ENERGIA LIMPIA XXI. Trina Solar (SHA:688599) today announced the transaction of nearly 1 GW solar PV projects portfolio in Europe and Latin America to The Rise Fund, a global impact investing fund managed by TPG. Trina Solar will provide project development, design, procurement and EPCM services of these projects to TPG. The total amount of the transaction is around $700 million.
A report carried by Energía Limpia XXI states that the solar PV projects included in the transaction are currently operational, under construction or in late stage development nearing ready-to-build status across Spain, Chile, Colombia, and Mexico. Based on different timing of reaching the status of being ready to build for each project, the total portfolio is expected to be delivered by the end of 2022.
TPG is one of the largest alternative asset firms with more than $79 billion assets under management worldwide. Ed Beckley, a Partner at TPG…
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