CHANGZHOU, China, June 25 /PRNewswire-Asia/ -- 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 it is expected to supply PV modules to the University of Queensland ("UQ") St Lucia campus in Brisbane, Australia, to be used for a 1.2 MW solar system which will be installed on the rooftops of four university buildings.
The solar system will be developed by Ingenero, Australia's leading renewable energy company specializing in solar power. The large-scale installation will provide UQ with a significant source of clean green energy and is expected to be a resource for students and staff, who will study the array's performance and collaborate with Trina Solar as part of the University's drive to help develop next-generation solar technologies. Trina Solar also expects to work together with UQ on several cutting edge solar technology research projects going forward.
The Queensland Government is contributing a grant of AUD1.5 million towards the AUD7.75 million project, which will feature the 1.2 MW solar PV installation, and will be capable of producing 1,750 MWh of electricity a year.
"The Australian solar market has enormous potential and Trina Solar is pleased to be selected by The University of Queensland to be a partner in this significant project installation," said Ku Jun Heong, Director of Sales and Marketing Asia Pacific. "We are proud to be supplying modules to the largest and most powerful rooftop solar arrays in Australia and we believe this marks the beginning of a promising future for large-scale solar energy in Australia."
"The UQ solar power installation represents the leading edge of commercial and industrial scale solar energy in Australia. The University will substantially reduce its carbon footprint and provide an excellent learning facility for the future leaders in the renewable energy industry," said Ingenero CEO Steve McRae.
Professor Paul Meredith, who leads the research project at the University of Queensland said: "Not only is this array a significant piece of energy infrastructure for UQ, but it also represents a globally leading research and teaching facility. Our objective is to integrate the array into everyday business across UQ and also provide the community, industry and government with vital information on how to deploy and optimize solar energy systems at this scale. We are looking forward to building productive and expansive research partnerships with Ingenero and Trina Solar. "
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 Ingenero
Ingenero is a leading Australian renewable energy company specializing in solar power. Ingenero develops utility scale solar power stations using a variety of world class solar technologies. Using innovative solar power purchase agreements, Ingenero enables commercial and industrial customers and local government entities to install solar panels on the roofs of their buildings without the need for up-front capital investment. Ingenero also supplies and installs PV and solar hot water systems to residential customers and communities, with an industry leading system guarantee and tailored finance packages. For further information, please visit Ingenero's website at http://www.ingenero.com.au .
About The University of Queensland
The University of Queensland (UQ) is one of Australia's premier learning and research institutions. It is the oldest university in Queensland and has produced generations of graduates who have gone on to become leaders in all areas of society and industry. The University is a founding member of the national Group of Eight, an alliance of research-strong "sandstone" universities committed to ensuring that Australia has higher education institutions which are genuinely world class. For further information, please visit UQ's website at http://www.uq.edu.au .
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, Senior 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
