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.