Trina Solar Announced Supply of 200MW PV Modules to Zonergy
Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions, and services, announced it will supply 200MW of modules to Zonergy Company Limited ("Zonergy")'s downstream projects in China, marking its largest single module supply agreement to date in 2014.
Trina Solar will supply approximately 800,000 pieces of its TSM-PC05A modules for Zonergy's downstream projects located across several provinces in China such as Jiangsu, Shandong, Xinjiang, Qinghai and Sichuan. All modules supplied to Zonergy are certified by TUV-SUD as Anti-PID tested to 60(o)C/85RH% (85 Degrees Celsius temperature /85% relative humidity). Module delivery is expected to be completed in December 2014.
"Trina Solar came out as our top selection among all tier one module manufacturers we considered based on their ability to meet our stringent internal standards and their second-to-none performance in all criteria including brand recognition, quality, value proposition and commitment to customer service," said Wuhua Zhang, Deputy President of Zonergy. "Our trust in Trina Solar arises from its sufficient capacity and its proven track record of meeting customer's needs with an integrated offer that includes top-quality products and on-time delivery which is of great value to our rapidly growing downstream business. We have a large pipeline planned in China for this and next year. We look forward to building a long-term, strategic partnership with Trina Solar and to realizing Zonergy's success in downstream solar project development."
"We are thrilled to win this order with premium price and be the key module supplier for Zonergy in 2014," said Zhiguo Zhu, Module Business Unit President of Trina Solar. "This record order is by far the largest single order Trina has been awarded this year and I thank the entire Trina sales team's diligent work and commitment to success. Our ability to win large orders like this is a testimony to Trina Solar's leading position in the flourishing solar market in China. Zonergy has an extensive pipeline of downstream projects this year, and we welcome the opportunity to partner with Zonergy team to support their rapidly-growing roster of solar 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.
About Zonergy Company Limited
With a registered capital of RMB 1.29 billion, Zonergy Company Limited (Zonergy) was established in 2007 as a national high-tech enterprise. Zonergy focuses on providing resource integration services for customers in new energy, energy-saving and environmental protection industries. Its main business covers the whole cloud-computing industry chain, R&D of Solar PV technology and project contracting, R&D of bio-energy, R&D of energy saving and system services, palm cultivation and oil processing trade as well as other related fields.
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.