Trina Solar Announces Supply of 23MW of Modules to Linuo Solar Power's Distributed Generation (DG) Solar Project in China
Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions, and services, announced it was selected to supply 23MW of PV modules to Linuo Solar Power Co., Ltd. ("Linuo Power")'s distributed generation ("DG") solar project located in China's Shandong province.
The project will utilize 92,000 Trina Solar TSM-250PC05A modules and cover 500,000 square meters of roof top. It is expected to produce 2990 kWH of electricity annually and mitigate 28,674 tons of CO(2) emissions. The Company expects shipments to be completed by the end of June 2014.
"We are delighted to have been selected as one of the key module suppliers to provide PV modules to Linuo Power's DG solar project," said Mr. Zhiguo Zhu, President of Trina Solar's Module Business Unit. "This is testimony to Trina Solar's ability to provide our customers with high quality products. This year the Chinese Government announced a target of 8GW of DG solar project installations and we believe there is significant potential for Trina to capitalize on the growth opportunities in the DG market segment in the second half of 2014."
"Trina Solar's high quality and reliable modules meet our stringent product standards and the team's commitment to rapid delivery ensures that we can meet our construction schedule," said Guangyan Zhou, general manager of Linuo Power. "Benefiting from the Chinese government's supportive policies promoting DG installations, we expect our company to have an extensive project pipeline in China in the coming quarters. Trina Solar's premier products and exceptional service makes them an ideal partner for us and we look forward to further developing our relationship with Trina Solar to support our future downstream projects."
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 Linuo Solar Power
Linuo Power was established in 2003 as a high-tech company dedicated to providing global customers and partners with comprehensive solar PV solutions. Its business scope covers PV cell, PV module, solar system integration, EPC contracting and solar power plant investment. In the past decade, Linuo Power's products have been shipped to over 26 countries including Germany, Italy, Spain, Greece, Belgium, America, Brazil, Chile, Australia, Japan, South Africa, etc. For more information, please visit www.linuosp.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.