Trina Solar just announced that it received $57 million worth of new credit facilities from China’s Standard Chartered Bank. The funding will help the company buy more raw materials and provide a buffer against foreign exchange risks. This brings Trina Solar’s total available credit up to $520 million from approximately $460 million.

In a company press release, Terry Wang, Trina Solar’s CFO, commented on the news:

“The credit facilities offer us greater flexibility to strengthen … Read the rest