April 17, 2014
Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions, and services, announced two of its PV power plants in the United Kingdom have successfully completed connection to the grid. The company is an investor in and sole project developer for these projects, which have a total capacity of 23.77 MW.
The two projects, which are located in Cornwall and Dorset, commenced construction in December 2013 and were completed on schedule in March 2014. The two projects were developed using Trina PC05A 255Wp modules and will receive 1.6 Renewables Obligation Certificates (ROCs), equivalent to GBP 42.02 per megawatt-hour (MWh). They are expected to generate 24,673MWh electricity annually, reducing over 16,542 tons of carbon dioxide emissions. The projects will be able to supply clean energy to approximately 7,477 local homes each year.
"We are delighted to expand our downstream presence in the UK. We view the country as a high-growth market for solar and for our company," said Mr. Jifan Gao, Chairman and CEO of Trina Solar. "Along with the growth potential in the UK market, Europe remains a major market for Trina Solar, both in terms of modules and downstream projects. We will continue to build our project pipeline in UK in the quarters ahead as we execute our global downstream strategy."
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.
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 more information:
Trina Solar Limited
Contact person: Yvonne Young
Head of Investor Relations
Tel: + (86) 519-8517-6878 (Changzhou)
Contact person: Teresa Tan, CFO
Trina Solar Limited
Tel: + (86) 519-8517-6823 (Changzhou)