Citicore Renewable Energy Corp. (CREC) said Tuesday it signed a supply contract with Trinasolar, a global leader in smart PV and energy storage solutions for 2-gigawatt solar modules.
Under the agreement, Trinasolar will supply Vertex N 720W Series (NEG21C.20) solar modules to CREC for the rollout of its next 2 GW of capacity and part of the company’s readiness to implement the government’s priority renewable energy programs including projects under the Green Energy Auction.
These are part of CREC’s goal to deliver 5 GW of renewable energy capacity in five years and Trinasolar’s largest contract in the country.
“With our first gigawatt nearing completion, we are now paving the way for our next two gigawatts of solar projects through this newest supply contract with Trinasolar. Our continuing partnership —now totaling 3GW—underscores our commitment to efficiency and innovation in powering a first-world Philippines with pure renewable energy,” said CREC president and chief executive Oliver Tan in a statement.
“This 2GW supply contract, our largest in the Philippines to date, highlights the deep trust and shared vision between Trinasolar and Citicore. Citicore is an invaluable partner in our mission to advance renewable energy, and we are honored to support their ambitions with our cuttingedge solar solutions. Together, we’re not only meeting the Philippines’ energy needs but also setting a new benchmark for sustainable progress in the region,” said Helena Li, Trina Solar executive president.
Trinasolar’s Vertex N 720W Series employs an industry-leading 210mm platform and n-type i-TOPCon Advanced cell technology which has a higher efficiency compared to p-type models.
These high power, low voltage panels provide better Leverage Cost of Energy (LCOE) – ultimately maximizing energy efficiency and yield, and ensuring long-term reliability.
Trinasolar is listed on the Science and Technology Innovation Board (STAR Market) of the Shanghai Stock Exchange (SSE). It is the first PV and energy storage company that has gone public on the STAR Market providing PV products.
