June 23, 2014
Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions, and services, announced it received the BlueSky Award 2014 for Global Top Investment Scenarios to Apply New Technologies for Renewable Energy Utilization ("BlueSky Award") for its high efficiency crystalline silicon solar cells and Honey Ultra modules.
Sponsored by the United Nations Industrial Development Organization (UNIDO) and organized by the Shenzhen International Technology Promotion Center for Sustainable Development (ITPC), the BlueSky Award calls for the worldwide recognition of advanced technologies with the highest level of industrial investment values in the field of renewable energy.
Utilizing its own crystalline silicon solar cells, Trina Solar's Honey Ultra high efficiency crystalline silicon solar module has set three world records in the last four years. Most recently, Honey Ultra achieved a new record of 326.3W power output in April 2014, which was independently certified by TUV Rheinland. To date, the average module power rating and the efficiency of PV cells that are currently being piloted and intended for mass production are 283W and 20%, respectively. While the corresponding maximum values are 285W and 20.54%, respectively.
"It is a great honor to receive this world-class award which recognizes Trina Solar's unrelenting commitment to technology innovation and our devotion to improving the utilization of renewable energy," said Dr. Zhiqiang Feng, Vice President of Trina Solar and Director of the State Key Lab of PV Science and Technology. "By drawing on our State Key Lab of PV Science and Technology's expertise, we have successfully achieved a number of critical milestones in the areas of conversion efficiency improvement, module manufacturing cost reduction and the commercialization of innovative technologies. Our technological developments will help lower the overall cost of solar power generation and contribute towards accelerating the achievement of solar power grid parity."
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.
About the BlueSky Award
The Bluesky Award for Global Top Investment Scenarios to Apply New Technologies for Renewable Energy Utilization is sponsored by the United Nations Industrial Development Organization (UNIDO) and organized by the Shenzhen International Technology Promotion Center for Sustainable Development (ITPC). It aims to provide guidance on large-scale renewable energy applications in developing countries in order to mitigate the impacts of conventional energy supply shortages and greenhouse gas emissions on the global climate. The Bluesky Award calls for the worldwide recognition of advanced technologies with the highest level of industrial investment value in the field of renewable energy and the evaluation is carried out by a global committee of experts. Since 2005, four sessions have been held, 38 technologies have been granted the BlueSky Award among numerous competitors from Germany, the United States, Canada, Russia, Belarus, Japan, Australia, Brazil, India, the Philippines and China.
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)