Trina Solar, a Chinese company, has successfully obtained a six-year green loan worth $235 million to fund the construction of a solar panel factory located just 15 miles outside of Dallas. Standard Chartered acted as the sole lead structuring bank and bookrunner for this non-recourse senior secured term green loan facility. They also served as the coordinator for this project and were involved in arranging funds, lending money, and acting as hedge counterparty.
The purpose of this loan is to support Trina Solar in developing, building and operating their new factory which will cover an area of 1.35 million square feet in Wilmer. The plant will have seven assembly lines with an annual production capacity of 5 GWdc (gigawatts direct current). It will manufacture three types of solar panels suitable for utility-scale projects, commercial buildings and industrial facilities, as well as residential use.
This new factory is expected to create around 1,500 job opportunities within the local community. It will be situated in Tradepoint 45 West industrial hub which is currently being constructed near Sunrise Road on I-45’s west side.
