Trina Solar is expected to deliver to Mohring 130 MW of the Company's solar modules in the second and third quarter of 2011 at agreed prices in US dollars.
CHANGZHOU, China, May 17, 2011 /PRNewswire via COMTEX/ —
Trina Solar Limited (TSL) (“Trina Solar” or the “Company”), a leading integrated manufacturer of solar photovoltaic (PV) products from ingots to modules, today announced through its subsidiary, Trina Solar (Germany) GmbH, that it has signed a sales agreement with Mohring Energie GmbH (“Mohring”), a well-established German-based project developer and engineering, procurement and construction services company.
Under terms of the agreement, Trina Solar is expected to deliver to Mohring 130 MW of the Company’s solar modules in the second and third quarter of 2011 at agreed prices in US dollars. The modules are expected to be utilized for several projects, including one of Europe‘s largest photovoltaic plant installations in 2011. Initial shipments have already commenced.
“We are pleased to announce our partnership with Mohring, which demonstrates the trust and confidence in Trina Solar‘s ability to meet their key requirements,” said Mr. Jifan Gao, Chairman and CEO of Trina Solar. “Being selected as the exclusive partner for one of Europe‘s biggest solar plant installations is another important milestone for our brand’s success in the German market.”
“We are most pleased to have Trina Solar as our long-standing and reliable partner going forward as we continue our leadership growth in the field of renewable energies,” said Mr. Sascha Mohring, Managing Director of Mohring Energie. “Trina Solar is our preferred partner due to their excellent product quality, brand recognition and reliability.”
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL) is a leading manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that have developed a vertically integrated business model from the production of monocrystalline and multicrystalline ingots, wafers and cells to the assembly of high quality modules. Trina Solar‘s products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar‘s website at http://www.trinasolar.com.
About Mohring Energie GmbH
Founded in 2006 by Sascha Mohring, a widely recognized expert in renewable energies with more than 10 years experience, Mohring Energie GmbH is a well-established project developer and engineering, procurement and construction (“EPC”) services company based in Northern Germany. As a specialist for large PV power plants, Mohring Energie GmbH has developed, planned and installed more than 100 large PV power plants. For information about Mohring Energie GmbH, please see http://www.moehring-energie.de/.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company‘s ability to raise additional capital to finance the Company‘s activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the Company; the period of time for which the Company‘s current liquidity will enable the Company to fund its operations; general economic and business conditions; the volatility of the Company‘s operating results and financial condition; and other risks detailed in the Company‘s filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.