Trina Solar acquires Spanish Nclave and enters the tracker segment

Photovoltaic equipment manufacturer announces acquisition of 49% of Nclave's remaining shares

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% from Nclave 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 latest 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 the 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 “Global Photovoltaic Tracker Scenario Report 2019” by GTM Research, the growth rate of the solar tracker market reached 66% in 2019, higher than the 24% reached in 2017 and 36% in 2018.

In the report, Nclave is listed as part of the “Top 10 Photovoltaic Trackers of 2019”, with only one other Chinese company in this top 10.

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Matthew Badra
Journalist graduated from PUC-Campinas. He worked as a producer, reporter and presenter on TV Bandeirantes and Metro Jornal. Has been following the Brazilian electricity sector since 2020.

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