International. Trina Solar announced the acquisition of the remaining 49% of shares of Nclave Renewable Sociedad Limitada ("Nclave") to convert the latter into a wholly owned subsidiary of Trina Solar.
In May 2018, Trina Solar acquired a 51% stake in Nclave and became the first Chinese PV company to acquire an overseas solar tracking systems corporation. The acquisition of the remaining capital is an important strategic deployment for the company and will further enhance the brand's broad competitiveness in the market.
The Nclave smart tracker is one of the key hardware products of Trina Solar's comprehensive smart PV solution, TrinaPro. Launched in 2018, TrinaPro provides comprehensive solutions for project owners and developers by offering design and engineering services that meet their needs for end-to-end delivery.
With the PV industry entering the era of ultra-high energy, Trina Solar has launched the industry's first comprehensive solution of over 500 Watts: TrinaPro Mega. Based on the TrinaPro system, TrinaPro Mega is equipped with modules that reach that great power to further improve the overall performance of the solution and reduce the cost of electricity.
Founded in 1999, Nclave specializes in the design, manufacture, installation and maintenance of fixed levelers and solar trackers. It has more than 5 GW developed worldwide, offices on five continents, and more than 300 projects carried out.
According to GTM Research's "Solar Photovoltaic Tracking Global Vision Report," the PV tracker market grew on average by 66% in 2019, significantly larger than the 24% in 2017 and 36% in 2018. In the report, Nclave was listed within the "Top 10 pv Trackers of 2019", only one other Chinese company was named within that category.
After completing the acquisition, Trina Solar will provide high-quality solar tracking products to the global market, relying on Nclave's industry-leading technological innovation advantages and extensive experience in Tracker Research and Development, production and sales.
Wu Qun, Secretary of the Board of Directors of Trina Solar, said after the acquisition that "Nclave's accumulation of technology in the field of smart trackers, combined with the research and development of leading technical knowledge of Trina Solar's State Key Laboratory in the field of photovoltaics, will further enhance our comprehensive solutions, as well as the efficiency of our tracking products. Trina Solar will continue to optimize integration and promote synergy between Nclave's ultra-high-power module products and solar tracking products to meet customers' core needs and to create greater value for them."
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