Trina Solar, the Chinese leading supplier of global solutions for the photovoltaic sector, has reached an agreement to acquire a controlling interest in Nclave.
This agreement consolidates the strategic one signed this March between both companies; an engagement to jointly develop, commercialize and install integrated solutions for the photovoltaic sector with Nclave’s advanced photovoltaic tracker.
This corporate transaction reinforces Nclave’s position in the photovoltaic tracker market; and boosts the company’s growth plans. This change will enhance Nclave’s strategic plan and global positioning by increasing its already wide client portfolio. Nclave bankability and financial backing also receive a huge boost with the entry of Trina Solar as the new controlling share holder.
Trina Solar Limited, founded in 1997, is one of the leading companies in the solar sector worldwide. Currently, the company is immersed in an ambitious transformation process with the aim of becoming one of the main suppliers of global solutions in the solar sector. The company´s leading position in the industry is based on innovation excellence, high quality products, vertically integrated capacities and an environmentally efficient, responsible management.
This March, which marks the company’s twentieth anniversary, Trina Solar launched the TrinaPro solution; offering an optimized integration of modules-trackers-inverter, with the objective of reducing the LCOE for photovoltaic installations. Nclave will design and integrate trackers and solar structures within the TrinaPro intelligent solutions.
Nclave was founded by the Clavijo Family and integrated the company with MFV in 2017 together with the participation of the fund Q-Growth. Nclave has over 12 years of experience in renewable energy, having provided more than 2.5 GW’s worth of structures worldwide. It currently has its headquarters in Madrid (Spain), commercial offices on five continents and manufacturing facilities in Navarra (Spain).
Nclave is a leading company in the development, design, manufacturing, installation and maintenance of fixed structures and photovoltaic solar trackers, including completed design services for all foundation solutions. Nclave will continue to offer the widest range of products (fixed structures and single and multi row trackers with any configuration) to the market at large for all photovoltaic solar projects. Nclave solutions represent the minimum investment, installation, operations, and maintenance costs for solar projects today.