CHANGZHOU, China, Sept. 28 /Xinhua-PRNewswire-FirstCall/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules founded in 1997, announced today that it has entered into an agreement with the Italian company EniPower.
This contract is the result of a letter of intent signed in April 2007 by Trina Solar’s CEO, Mr. Jifan Gao, and EniPower’s CEO, Mr. Enrico Grigesi. Both parties agreed then to establish a long term business relationship where among others Trina Solar would supply EniPower with high quality PV modules. A 1MW contract has been already signed with an option of an additional 5MW for the rest of the contract period.
"Trina Solar is pleased to have entered into this important agreement with EniPower and to continue expanding the brand in the Italian market," remarked Mr. Arturo Herrero, Vice-President of Sales & Marketing of Trina Solar. "The solid background of EniPower as a pioneer in the power industry together with Trina Solar’s high quality modules and experience in the PV sector will contribute to the development of the Italian PV industry.”
This agreement is an important milestone for Trina Solar as it continues to strengthen its brand in Italy’s growing PV market. Recent regulations to promote solar PV installations in Italy make Italy one of the most attractive markets in the solar PV industry today.
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 it was founded in 1997 as a system installation company. Trina Solar is currently one of the few PV manufactures that has developed a vertically integrated business model from the production of monocrystalline ingots, wafers and cells to the assembly of high quality modules. This integrated value chain helps to ensure that high quality products can be delivered to its end customers around the globe, including a number of European countries, such as Germany, Spain and Italy. Trina Solar’s solar modules provide reliable and environmentally-friendly electric power for residential, commercial, industrial and other applications worldwide. Trina Solar successfully completed its initial public offering on the New York Stock Exchange in December 2006 and its ADSs are traded under the ticker symbol TSL. For further information, please visit Trina Solar’s website at http://www.trinasolar.com .
About EniPower:
EniPower belongs to the company Eni and is focused on power generation. Eni is an international company active in approximately 70 countries with a staff of over 72,000 employees. The Company is listed on the Milan and the New York stock exchanges (NYSE). Its operating activities include oil, natural gas, electricity generation, engineering and construction and petrochemical businesses. For more information about this company visit their website: http://www.enipower.eni.it .
For more information, please contact:
Trina Solar Limited
Sean Shao, CFO
Tel: +86-519-8548-6752 (Changzhou)
Thomas Young, Director of Investor Relations
Tel: +86-519-8548-6752 (Changzhou)
Email: ir@trinasolar.com
CCG Elite Investor Relations
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
