Agreement with Huanghe Hydropower Development Co., Ltd for two ground-mounted solar projects in China for a total of 30 MW PV modules.
CHANGZHOU, China, Aug. 4, 2011 /PRNewswire via COMTEX/ —
Trina Solar Limited (NYSE: TSL) (“Trina Solar” or the “Company”), a leading integrated manufacturer of solar photovoltaic (PV) products from the production of ingots, wafers and cells to the assembly of PV modules, announced today that its subsidiary, Changzhou Trina Solar Energy Co. Ltd, has signed supply agreements with Huanghe Hydropower Development Co., Ltd (“Huanghe Hydropower”), a subsidiary of China Power Investment Corporation, for two ground-mounted solar projects in China for a total of 30 MW PV modules.
Under the terms of the agreement, Trina Solar will supply approximately 20 MW of PV modules for the Golmud project, of which delivery commenced in June and is expected to extend through August of this year. The Company is also expected to supply approximately 10 MW for the Henan project located in China‘s Qinghai Province, of which delivery is expected to start from August and continue through October of this year.
“We are pleased to expand our business relationship with Huanghe Hydropower and supply world class solar products for PV projects under development in China,” said Mr. Jifan Gao, Chairman and CEO of Trina Solar. “This relationship is an excellent opportunity to showcase Trina Solar‘s outstanding product quality and extend the company’s strength in the Chinese market. Our cooperation with Huanghe Hydropower is expected to expand further as both parties continue to actively explore possibilities for collaboration on additional projects.”
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL), through its wholly-owned subsidiary Changzhou Trina Solar Energy Co. Ltd., 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 silicon 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 Huanghe Hydro Development Co., Ltd
Established in October, 1999, Huanghe Hydropower Development Co., Ltd. (‘Huanghe Hydropower’) is a large-scale integrated energy company owned by China Power Investment Corporation. Currently, the company engages mainly in the development and construction of power plants; the production and operation of the power plant; the production of silicon and solar power equipment and the production and selling of aluminum products. For more information, please visit http://www.hhsd.com.cn.
About China Power Investment Corporation
China Power Investment Corporation is one of the five Gencos in China and a comprehensive energy group integrating industries of power, coal, aluminum, railway and port. Possessing assets in hydropower, thermal power, nuclear power and new energies, it is one of the three companies in China that can develop, build and operate nuclear power plants. CPI was founded in 2002. For more information, please visit http://eng.cpicorp.com.cn/.
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.