North Coast Solar Stocks

October 22, 2009

Trina Solar Announces New Sales Agreement with PROINSO

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

8:00 am EDT, Thursday October 22, 2009

CHANGZHOU, China, Oct. 22 /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, announced today it has entered into a sales agreement with PROINSO (“Proyectos Integrales Solares S.L.”), a leading distributor of solar photovoltaic equipment and a specialist in engineering services in Europe.

Under the terms of the agreement, Trina Solar will supply PROINSO with approximately 108 MW of PV modules at predetermined prices. PROINSO has an option to purchase an additional 12 MW in the first quarter of 2010. Shipments are expected to commence in the fourth quarter of 2009 and are scheduled to continue through the first half of 2010. The modules are expected to be used in solar projects in the European markets, including Italy and Spain. Shipment deliveries of 38 MW and 42 MW are expected to be made in the fourth quarter of 2009 and the first quarter of 2010, respectively.

“We are excited to be expanding our existing relationship with PROINSO, and we look forward to continuing this relationship into 2010 and beyond,” said Ben Hill, Vice President of Sales and Marketing (Europe) at Trina Solar. “The combination of PROINSO’s extensive experience and expertise in solar energy products, coupled with Trina Solar’s recognized quality, will allow us to further increase market share in established markets across Europe.”

“We are pleased to enter into this sales agreement with a well recognized manufacturer like Trina Solar,” declared Mr. Gustavo Carrero, Marketing Director of PROINSO. “As one of Spain’s leading distributors for solar photovoltaic equipment, we have chosen to partner with Trina Solar to bring their premium performance modules to major solar plant projects in Europe.”

About PROINSO

PROINSO is part of the OPDE Group business group, which is comprised of the following companies: MECASOLAR, PROINSO, and OPDE. The group offers a complete solution that includes dual-axis solar tracker manufacturing, materials engineering and supply, installation and global development and construction of photovoltaic solar plants. The group offers an integrated service that spans the entire photovoltaic business value chain, imparting all of the experience gained from each segment of the value chain. For further information, please visit PROINSO’s website at http://www.proinso.net .

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