Trina Solar Announces Increased Module Shipments with ENERQOS in Italy
PR Newswire
CHANGZHOU, China, March 12
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
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