Trinasolar enters into a strategic partnership to support the development of RE100 in South Korea

Seoul, South Korea, May 29, 2024 /PRNewswire/ — Trinasolar, a global leader in smart photovoltaic and energy storage solutions, has signed a memorandum of understanding (MOU) with two Korean companies to implement solar projects in Korea with a total capacity of 100 MW by the end of 2025, which will help accelerate development of RE100 in the country.

It has signed a memorandum of understanding with renewable energy consultancy CSC Energy and engineering, procurement and construction (EPC) company SolarTEQ.

This alliance aims to empower clean energy companies through the development of large-scale, ground-mounted solar power plants. The MoU establishes a framework for cooperation, leveraging the strengths of each party to specifically target the rapid development of the RE100 initiative in South Korea.

RE100 is a global movement bringing together large and ambitious companies committed to obtaining 100% electricity from renewable sources.

Li NaGeneral Manager of Trinasolar Asia Pacific Israel, Japan and Korea; Chang Seok LeeDirector of SolarTEQ and Hyungum Cho, CEO of CSC Energy, signed a Memorandum of Understanding South Korea.

“This agreement represents a significant opportunity for Trinasolar to contribute to the growing RE100 movement in South Korea” Li said. “By combining our strengths with our local partners, we are confident that we can develop and deliver successful solar projects that meet the needs of RE100 companies, accelerating South Korea transition to clean energy.”

Trinasolar will contribute its cutting-edge solar module technology to the project. CSC Energy will offer project development, financial and technical expertise, as well as RE100 demand matching services. SolarTEQ will manage the procurement of solar modules and other key project components.

South Korea has ambitious goals for a sustainable future, aiming to be carbon neutral by 2050. This agreement directly supports these goals, enabling companies to achieve their RE100 targets.

About Trinasolar

Founded in 1997, Trinasolar Co., Ltd. (stock symbol: Trinasolar; stock code: 688599) is mainly engaged in photovoltaic products, photovoltaic systems and intelligent energy. Photovoltaic products include research and development, production and sales of photovoltaic modules. Photovoltaic systems consist of power plants and system products. Smart energy mainly covers the generation and operation and maintenance of photovoltaic energy, smart energy storage solutions, smart microgrids, and the development and sale of multi-energy systems. With the strategic goal of “Creating a new industrial ecosystem led by Trinasolar and promoting Trinasolar as a leader in smart photovoltaic and energy storage solutions”, we are committed to lead in smart photovoltaic and energy storage solutions and facilitate the transformation of new power systems for the future net zero. ON June 10, 2020, Trinasolar was listed on the Science and Technology Innovation Council (STAR ​​​​Market) of the Shanghai Stock Exchange (SSE). It is the first solar and energy storage company to go public on the STAR market, providing solar products and systems as well as smart energy.