North Coast Solar Stocks

August 11, 2009

Trina Solar Supplies Modules for Solar Power Project at Colorado State University

Filed under: TSL — Tags: , , — Jason @ 8:00 am

Tuesday August 11, 2009, 8:00 am EDT

CHANGZHOU, China, Aug. 11 /PRNewswire-Asia-FirstCall/ — Trina Solar Limited (TSL; “Trina Solar” or the “Company”), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, today announced that it has been selected by Renewable Ventures, a Fotowatio company (“Renewable Ventures”), to supply modules for a two-MW PV project in Fort Collins, Colorado. Shipment under this agreement has already commenced.

AMEC, an international engineering and project management company, will construct a 15-acre solar array on the Foothills campus of Colorado State University. Upon completion, the solar array is expected to be one of the largest solar installations at a U.S. university. The system is being developed under a 20-year power purchase agreement with Renewable Ventures and is projected to generate sufficient solar power to provide more than 10% of electricity needs for the university’s Foothills campus.

This project is the first to be financed under Renewable Ventures’ Solar Fund V, a $200 million fund designed to finance and develop around 35 MW of solar projects in the next year. The fund is structured to include both debt from John Hancock (a unit of Manulife Financial Corporation) and equity from Renewable Ventures and Wells Fargo, and will enable the construction and permanent financing of around 35 MW in 2010.

“Trina Solar is pleased to partner with Renewable Ventures and AMEC to build clean, green renewable projects across the United States and Europe,” said Mr. Arturo Herrero, Vice President of Sales & Marketing at Trina Solar. “We believe Colorado State University’s large solar installation and commitment to green campus efforts will further encourage solar adoption at other universities throughout the United States.”

“We are very pleased to work with Trina Solar on this Colorado State University solar project,” said Mr. Matt Cheney, CEO of Renewable Ventures. “Trina Solar has a proven track record, and their demonstrated experience and commitment to their customers made them an excellent choice.”

“We are delighted to partner with Renewable Ventures and Trina Solar on this important renewable energy project,” said Mr. Tim Gelbar, President of AMEC’s Power and Process Americas. “We are committed to supporting Colorado State University’s green campus efforts.”

About Renewable Ventures, a Fotowatio Company

Fotowatio, one of the largest solar power companies in the world, is an independent renewable power producer (IPP) with 130 MW of solar projects in operation in the United States and Europe. Fotowatio has more than 1,000 MW in development across the United States, Spain and Italy using both PV and CSP technologies. A global company, Fotowatio is owned by GE Energy Financial Services, Landon Group, and Qualitas Venture Capital. Renewable Ventures is Fotowatio’s U.S. global business unit with an exclusive focus on the development of commercial and utility-scale solar projects throughout the United States. For more information, please visit http://www.fotowatio.com or http://www.renewableventures.com .

About AMEC

AMEC is a focused supplier of high-value consultancy, engineering and project management services to the world’s energy, power and process industries. With annual revenues of over 2.6 billion Pounds Sterling (US$4.2 billion), AMEC designs, delivers and maintains strategic and complex assets for its customers. AMEC’s Natural Resources, Power and Process and Earth and Environmental businesses employ over 22,000 people in more than 30 countries globally.

For almost 100 years AMEC has provided detailed design, engineering and construction management services to power developers, utilities, industry, contractors, financial institutions, governments and renewable technology developers. The company has project experience in many of the key renewables sectors including wind, biomass, biofuels, energy from waste, hydrogen, fuel cells, carbon capture and storage and clean coal. For more information, please visit http://www.amec.com .

For information about Wells Fargo, please visit http://www.wellsfargo.com .

For information about John Hancock Financial, please visit http://www.johnhancock.com .

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