CHANGZHOU, China, Dec.10, 2015 /PRNewswire/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions, and services, is pleased to announce that it has signed a supply agreement with Toyo Engineering Corporation ("Toyo Engineering") to ship a total of 96.2 MW of solar modules to the Hosoe Mega Solar Project (the "Project"), which is developed by Pacifico Energy K.K. and expected to be the largest solar project in Kyushu, Japan.
The modules will be shipped starting from the fourth quarter of 2016 till January, 2018. The Project will be constructed on 140 hectares of land where a golf course was originally planned. The project is expected to commence commercial operations in the spring of 2018 and generate clean energy for up to 30,000 households, delivering annual CO2 emission savings of 68,200 tons compared with coal-generated power.
Ms. Ye Chen, President of Trina Solar Japan Ltd., commented, "We are thrilled to be partnering again with Toyo Engineering for another large supply agreement. We are delighted to see that the superior quality of our products alongside our extensive after-sales services has helped us maintain lasting business relationships with recurring customers. With cumulative installations of 6.5GW over the past three quarters, Japan remains one of the key markets for us, and the share of solar in the energy mix for the country is expected to further increase. We will carry on executing our growth strategies in the residential, mega solar and commercial segments while further diversifying our client base to expand our footprint in Japan's solar market. "
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-leading position is based on innovation excellence, superior product quality, vertically integrated capabilities and environmental stewardship. For more information, please visit www.trinasolar.com.
About Toyo Engineering Corporation
Toyo Engineering Corporation (TOYO) is one of the world's leading contractors. TOYO has actively deployed EPC business, and has successfully delivered large and complex projects on the segments of Energy, Oil Refining, Petrochemicals & Chemicals, and Infrastructure. TOYO has globally networked organization and assures clients that projects will be delivered safely, to a high-quality standard, and on schedule. For more information, please visit http://www.toyo-eng.com.
About Pacifico Energy K.K.
Pacifico Energy is a leading Japanese power plant development company focused on solar photovoltaic projects. Pacifico Energy covers all aspects of solar power plant development, including permitting, design, financing, construction, and asset management. Based in Tokyo, Pacifico Energy's strength is in its team and investment partners consisting of professionals with deep solar industry and energy experience. For more information, please visit http://www.pacificoenergy.jp/en/.
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.
SOURCE Trina Solar Limited