CHANGZHOU, China, Jan. 12, 2015 /PRNewswire/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions, and services, today announced the grid connection of its 90 MW solar power plant located in Toksun, Xinjiang province, China.
Approximately 300,000 of Trina Solar's high efficiency modules with outputs ranging from 295 Wp to 310 Wp were installed in the 90 MW solar power plant in Xinjiang province. The solar power plant will be able to generate up to 118 million kWh of electricity per year, mitigating 108,300 tons of carbon dioxide emissions. Once operational, the 90 MW solar power project in Toksun is expected to be one of the largest single unit solar power plants in the Xinjiang Uygur Autonomous Region. The power plant has been granted a 20-year subsidy of 0.95 RMB/KWh.
"The successful grid connection of this large-scale solar power project demonstrates the seamless execution of the Trina Solar team through all phases of project development. We feel very proud that this power plant will generate both job opportunities and clean, renewable energy in Toksun region," said Mr. Jifan Gao, Chairman and CEO of Trina Solar. "We are also delighted to add one more large solar power project to our existing project portfolio which we believe will bring a stable return for years to come. With the knowledge gained through developing, designing, building and operating large utility-scale solar projects, we are strengthening our capabilities to win more opportunities and bring more solar power projects online in 2015."
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