Trina Photo voltaic revealed that it goals to boost CNY 8.8 billion ($1.3 billion) by issuing convertible company bonds. It mentioned it’s going to use internet proceeds from the operation to increase n-type ingot capability at a brand new manufacturing unit in Xining, in China’s Qinghai province.

The manufacturing unit has an annual capability of 35 GW. The required funding for its development is about CNY 8.58 billion, of which CNY 6.28 billion comes from bond issuance.

Trina Photo voltaic mentioned it’s going to manufacture two 15 GW phases. Completion is scheduled inside 24 months from the beginning of development.

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