Aquila Clean Energy EMEA, part of German investment firm Aquila Capital, has entered into a framework agreement with China’s Trina Solar Co Ltd (SHA:688599) to secure 800 MW of photovoltaic modules for some of its projects in Southern Europe.
The companies’ joint statement on Tuesday revealed that the agreement encompasses various projects that Aquila Clean Energy EMEA is currently developing in the region. These projects are scheduled for delivery in 2023 and 2024.
“This agreement allows us to weather market fluctuations with confidence and to develop our portfolio under competitive conditions, using efficient technologies in our projects,” commented Aquila Clean Energy EMEA CEO Susanne Wermter.
The partnership will open avenues for broader collaborations between Aquila Clean Energy and the Chinese solar technology manufacturer. These may involve an increase in volume, the use of other Trina Solar solutions, such as batteries and solar trackers, expansion into other markets, and establishing a long-term strategic framework, the parties said in the press release.
Aquila Clean Energy EMEA manages a portfolio of around 10.3 GW in Europe, focusing on wind, solar and battery storage. It has projects under development, construction and operation across multiple countries.
