Co announces that it has entered into three sales agreements totaling approximately 42 MW of PV modules for delivery in 2009 with customers in Germany, including 12 MW with Bull Solar GmbH. These sales agreements, which were signed in the first quarter of 2009, reflect continued demand for Trina Solar's quality products from established customers in Germany and their commitment to new solar projects despite uncertain economic conditions.
April 14, 2009
Trina Solar Supplies Italy's Largest Rooftop Installation
CHANGZHOU, China, April 14 /PRNewswire-Asia-FirstCall/ -- Trina Solar Limited (NYSE: TSL - News; "Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, today announced the completion of a 4.7MW photovoltaic facility developed by ErgyCapital at the end of February, 2009.
Trina Solar was the sole supplier of PV modules to ErgyCapital used on the rooftop installation, which was carried out in the town of Serravalle Scrivia in the Piedmont region of Italy. The project is currently Italy's largest photovoltaic facility and single roof-mounted solar system, involving approximately 38,000 square meters of solar panels. The system is expected to generate approximately 5 GW/hour of electricity per year and will benefit the environment by reducing up to 2,500 tons of CO2 emissions.
"We are excited to partner with ErgyCapital on the completion of the largest single rooftop installation project in Italy. This roof-mounted PV system is an excellent example of the many projects that we look forward to working on with ErgyCapital in the future," stated Arturo Herrero, Trina Solar's Vice President of Sales & Marketing. "We are pleased to work with established Italian investment companies such as ErgyCapital that specialize in renewable energy as we continue to develop our well recognized brand in Italy by providing efficient and clean solar energy in the years ahead."
The project's profile is available at the company's website at http://www.trinasolar.com/project_commercial.php .
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL - News) is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that has developed a vertically integrated business model from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide.
About ErgyCapital
ErgyCapital S.p.A, through its wholly owned subsidiary of ERGYCA Power Srl, is an investment company specialized in the fields of renewable energies and energy saving products. Established in 2007 and listed on the Italian Stock Exchange, the Company's objective is to take advantage of the opportunities offered by the fast growing green energy business, both in Italy and Europe. For further information, please visit their website at http://www.ergycapital.com
April 8, 2009
Trina sees PV market to grow sharply
The Ministry of Finance said late last month that China would provide a subsidy of 20 yuan (US$2.93) per watt for solar projects that have a capacity of at least 50 kilowatts and attached to buildings, covering nearly half the cost.
TRINA Solar Ltd, a leading solar product maker, expects China to account for 10 percent of the global photovoltaic market in three years to five years from less than 1 percent now as the government boosts support for the alternative energy.
"It's possible if we say, by 2012, China's installed solar PV capacity could reach 2.5 gigawatts while it would be 25GW for the world," Gao Jifan, Trina's chairman and CEO, said.
Although China is the world's top PV manufacturer, the domestic solar PV market has suffered from high costs and limited subsidies.
The Ministry of Finance said late last month that China would provide a subsidy of 20 yuan (US$2.93) per watt for solar projects that have a capacity of at least 50 kilowatts and attached to buildings, covering nearly half the cost.
Gao said the subsidy is a "precursor" of a long-term state support, although some analysts said the latest subsidy was limited to roof-top solar panels and not for large-scale solar projects.
New York-listed Trina, which is based in Changzhou, Jiangsu Province, expects to sell 10 megawatts in China this year out of a planned total shipment of up to 400MW of solar modules, Gao said.
In 2008, the domestic market accounted for only a bit more than 1 percent of its shipment of 201MW.
The United States market could account for 15 percent of Trina's sales this year, up from less than 5 percent in 2008, thanks to the Obama administration's backing of renewable energy sources, he said.
Trina is not in a hurry to acquire assets but is looking at opportunities, according to Gao who said Europe would remain a top market.
Source: http://active.zgjrw.com/News/200947/ChinaFinaceNet/791419846500.html
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