CHANGZHOU, China, March 12 /PRNewswire-Asia-FirstCall/ -- 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, today announced that its subsidiary, Changzhou Trina Solar Energy Co., Ltd., has increased its yearly shipments to ENERQOS SPA ("ENERQOS"), a leading Italian photovoltaic system and solar power plant construction company headquartered in Monza with offices across Italy, France and Greece.
Under the terms of the agreement signed in November 2009, Trina Solar is increasing its 2010 committed quantity to ENERQOS to 23 MW of PV modules in 2010 from 2 MW in 2009. Shipments include 13 MW and 10 MW of PV modules for the first and second half of 2010, respectively, with agreed prices for the first and second quarter of 2010.
"We are excited to expand our relationship with ENERQOS, a leading European engineering company which provides traditional EPC services, as well as high value added services and system integration capabilities," said Ben Hill, Vice President of Sales and Marketing (Europe) at Trina Solar. "This strategic combination of Trina Solar's high quality modules and ENERQOS's extensive field experience and expertise in supplying turnkey solar systems solutions will allow Trina Solar to realize market share gains across rapidly growing photovoltaic markets in Europe."
"We are very pleased to partner with Trina Solar, a top-tier manufacturer, and to integrate its technology in the design of high performance PV systems," said Mauro Marcucci, CEO of ENERQOS. "This is in line with our strategy to constantly offer new engineering solutions, developing a wide range of Value Added Services in order to grant superior systems performances in the long run. Moreover this partnership with one of the major players in the PV market will allow Enerqos to ensure a greater security of modules supply to our customers."
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL), through its wholly-owned subsidiary Changzhou Trina Solar Energy Co. Ltd.,is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since its foundation 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 ENERQOS SPA
Enerqos is one of Italy's largest turnkey suppliers of solar systems and plants. Its headquarters are located in Monza (MI) and the company has offices in Rome, Navacchio (Pisa), as well as subsidiaries in France and Greece. The company was created four years ago by a group of managers with relevant international experience, and has succeeded in establishing itself as a key player in the solar parks and PV systems industry in Europe. Recently, Climate Change Capital, a private equity fund specialised in renewable energies and energy efficiency, invested �10M in the company. For further information please contact marketing@enerqos.com or visit our website at http://www.enerqos.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 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.
For further information, please contact:
Trina Solar Limited
Terry Wang, CFO
Phone: +86-519-8548-2009 (Changzhou)
Thomas Young, Director of Investor Relations
Phone: +86-519-8548-2009 (Changzhou)
Email: ir@trinasolar.com
Brunswick Group
Caroline Jinqing Cai
Phone: +86-10-6566-2256
Michael Fuchs
Phone: +86-10-6566-2256
Email: trina@brunswickgroup.com
