CHANGZHOU, China, May 12 /PRNewswire-Asia-FirstCall/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic (PV) products from ingots to modules, today announced through its subsidiary, Trina Solar (Switzerland) AG, has become a sponsor of the Renault F1 Team, a new partnership that is expected to increase Trina Solar's global brand awareness while promoting the wide-scale adoption of sustainable technologies.
The sponsorship will take the form of on-car logo branding on the nose of the R30 race car, ensuring excellent opportunities for worldwide marketing exposure. Furthermore, this partnership will showcase day-to-day applications of solar PV technology in various high-visibility areas of the Renault F1 Team operations including the team's paddock motorhome and VIP hospitality facilities.
Trina Solar and the Renault F1 Team will also conduct a joint analysis and evaluation program to assess how Trina Solar technologies can be integrated into the operations and ongoing upgrades of the Renault F1 Team's Enstone production facilities in a performance-proven, cost-effective manner.
"Trina Solar is thrilled to partner with the Renault F1 Team to bring solar PV to the world of Formula One racing," said Mr. Jifan Gao, Chairman and CEO of Trina Solar. "With F1's proven ability to boost brand awareness, we look forward to working with Renault F1 Team at Formula One events around the world to spur the development and adoption of sustainable technologies."
As the world's most prestigious sport, Formula One embodies the spirit of technological innovation. As one of the world's largest, most technologically progressive solar PV companies, Trina Solar has selected the Renault F1 Team as a strategic partner because of the Renault Group's demonstrated commitment to green automotive technologies. By partnering with the Renault F1 Team, Trina Solar hopes to help elevate the status and widespread adoption of solar PV, while contributing to Formula One's progressive transformation into a more sustainable and greener enterprise.
"We are delighted to welcome Trina Solar onboard as a new partner of the Renault F1 Team," said Renault F1 Team Chairman Gerard Lopez. "Trina Solar is the sport's first major sponsor from the domain of environmental technologies and we are also proud to welcome a global renewable energy company to the sport. We are excited about the development of this new relationship in three directions: first, to use Formula One as a global platform for promoting the adoption of advanced technologies; second, to explore how Trina Solar can increase value to the Renault F1 Team's operations while simultaneously allowing the team to reduce its environmental impact; and third, to explore mutual opportunities through Helios Max, a Genii Capital portfolio company specialised in project design and engineering for solar panel technology."
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 Renault F1 Team
In the world of Formula 1, the Renault F1 Team represents a unique proposition: an innovative win-win partnership between the enterprising commercial spirit of Genii Capital and the proven motorsport pedigree of Renault, the only mass-market manufacturer to ever win the Formula 1 World Championship. The vision for the team combines on-track sporting success, underpinned by uncompromising engineering excellence, with a fresh commercial approach to the sport, delivering unique value to team partners and enabling meaningful synergies through a unique business-to-business platform. The Renault F1 Team embodies Renault's proud motorsport heritage and Genii Capital's vibrant vision for the sport's future, driven by a singular goal: victory in the FIA Formula 1 World Championship. To find out more, visit: http://www.renaultf1.com .
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: [email protected]
Brunswick Group
Caroline Jinqing Cai
Phone: +86-10-6566-2256
Michael Fuchs
Phone: +86-10-6566-2256
Email: [email protected]
SOURCE Trina Solar Limited
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