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Trina Solar Secures €150 Million Credit Facility to Support IPP Transition

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CHANGZHOU, China, Sept. 10, 2024 /CNW/ — Trina Solar (Luxembourg) Holdings S.A.R.L., a subsidiary of Trina Solar Co., Ltd., has secured a €150 million revolving credit facility from Banco Santander to accelerate the growth of its downstream division, Trinasolar International System Business Unit (‘ISBU’) focusing on the development of utility-scale solar power and battery storage projects. The financing will support ISBU’s transition to an Independent Power Producer (IPP). 

The facility is structured in two revolving tranches: a “non-recourse” tranche for assets under construction, and a “guaranteed” tranche for assets under development and acquisitions. It will primarily fund projects in Italy, Spain, the UK, France, and Germany.

Leonardo Lotti, Head of EMEA of ISBU, commented: “Historically, our focus has been developing, constructing, and selling the assets. Moving forward, we are expanding further into PPA organization, and asset operations, therefore enhancing value generation across the entire value chain.”

Linhui Sui, President of ISBU, commented: This credit facility marks a pivotal first step in our strategic transition from a project developer to an IPP. This shift not only accelerates our growth but also positions us as a long-term, strategic player.”

Bart White, Head of Energy EMEA, Structured Finance at Santander commented: We are delighted to support Trina Solar with this revolving financing that will boost their growth in Europe. Trina’s sizeable renewable pipeline will make a meaningful contribution to energy transition targets in Europe, while also supporting Trinasolar ISBU’s transformation into an IPP. This transaction is another step in Santander’s global commitment to facilitate €220 billion euros in green financing until 2030″ 

About Santander Corporate & Investment Banking

Santander CIB is Santander’s global division that supports corporate and institutional clients by offering tailored services and value-added wholesale products suited to their complexity and sophistication. It also adheres to responsible banking standards that contribute to the progress of society.

About Trinasolar ISBU 

Trinasolar ISBU is the downstream project development arm of Trina Solar. It operates across 15 countries worldwide and focuses on solar power and battery energy storage systems, with expertise in project development, EPC, finance, and asset management.

View original content:https://www.prnewswire.com/news-releases/trina-solar-secures-150-million-credit-facility-to-support-ipp-transition-302244607.html

SOURCE Trina Solar Co., Ltd

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Meet With Culture: Rediscovering the Hutong Culture in Beijing

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BEIJING, Dec. 22, 2024 /PRNewswire/ — Beijing, as a capital of five dynasties in history, preserves rich historical heritage, such as traditional buildings and hutongs (alleys). Yangmeizhu Xiejie, an alley in Xicheng District of Beijing, is regarded as one of Beijing’s ten most beautiful alleys for its historical charm, traditional culture and the shops with creative designs and products.

 

Since 2013, the government Xicheng District has been working on renovation of Yangmeizhu Xiejie, including the residences and shops along the alley, which is supported by the residents. After renovation, the shops maintain their original building styles while expanding new functions and space with creative designs, attracting investments from both home and abroad.

If take a walk in Yangmeizhu Xiejie, one can find a vibrant alley that blends traditional architecture with modern lifestyle and cultural creativity. Yangmeizhu Xiejie presents a scene of everyday life in Beijing’s alleys: clothes hung out in resident courtyard for drying, the hustle and bustle of vegetable markets, and smoke from kitchen chimneys.

The alley also gathers many cultural spaces that integrate traditional culture with contemporary design. Shopkeepers from both home and abroad have started their creative businesses in the alley, reflecting Beijing’s openness and inclusiveness. Each corner of the alley offers a glimpse into the local lifestyle and culture, making it an ideal destination for those who want to experience the authentic hutong culture.

When night falls, the alley restores to quiet again as tourists leave. Local residents continue to enjoy the leisure in the alley. The harmony is well maintained between the residents and neighboring business in the alley, promoting the sustainable development of the traditional Beijing lifestyle and moderate commercial activities.

Yangmeizhu Xiejie represents a successful case of Beijing’s effort to preserve its cultural heritage and promote innovation, serving as a living museum of the urban life in old Beijing.

Click the link below to follow Noel and explore the hutong culture of Beijing.
https://youtu.be/FzrJfKluBoE

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/meet-with-culture-rediscovering-the-hutong-culture-in-beijing-302337934.html

SOURCE Meet with culture

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A Bus Tour Across China | The First Inner Mongolia Shaomai Festival

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Inner Mongolia – Where Nature’s Purity Meets Culinary Excellence

BEIJING, Dec. 22, 2024 /PRNewswire/ — As the Dongzhi (Winter Solstice) approaches, a time as significant as the New Year itself, the spirit of reunion warms the heart of Hohhot (the Green City), inviting all to a feast of flavors and culture! Join us for a grand celebration where culinary artistry meets cultural heritage! On December 21, 2024, at 10:15 AM (Beijing Time), China Media Group, in collaboration with the Inner Mongolia Autonomous Region Agriculture and Animal Husbandry Hall, proudly presents an integrated media live broadcast: “A Bus Tour Across China | Where Each Shaomai Tells a City’s Story.” Amid rising steam and anticipation, the Inaugural Inner Mongolia Shaomai Festival unfolds spectacularly extending a warm invitation to all! Each carefully crafted shaomai embodies the essence of “Inner Mongolia – Where Nature’s Purity Meets Culinary Excellence.”

Live broadcast link: https://www.yspapp.cn/2XAN

View original content to download multimedia:https://www.prnewswire.com/news-releases/a-bus-tour-across-china–the-first-inner-mongolia-shaomai-festival-302337932.html

SOURCE China Media Group Mobile

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MagFone Christmas & New Year Sale: Unbeatable Discounts for the Holiday Season

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The festive season is upon us, and MagFone is here to make your holidays even brighter with an exclusive Christmas & New Year sale! From incredible discounts on best-selling products to special deals on new products, MagFone is the ultimate destination for holiday shopping. From December 18, 2024 to January 6, 2025, this sale offers up to 80% off discount for everyone. Let’s dive into the details of the most awaited sale of the year.

HONGKONG, Dec. 21, 2024 /PRNewswire-PRWeb/ — What Can You Get from MagFone Christmas & New Year Sale?

New arrival – Location Changer is only $1.99 to everyone in this MagFone Christmas & New Year Grand sales. Moreover, everyone can enjoy up to 80% OFF.

1. Best-Selling Products at Up to 70% OFF

Resolving various iOS system issues or unlocking locked Apple devices like iPhone and iPad by yourself at home with MagFone’s flagship products, now available at unbeatable prices. Best-selling products such as iPhone Unlocker, Activation Unlocker, and iOS System Recovery are up for grabs with discounts of up to 70% off. Don’t miss out on this chance to get MagFone’s best-selling products at jaw-dropping prices.

MagFone iPhone Unlocker at $20.95/month and $41.95/lifetime.MagFone Activation Unlocker at $20.95/month and $41.95/lifetime.MagFone iOS System Recovery at $17.95/month and $48.95/lifetime.

2. New Arrival to Get with Only $1.99

Whether you want to change your location on your mobile device or simulate GPS movement in various games, MagFone’s new product – Location Changer – is perfect for you. Designed for both iOS and Android users, this tool comes equipped with advanced location changing features, flexible movement speed, and customizable route. With only $1.99, it is a must-have for this Christmas sale if you have the demand to change your device location.

3. 4-in-1 Bundle to Maximize Your Savings

MagFone values all loyal customers and offers exclusive pers during the Christmas & New Year sale. A super 4-in-in bundle is at reduced prices, which enables you to get all products from MagFone with an 80% off discount. This bundle includes all the tools you need, whether you’re looking to resolve various system problems and unlocking issues or change iPhone and Android device’s location. Don’t miss this chance to get all MagFone products at unbeatable prices.

MagFone Christmas & New Year Sale is a limited-time event, running from December 18, 2024 to January 6, 2025. With discount this good, products are expected to get at the lowest price this year. Don’t wait until the last minute—start shopping now to get MagFone products at the best deals.

About MagFone:

MagFone is redefining tech innovation with state-of-the-art technology and intuitive design. Whether their flagship products like iPhone Unlocker or newly-released tools like Location Changer, MagFone products are built for performance and flexibility.

YouTube: https://www.youtube.com/@magfone

Facebook: https://www.facebook.com/magfone/

X: https://x.com/magfone

Media Contact

Olivia Wood, MagFone, 86 19186985874, support@magfone.com, https://www.magfone.com/

View original content to download multimedia:https://www.prweb.com/releases/magfone-christmas–new-year-sale-unbeatable-discounts-for-the-holiday-season-302337015.html

SOURCE MagFone

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