CHANGZHOU, China, March 12, 2015 /PRNewswire/ — Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions and services, today announced it has signed an agreement to supply 48MW of solar modules to ACME Cleantech Solutions Ltd.("ACME"). This new agreement brings the total sales of solar modules to ACME to 70 MW in 2015 to date.
According to the agreement, approximately 188,000 Pieces of Honey modules TSM-PC05A will be installed on two ground-mounted solar power plants in India. The installations are expected to provide an annual output of 81.6 GWh. The shipment will be completed in the first quarter of 2015.
"We are seeing a significant pick up in the adoption of solar power in India this year and we are delighted to be taking part in the growth with our efficient and high-quality modules," said Zhiguo Zhu, COO and President of Trina’s module business unit. "India is no doubt a robust and growing emerging market for solar energy. We believe this agreement not only demonstrates our growing brand awareness in India, but also sets a solid foundation for our expanding business in the region in 2015. We look forward to capturing more market opportunities in India with ACME."
Mr. Manoj Kumar Upadhyay, Chairman of ACME, added, "We first started our partnership with Trina Solar in 2013. We are delighted to further deepen our relationship with Trina Solar on these two projects in India. ACME had delivered many successful projects in the past. Looking into the future, we are also very optimistic about India’s solar prospect and are expediting our paces to expand our projects portfolio. We have strong faith in Trina Solar’s dedicated team, comprehensive products and superior product quality and look forward to more partnership with Trina Solar in 2015."
About ACME Solar
ACME Solar is a solar power company providing solutions for both Thermal & Photovoltaic Technologies. Today ACME has developed capabilities of setting up and commissioning MW scale power projects. It has also been providing Engineering, Procurement and Construction (EPC) services to other solar power developers. ACME has pioneered solar power development in India and has commissioned the First Solar Thermal Power project based on Tower Technology in Asia. This state of the art technology is highly energy efficient. For more information, please visit www.acmesolar.in
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.
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:
Trina Solar Limited
Teresa Tan, CFO (Changzhou)
Phone: +1 480 614 3014 (US)
Investor Relations Director
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