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CHANGZHOU, China - Trinasolar International System Business Unit (ISBU), a subsidiary of Trina Solar Co., Ltd, has entered into a 20-year power purchase agreement (PPA) with Equinix, a global data center provider. Under the agreement, Trina ISBU will supply solar power from the Yufutsu Abira Project in Hokkaido, Japan, starting from the third quarter of 2028. According to InvestingPro data, Trina Solar, with a market capitalization of approximately $5 billion, is currently trading below its Fair Value, suggesting potential upside for investors interested in the renewable energy sector.
The 30MW solar power project is a strategic move for Trinasolar ISBU, marking its first corporate solar power agreement in Japan and a significant transition towards becoming a clean energy supplier. The PPA supports Equinix’s sustainability goals and its commitment to reducing carbon emissions in its operations. While Trina Solar’s revenue reached $11 billion in the last twelve months, the company has experienced a 29% year-over-year decline, highlighting the importance of such strategic partnerships for future growth.
Feng Chen, Representative Director and Country Head of Trinasolar ISBU Japan, expressed pride in the collaboration with Equinix, emphasizing the importance of establishing partnerships that advance Japan’s green energy transformation.
Equinix Japan’s Managing Director and President, Kuniko Ogawa, highlighted the increasing energy demands of data centers due to the rapid expansion of digital technologies like AI. She stated that Equinix’s first PPA in Japan enables customers to meet their decarbonization targets, knowing their data center operations at Equinix will be powered by renewable energy.
Trinasolar ISBU, known for its expertise in developing utility-scale photovoltaic and battery energy storage projects, is transitioning from a developer to a global independent power producer (IPP). This move is expected to enhance its role in the clean energy sector.
Equinix, listed on Nasdaq as EQIX, is recognized as a leader in digital infrastructure, providing platforms for digital leaders to interconnect foundational infrastructure rapidly. The company prioritizes sustainability as part of its mission.
This partnership between Trinasolar ISBU and Equinix represents a commitment to renewable energy and sustainable practices within the technology and energy industries. Despite recent stock price declines of 8% in the past week, analysts remain optimistic about Trina Solar’s prospects, with InvestingPro offering additional insights through its comprehensive analysis tools and over 30 financial metrics. The information in this article is based on a press release statement and financial data from InvestingPro.
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