Trina Solar Supplies 36MW of High Efficiency Modules to Large-Scale Chile Solar Project
CHANGZHOU, China, April 24, 2014 /PRNewswire/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions, and services, today announced it has signed an agreement to supply 36MW of high efficiency TSM-PC14 modules to a large-scale PV project in Chile.
Trina Solar's TSM-PC14 module is IEC certified to 1,000V and is ideal for large-scale installations in areas prone to high temperatures and dry conditions. The Company expects to complete the shipment in the second quarter of 2014.
"We are delighted to support this project and bring clean power to Chile," said Mr. Zhiguo Zhu, president of Trina Solar's module business unit. "Chile's vast desert with abundant solar resources creates significant potential for solar energy. We are enthusiastic about the prospects for solar energy in Chile and look forward to increasing our supply of modules to support the local solar industry. Our penetration into Chile's solar market also supports our market diversification strategy."
Mr. Zhiguo Zhu, president of Trina Solar's module business unit, added, "We are privileged to be working with our long term strategic partner, a leading international solar company with a number of projects under development through its global network. We are pleased to be delivering our high efficiency modules for its solar power project development in Chile. We look forward to continuing this strong strategic partnership and to further supporting the expansion of our customer's footprint in solar power projects worldwide."
Upon completion,the 36MW Trina solar modules are expected to generate approximately 97,000 MWh of solar electricity annually, enough to mitigate 48,600 metric tonnes of CO2 per year, equivalent to taking more than 10,800 cars off the road.
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL) is a global leader in photovoltaic modules, solutions, and services. Founded in 1997 as a PV system integrator, Trina Solar today drives smart energy together with installers, distributors, utilities, and developers worldwide. The company's industry-shaping position is based on innovation excellence, superior product quality, vertically integrated capabilities, and environmental stewardship. For more information, please visit 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. 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 its activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the Company; the Company's ability to operate as a public 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; demand in various markets for solar products; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; 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 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.
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SOURCE Trina Solar Limited