CHANGZHOU, China, Jan. 11, 2016 /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 successfully completed and
connected three distributed generation ("DG") projects (the
"Projects") totaling 27 MW to the grid in Suqian City, Jiangsu Province, China at the end of December 2015.
Powered by approximately 110,000 Trina Solar "Honey" modules,
the Projects are installed on the rooftops of three large
manufacturing factories located in the Suqian Economic &
Technological Development Zone ("SEDZ"). Wholly owned by
Trina Solar, the green electricity
that the Projects generate is expected to reach approximately 30
million kWh per year over the next 20 years, and is being supplied
to the local grid to energize the SEDZ through power purchase
agreements, which, on average, will reduce up to 29,000 tons of
carbon dioxide emissions annually. The Projects are eligible for a
20-year benchmark on-grid tariff of 1.0 RMB/kWh
based on the former feed-in-tariff program in China. In addition, the Company will provide
operations and maintenance services ("O&M") to the
Projects.
"We are pleased to announce the addition of these three DG
installations in the SEDZ to our portfolio of DG projects that went
online in the 4th quarter of 2015," commented Mr.
Longxing Huang, Vice President and President of the Distributed PV
Generation Business Unit of Trina
Solar. "The area is a state-level development zone, where
rapid industrial expansion and local government's commitment to
diversifying its energy mix continues to boost the prospects of
solar installations. In particular, the large number of facilities
within the zone that have massive flat roofs makes it particularly
well suited for the deployment of DG solar energy. We will continue
to execute the remaining DG projects within our pipeline in this
region in 2016 by leveraging our leading technological expertise
and outstanding project development and O&M capabilities. With
the grid connection of these projects, along with various other
initiatives, we believe our strong finish to the year leaves us
particularly well positioned as we head into 2016."
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.
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.
Trina Solar
Limited
|
Christensen
IR
|
Teresa Tan, CFO
(Changzhou)
|
Linda
Bergkamp
|
Email:
teresa.tan@trinasolar.com
|
Phone: +1 480 614
3014 (US)
|
|
Email:
lbergkamp@ChristensenIR.com
|
Yvonne
Young
|
|
Investor Relations
Director
|
|
Email:
ir@trinasolar.com
|
|
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SOURCE Trina Solar Limited