North Coast Solar Stocks

June 30, 2008

Trina Solar Signs Sales Contract with GreenergyCapital

Filed under: TSL — Tags: , , — Jason @ 9:15 am

Monday June 30, 9:15 am ET

CHANGZHOU, China, June 30 /Xinhua-PRNewswire-FirstCall/ — Trina Solar Limited (”Trina Solar” or the ”Company”)(TSL), a leading integrated manufacturer of photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, founded in 1997, today announced that it has entered into a sales agreement with ERGYCA Power Srl, a subsidiary of GreenergyCapital SpA (collectively ”GreenergyCapital”), an Italian company listed on the Milan Stock Exchange.

Under this fixed price three-year agreement, Trina Solar will supply GreenergyCapital with PV modules at a total value of US$158 million dollars.

“We are very pleased to have entered into this important agreement with GreenergyCapital, which allows us to further expand our well-recognized brand in the Italian market,” stated Mr. Jifan Gao, Trina Solar’s Chairman and Chief Executive Officer. “We look forward to continue our long-term relationship with GreenergyCapital, as they expand their core business of producing and selling electrical power from renewable energy sources.”

”It is great to extend the support and recognition from GreenergyCapital after more than one year of business success with Energetica Solare SpA (a member of GreenergyCapital group). This agreement is a further testament to Trina Solar’s good quality and service and demonstrates the long-term growth prospects of the Italian PV market,” commented Arturo Herrero, Trina Solar Sales & Marketing Vice President.

Mr. Luca D’Agnese, CEO of GreenergyCapital SpA said, “This is the most important long-term agreement for our PV module supply. It is relevant for the strategy of GreenergyCapital and its controlled companies focused in PV power plant construction”.

Italy’s current regulations and PV installations confirm it as one of the most attractive growth markets in the solar PV industry.

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