Trina Solar Announces Supply of 82 MW of Anti-PID Modules to Sihong Tianganghu PV Power Generation
Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions, and services, announced it signed an agreement to supply 82MW of its anti-Potential Induced Degradation ("PID") modules to Sihong Tianganghu Photovoltaic Power Generation Co., Ltd. ("Tianganghu PV Power Generation") for a solar power plant located in Jiangsu Province.
Trina Solar will supply approximately 320,000 TSM-PC05A modules with power outputs of 245 Wp, 250Wp and 255 Wp. All modules are of the highest anti-PID level currently available - up to 85°C / 85% relative humidity. In addition, all modules come with a 25-year linear power output performance guarantee. Module shipments are expected to be completed by the end of 2014.
"We are very proud to have secured this contract and to supply our advanced anti-PID modules to this unique project, which is one of the first few large-scale power plants designed to an 85°C / 85% relative humidity anti-PID standard," said Zhiguo Zhu, President of the Module Business Unit of Trina Solar. "This once again showcases our ability to produce the very best solar products and to continue to meet our customer's evolving needs. Trina Solar remains deeply committed to product innovation and we continue to integrate R&D successes into our solar products. Our focus remains on enhancing product performance, reducing costs and delivering both commercial and financial benefits to our customers."
By optimizing cell and module manufacturing technologies, Trina Solar's anti-PID modules effectively reduce the loss in solar panel power output caused by severe environmental conditions including high voltage, severe salt mist and high humidity.
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 Tianganghu PV Power Generation
Tianganghu PV Power Generation provides photovoltaic investment, construction of photovoltaic power plants and power plant asset management, as well as the development and sale of photovoltaic products.
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.