CHANGZHOU, China, Nov. 7, 2014 /PRNewswire/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions, and services, today announced it completed the supply of 7.8 MW modules to power ten rooftop solar power plants in Thailand, which are developed by subsidiaries of Nathalin Welstar Energy Ltd.
A total of 31,200 Honey modules (TSM-PC05A) will be installed on Siam Global House rooftops across Thailand, a nation-wide home improvement and construction materials retailer. The installations are expected to provide an annual output of 8,000,000 kWh, which will account for 95% of the facilities' electricity needs. The rooftop solar projects are among the first distributed generation power plants in the Thai rooftop market since the Thai National Energy Policy Commission (NEPC) announced a feed-in tariff for rooftop solar power plants in July 2013. Revenue will be recognized in the fourth quarter of 2014.
"This is a significant development in the adoption of solar power in Thailand and we are delighted to provide our power-efficient and high-quality modules to support these rooftop solar projects," said Helena Li, Managing Director of Asia Pacific & Middle East Region at Trina Solar. "It demonstrates the growing demand for our products in emerging markets and broadens Trina Solar's global footprint. We are encouraged by the Thai government's efforts to promote green initiatives and are proud to support the development of solar energy in Thailand."
About Trina Solar
Trina Solar Limited (NYSE: TSL) is a global leader in photovoltaic modules, solutions and services. Founded in 1997 as a PV system integrator, Trina Solar today drives smart energy together with installers, distributors, utilities and developers worldwide. The company's industry-shaping position is based on innovation excellence, superior product quality, vertically integrated capabilities and environmental stewardship. For more information, please visit www.trinasolar.com.
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 its activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the Company; the Company's ability to operate as a public 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; demand in various markets for solar products; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; 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 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.
