CHANGZHOU, China, April 27, 2015 /PRNewswire/ -- Trina Solar
Limited (NYSE: TSL) ("Trina Solar"
or the "Company"), a global leader in photovoltaic ("PV") modules,
solutions and services, today announced that it has signed a
strategic cooperation framework agreement with the Administrative
Committee of the Hefei Xinzhan General Pilot Zone to develop up to
300 MW of distributed generation ("DG") solar power and related
projects in Hefei, Anhui Province.
The first phase of the project consists of a 30 MW commercial
rooftop project, on which the Company will start construction in
the second quarter of 2015 and will be one of the largest single-unit
commercial rooftop project in China once completed. The 300 MW project will
be developed in Heifei City, a pioneer in promoting local DG solar
power development and had a great amount of installed capacity of
DG solar power in China as of the
end of 2014. The Xinzhan General Pilot Zone is the primary area for
PV industry development in Hefei,
and will assist Trina Solar to gain
local government support. In return, Trina
Solar will use its leading technology, human resource,
products, and industry leading
position to help further develop DG solar power projects in
Hefei.
"This partnership is a strong strategic fit and marks the first
significant step in our journey to build on our DG solar power
business this year," commented Mr. Jifan
Gao, Chairman and CEO of
Trina Solar. "China's ongoing efforts to promote clean
energy with supportive policies and reinforcement of the DG solar
power projects development have resulted in increasing awareness
and recognition in the market for DG solar power projects. We are
excited and ready to work with a partner who shares our aspirations
for DG solar power development in China, and we believe our first mover
advantage will position us well to excel in the DG solar power
sector. Moreover, the favorable external environment combined with
our strong track record, long-established brand recognition,
state-of-the-art products and effective marketing, make us highly
confident that we can deliver on our goal of expanding our
footprint in the DG solar power market this year.
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.
About Hefei Xinzhan General Pilot Zone
Hefei is the first city of PV
in China by overall DG
installation capacity as of the end of 2014, and has been a pioneer
provincial capital city of China
in promoting local DG development. Hefei Xinzhan General Pilot
Zone, the main zone for PV industry development in Hefei, plays an important role in facilitating
the development of Hefei's DG
sector and the adaptation of PV products. Hefei Xinzhan General
Pilot Zone also helps companies like Trina
Solar to have their products covered by the PV Product
Guideline Protocol of Hefei while
liaising with local government to provide support.
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.
For further information, please contact:
Trina Solar
Limited
|
Christensen
IR
|
Teresa Tan, CFO
(Changzhou)
|
Linda
Bergkamp
|
|
Phone: +1 480 614
3014 (US)
|
Email:
teresa.tan@trinasolar.com
|
Email:
lbergkamp@ChristensenIR.com
|
|
|
Yvonne
Young
|
|
Investor Relations
Director
|
|
Email:
ir@trinasolar.com
|
|
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SOURCE Trina Solar Limited