June 9, 2010

Trina Solar Announces Supply Agreement with Southern California Edison


CHANGZHOU, China, June 9 /PRNewswire-Asia-FirstCall/ -- Trina Solar Limited (NYSE:TSL - News) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic (PV) products from the production of ingots, wafers and cells to the assembly of PV modules, today announced that its subsidiary, Trina Solar (US) Inc., has signed a supply agreement with Southern California Edison ("SCE"), an Edison International Company (NYSE:EIX - News), one of the largest electric utilities in the United States. Initial shipments commenced in May 2010.

Under the terms of the agreement, Trina Solar is expected to supply SCE with 45 MW of PV modules at agreed prices with deliveries taking place between the second quarter of 2010 and the first quarter of 2011. The modules are expected to be used in SCE's large solar photovoltaic installation program, otherwise known as the SCE Solar PV Program.

SCE, authorized by the California Public Utilities Commission (CPUC), plans to cover up to 65 million square feet of unused Southern California commercial rooftops with 250 MW of the latest photovoltaic technology, which has sufficient capacity to meet the needs of approximately 162,000 US homes.

"This program is a milestone in utility-owned PV generation in the United States and Trina Solar is excited to play a significant part in supplying modules representing approximately 20 percent of the solar capacity needed for the program," said Mr. Jifan Gao, Chairman and CEO of Trina Solar. "This is a major commitment by SCE towards clean power generation, and the fact that they have chosen Trina Solar to supply them with premium performance modules is expected to further increase the Company's global reach and reputation for high quality products and raise brand awareness among key customers in the commercial and utility PV segment."

"We look to innovative companies like Trina Solar for solutions that benefit the environment and our customers," said Mark Nelson, SCE director, Generation Planning and Strategy. "We're glad Trina Solar can be a part of California's clean energy future."

No comments: