CHANGZHOU, China, July 9 /Xinhua-PRNewswire-FirstCall/ -- Trina Solar Limited (NYSE: TSL) (“Trina Solar” or the “Company”), an integrated manufacturer of solar power products based in Changzhou, China, announced today several contract wins to supply solar photovoltaic (PV) modules with an aggregate output of up to 99MW to key accounts in Europe over the next two to three years. Initial shipments have been made on each of the contracts.
"Our recent contract wins demonstrate our success in targeting large and medium-sized companies, including PV system integrators, distributors and wholesalers," remarked Mr. Arturo Herrero, Trina Solar’s Director of Sales & Marketing. “These contract wins are also an important step for Trina Solar to continue gaining brand recognition in some of the most strategic solar PV markets in Europe and positions Trina Solar well to further expand its presence in these important markets.”
During the first half of 2007, Trina Solar made significant progress towards consolidating its position in Germany and penetrating the solar PV markets in Spain and Italy. The Company’s contract wins during the period include:
-- 6MW contract with Enerpoint in Italy to supply solar modules over the
next three years
-- 22MW to 33MW contract with Tecnospot in Italy to supply solar modules
over the next three years
-- 20MW contract with Enereco in Italy to supply solar modules over the
next three years
-- 40MW contract with IBC Solar in Germany to provide IBC with solar
modules over the next two years, extendable to a higher volume
“We are extremely pleased with our progress in the European market in general and with our very strong presence in the fastest growing solar PV module markets in Spain and Italy," said Mr. Jifan Gao, Trina Solar’s Chairman and CEO. "Our outlook remains positive, and as we enter the seasonally stronger quarters of the year and continue to expand our geographic footprint into new markets, we anticipate significant growth in revenues as we establish Trina Solar as one of the top global solar products companies."
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL), through its wholly-owned subsidiary Changzhou Trina Solar Energy Co., Ltd., is an integrated solar PV manufacturer based in China. The company began research and development efforts in solar products in 1999 and in 2002 it started the system integration business. The company moved into the assembly of solar modules in 2004 as well as the manufacturing of monocrystalline ingots, wafers and cells in 2005, 2006, and 2007, respectively. The company’s solar modules provide reliable and environmentally-friendly electric power for residential, commercial, industrial and other applications worldwide. The company sells its products to customers around the globe, including a number of European countries, such as Germany, Spain and Italy, where government incentives have accelerated the adoption of solar power. For further information, visit the company’s website at http://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. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. 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, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
For more information, please contact:
Trina Solar Limited
Mr. Sean Shao, CFO
Tel: +86-519-548-6752 (Changzhou)
Mr. Thomas Young, Director of Investor Relations
Tel: +86-519-548-6752 (Changzhou)
Email: ir@trinasolar.com
CCG Elite Investor Relations
Mr. Crocker Coulson, President
Tel: +1-646-213-1915
Email: crocker.coulson@ccgir.com
Ed Job, CFA
Tel: +1-646-213-1914
Email: ed.job@ccgir.com
