutions, as well as the efficiency of our solar tracker products,” said Wu Qun, secretary of the Board of Directors of Trina Solar.
“We will continue to optimize integration and promote synergy between Nclave ultra-high power modules and solar trackers, to meet the needs of our consumers and generate greater value for our customers,” concluded Qun.
Photovoltaic market and followers
According to the “2019 Global PV Tracker Landscape Report” by GTM Research, the solar tracker market growth rate reached 66% in 2019, up from 24% in 2017 and 36% in 2018. In the report, Nclave is listed as part of the “Top 10 PV Trackers of 2019”, with only one other Chinese company in the top 10.
