Trina Solar Supplies PV Modules for Large Scale China Solar Project

Dec 22, 2010, 08:00 ET from Trina Solar Limited

CHANGZHOU, China, Dec. 22, 2010 /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, announced today that its subsidiary, Changzhou Trina Solar Energy Co. Ltd, previously signed a supply agreement with CECEP Solar Sheyang Power Company, a subsidiary of China Energy Conservation and Environmental Protection Group ("CECEP"), for a ground-mounted solar project in China.

Under the terms of the agreement, Trina Solar has been supplying PV modules for the construction of a ground mounted solar project of approximately 20 MW located in Sheyang, Jiangsu Province, China. Additionally, together with local partners, the Company has been designing and managing the construction and development of the project. The project is expected to be completed by the end of December 2010.

The solar power station is believed to be one of the largest solar projects being built in China in 2010. The installation uses an optimized combination of both fixed and single-axle tracking systems and will be a useful platform on which to evaluate the performance of monocrystalline and multicrystalline module performance on a large scale basis.

"We are excited to partner with CECEP Solar Sheyang Power Company to supply our high quality solar PV modules for the development of this large scale solar PV power plant in China," said Mr. Jifan Gao, Chairman and CEO of Trina Solar. "This is an important and significant milestone in the development of China's solar industry as Trina Solar continues to actively promote the adoption of large scale solar projects and solutions as part of its commitment to creating sustainable PV solutions."

"We are very pleased to partner with one of the industry's PV leaders on this landmark project powered by Trina Solar's high performance products and system integration capabilities," said Mr. Cao Huabing, General Manager of PV Solar Business of CECEP. "We look forward to continue building our partnership with Trina Solar to develop more large scale solar projects in China."

About Trina Solar Limited

Trina Solar Limited (NYSE: TSL), through its wholly-owned subsidiary Changzhou Trina Solar Energy Co. Ltd., is a leading 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 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 CECEP

China Energy Conservation and Environmental Protection Group, referred to CECEP, established in 1988 in response to the second oil crisis. Since its establishment, CECEP has been working to promote energy saving and environmental protection technology and projects. It is responsible for the investment of RMB 23 billion yuan in national energy conservation capital construction projects, brings more than RMB 30 billion yuan local investment, promotes 13 major categories, and accomplished more than 3,000 major projects.

CECEP is a state-owned enterprise, which is fully sponsored and owned by the central government. The corporation has 172 wholly owned and holding subsidiaries with over 30,000 employees which is the strongest, largest and most competitive industry group in the field of energy conservation and environmental protection in China.

CECEP currently covers three major business areas: Energy conservation and Emission Reduction services, environment protection (treatment of waste water, solid waste and waste gas), clean technology and new energy.

Currently, it has formed a strong core competitiveness and has achieved annual energy-saving capacity of 1.6 million tce, annual reduction of COD 75 thousand tons, annual reuse of industrial waste for more than 2 million tons, annual reduction of co2 emission 5 million tons. By the year of 2012, CECEP plans to reach RMB 100 billion yuan in total assets, RMB 50 billion yuan in total revenue, RMB 5 billion yuan in total profits and projects to develop annual energy conservation capacity of 4.25 million tce, annual reduction of COD 400 thousand tons and annual reduction of co2 12 million tons.

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

SOURCE Trina Solar Limited



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