TRINA SOLAR



		0.7% Based in Jiangsu Province, China, Trina Solar Limited (Trina Solar) is an integrated solar photovoltaics (PV) manufacturer, differentiated by a vertical integration strategy and the ability to use recycled silicon. Since its inception in 1998, the company has changed from a solar systems integrator to a company covering most of the PV crystalline silicon value chain, from silicon ingots, wafers and modules to system integration.

In May 2006, VenFin invested $1.5 million for a 1.3% direct shareholding in Trina Solar as part of a consortium led by the Milestone China I Fund that invested a total of $40 million for a 34% shareholding. These proceeds, together with cash raised during a very successful initial public offer (IPO ) on the NYSE in December 2006, are being used for establishing cell manufacturing capacity and working capital.

In June 2007, VenFin sold 14% of its direct shareholding in Trina Solar at an effective price of US$43 per American Depository Receipt (ADR), compared to the US$7 per ADR paid in May 2006. The ADRs traded at US$54 at the end of June 2007, which translated into a US$1.4 billion market capitalisation for Trina Solar.

Trina Solar currently sells its products to customers in Europe, Taiwan and China.