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Trina Solar Announces Three-Year $800 Million Investment in Changzhou Trina PV Park



 

 

 

 

 

 

Trina Solar Limited (NYSE: 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, announced that it intends to invest approximately $800 million over three years in Changzhou Trina PV Park.

The investments in Changzhou Trina PV Park from 2011 to 2013 will be made for the purposes of expanding the Company's manufacturing capacity and research and development facilities. The announcement was made during a ceremony held at the Changzhou Administration Centre on December 26 and attended by Mr. Zhang Wei Guo, Vice Governor of Jiangsu Province and Mr. Fan Yan Qing, CPC Secretary of Changzhou Municipal Committee.

The Company also announced that its wholly owned subsidiary Changzhou Trina Solar Energy Co. Ltd. surpassed the revenue milestone of 10 billion Renminbi for the calendar year 2010. This figure does not represent the consolidated revenue of Trina Solar Limited in 2010.

"We are pleased to announce the continuing investments in our capacity expansion and R&D within the Changzhou Trina PV Park to meet the increasing global demand for our PV products and brand," said Mr. Jifan Gao, Chairman and CEO of Trina Solar. "The investments will also include the establishment of our State Key PV Research Laboratory to accelerate the advancement and delivery of new technologies and products to solidify our position as a global PV industry leader."

"We are also proud that our local Changzhou operating entity surpassed the milestone revenue of 10 billion Renminbi for 2010, reflecting our on-going and successful execution of our business strategy and operations growth."

As announced on November 30, 2010, the Company reiterates its total 2010 PV module shipments to be approximately 1 GW, representing an increase of approximately 151% from the annual PV module shipments in 2009.

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 athttp://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 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. 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 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.

For further information, please contact:

Trina Solar Limited

Terry Wang, CFO

Phone: +(86) 519-8548-2009 (Changzhou)

Thomas Young, Senior Director of Investor Relations

Phone: +(86) 519-8548-2009 (Changzhou)

Email: ir@trinasolar.com

SOURCE Trina Solar Limited

 

 

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Annual reports of Trina Solar Ltd.
Filed its Annual Report on Form 20-F for 2010
Filed its Annual Report on Form 20-F for 2009
Files Annual Report on Form 20-F
2008 Annual report
Nominations of Trina Solar Ltd.
7/5/2012Appoints New Independent Director
1/10/2012Announces Changes to Board of Directors
5/19/2011Announces Appointment of Chief Commercial Officer
Financials of Trina Solar Ltd.
2/23/2012Announces Fourth Quarter and Fiscal Year 2011 Results
11/23/2011Announces Third Quarter 2011 Results
11/4/2011Announces Updates to Third Quarter 2011 Guidance
8/24/2011Announces Second Quarter 2011 Results
8/2/2011Announces Updates to Second Quarter 2011 Guidance
5/11/2011Announces Updates to First Quarter 2011 Guidance
11/30/2010Announces Third Quarter 2010 Results
8/17/2009Announces Second Quarter 2009 Results
7/27/2009Selected Estimated Second Quarter Results
2/17/2009Announces Selected Estimated Fourth Quarter and Full Year 20...
10/15/2008Announces Selected Estimated Third Quarter Results
Corporate news of Trina Solar Ltd.
7/13/2011Announces Changes to Board of Directors and Committees
2/22/2011Announces Fourth Quarter and Fiscal Year 2010 Results
12/27/2010Announces Three-Year $800 Million Investment in Changzhou Tr...
10/7/2010Announces Management Changes
7/29/2010Announces Industrial Liaison Program with MIT
4/8/2010Supplies Modules for PV Power Plant Project in Thailand
3/24/2010Closes Follow-On Public Offering of 9,085,000 American Depos...
3/17/2010Announces Follow-on Public Offering of 7,900,000 American De...
3/10/2010Signs Sales Agreement with U.S. Wholesale Distributor Essco
9/30/2009Signs Sales Agreement with Kerself S.p.A
9/30/2009Announces Extension of Long-Term Supply Agreement with GCL-P...
9/8/2009Announces Five-Year Project Loan Facility
9/4/2009Holds Annual General Meeting of Shareholders
9/3/2009Launches "Center For Excellence" to Provide Testing and Qual...
8/17/2009Announces the Closing of Over-Allotment Of 675,000 American ...
8/13/2009Notice of Annual General Meeting 2009
8/13/2009Records Excellent Performance Results at Desert Knowledge Au...
8/11/2009Supplies Modules for Solar Power Project at Colorado State U...
7/29/2009Pricing of Follow-on Public Offering of 4,500,000 American D...
7/27/2009Follow-on Public Offering of 4,000,000 American Depositary S...
7/23/2009Signs Sales Agreement with PROINSO
6/30/2009Glass Supplier to Invest in Changzhou Trina PV Industrial Pa...
6/26/2009Secures $57 Million Credit Facilities
6/8/2009to Open Warehouse in California
5/6/2009Expands European Sales and Marketing Team
4/20/2009Three New Sales Agreements in Germany
4/14/2009Supplies Italy's Largest Rooftop Installation
3/20/2009Announces the Inauguration of North America's Largest Single...
1/29/2009Signs Sales Agreement With GA Solar
1/23/2009Announces Operational Highlights
12/18/2008Announces 'MeSolar' Brand UMG-Silicon Based Product Line
11/21/2008Adopts Shareholder Rights Plan
11/17/2008to Open Warehouse in Europe
11/12/2008Announces UMG-based Module Launch
11/11/2008to Locate North American Base in San Francisco
10/3/2008Ranked Top 3 in TUV Energy Rating Tests
9/25/2008Sponsor and Exhibit at the Solar Power International Confere...
9/24/2008Power North America's Largest Single Rooftop Installation
9/19/2008and Gestamp Asetym Announce Inauguration of 26 MW PV Plant i...
9/12/2008Signs Sales Agreement with the Belgian Company Invictus NV
9/9/2008Announces New Website Design
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