CHANGZHOU, China, April 8, 2015 /PRNewswire/ — Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions, and services, today announced that it has been selected by Solarcentury, a project developer and EPC, to supply around 33,000 of its PC14 modules for a 9.9MWp solar farm project in Cocle province, central Panama.
Solarcentury will use the high-powered solar PV modules supplied by Trina Solar to construct the solar farm for ECOSolar, a Latin American solar investment company. Working alongside local solar company Hybrytec, Solarcentury will build the 9.9MWp "Divisa Solar" system. The system will be one of the largest solar farms in Panama connected to the grid and sold on the spot market once completed.
Ideal for large-scale installations, the PC14 module is one of the industry’s most trusted modules due to its high levels of reliability and performance capabilities, even in challenging environmental conditions. Thanks to its high power footprint, installation time and BOS costs are significantly reduced, helping to achieve maximum cost efficiency. The farm will be capable of producing enough clean solar energy to power around 3,000 homes in the area, which will help meet the country’s growing electricity demands and reduce CO2 emissions by more than 4,850 tons each year.
Zhiguo Zhu, COO and President of Module Business Unit at Trina Solar, said: "We are very pleased to be able to partner with Solarcentury in this project, which will yield benefits for the Panamanian people and for the environment. Over the last few years we have expanded our presence in Latin America and this project marks a major milestone for us. Thanks to its good climate, the region is well suited to solar PV generation, and has abundant space. With an increasing demand for electricity in the area, the solar farm will diversify the energy mix and thus drive an efficient and clean supply of energy. We believe Panama and Latin America hold high potential for the solar sector and this project demonstrates Trina Solar’s continued progress as a leading provider of solar PV modules in the region."
Matthew Boulton, COO at Solarcentury said: "Trina Solar is a new partner for Solarcentury and as a leading global brand, it was an obvious choice as part of establishing Solarcentury in new countries. Trina Solar was able to support the tight timelines required to fulfil the project and provided regular communication and support from its UK team."
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.
Solarcentury is one of the most respected solar companies in the world. Founded in 1998, we have been around since the early days of the solar industry and have been part of the evolution that has made PV the attractive investment it is today. We have put solar on a greater variety of sites than any other company in the industry, and have won multiple awards for product innovation.
We work directly with our clients to design and install commercial, industrial and utility scale solar. We also supply our products and services to installers and distributors. All of our customers benefit from our experience in terms of engineering quality, superior yields and sheer breadth of deployment.
We are a big believer in helping solar PV change our world for the better and contribute 5% of our net profits every year to the charity we founded, SolarAid, which aims to eradicate kerosene lamps from Africa by 2020.
And our business is global and growing, with offices in the UK, the Netherlands, Germany, Kenya, Ghana, South Africa, Chile, Panama and Mexico.
ECOSolar is a unique solar company active in Latin America with in depth knowledge and experience of the solar sector and the region. As part of Grupo ECOS, ECOSolar manages Solar Investment Vehicles with the ultimate goal to be invested in and become an independent power producer. It is an investor in a series of solar farms and solar companies in Mexico, Guatemala, Panama, Colombia, Peru, Chile and Brazil; and manages a pipeline of investment projects of various GW throughout the region.
Grupo ECOS was founded by Swiss partners committed with Latin America and its geographical focus is particularly in this region. The group handles a triple bottom line approach, as it is aiming for sustainable development, and also social and environmental responsibility.
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.
For further information, please contact:
For more information, please visit www.ecosolar.com.
Trina Solar Limited
Teresa Tan, CFO (Changzhou)
Phone: +1 480 614 3014 (US)
Investor Relations Director
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