Trina Solar Announces Sales Agreement with Fotowatio Renewable Ventures

CHANGZHOU, China, April. 26, 2011 /PRNewswire-Asia-FirstCall/ -- Trina Solar Limited (TSL) ("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 (U.S.) Inc., has signed a sales agreement to supply solar modules to US-based FRV AE Solar, LLC ("FRV"), a subsidiary of Fotowatio Renewable Ventures, Inc. ("FRV, Inc."), a global independent solar power producer.

Under the terms of the agreement, Trina Solar is expected to supply FRV with approximately 35 MW of the Company's powerful utility-scale solar modules during 2011, at predetermined prices. Delivery is expected to commence in the second quarter of 2011 for one of the largest solar PV systems located just outside of Austin, Texas.

"We are excited to announce our continued collaboration with FRV, a leading global solar industry player, on one of the largest solar photovoltaic projects in the United States," said Ben Hill, Vice President, Sales and Marketing of Trina Solar. "We are pleased to combine our high-wattage, utility scale modules and premium service to deliver cost-effective PV solutions as we expand our strategic relationship with FRV."

Jose Benjumea, CEO of FRV, Inc., added, "Trina Solar is a strategic partner to FRV. We follow a rigorous selection process for our suppliers and Trina Solar continues to meet our standards."

About Trina Solar Limited

Trina Solar Limited (NYSE: TSL) is a leading 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 have developed a vertically integrated business model from the production of monocrystalline and multicrystalline 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. For further information, please visit Trina Solar's website at http://www.trinasolar.com.

About FRV

FRV is a global independent power producer that develops, owns and operates solar power plants. It is one of the largest solar power companies in the world with over 230 MW in operation and construction, and more than 2,200 MW under development. FRV is a pioneer in U.S. solar project development having built the country's first utility-scale power plant in 2007. FRV develops solar projects using a robust and disciplined development process supported by core competencies across the project lifecycle including, site acquisition, interconnection, financing and plant development. FRV has offices in San Francisco (U.S.), Sydney (Australia), Madrid (Spain) and Torino (Italy), and is owned by GE Energy Financial Services, Landon Group, and Qualitas Venture Capital. For further information, please visit Fotowatio Renewable Ventures, Inc.'s website at http://www.frv.com/.

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, that Trina Solar (the "Company") is expected to supply SunEdison with 18 megawatts (MW) of PV modules in 2010 and that the modules are expected to be utilized by SunEdison for projects in North America and Europe. 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, including the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the 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; the volatility of the Company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to 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.

SOURCE Trina Solar Limited

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED