CHANGZHOU, China, April 6, 2016 /PRNewswire/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions, and services, today announced that it has signed an agreement to supply 40 MW of solar modules to Tegnatia, one of Turkey's leading Engineering, Procurement and Construction (EPC) contractors. This partnership will enable Trina Solar to supply Tegnatia with its innovative solar PV solutions as both companies expand their presence in the Turkish market, and represent a key joining of forces between leading players in the international solar industry and the local PV market.
Under the agreement, Trina Solar will complete the delivery of its TSM-PD05 (polycrystalline, 60 cells) and TSM-PD14 (polycrystalline, 72 cells) modules by the end of the second quarter of 2016. The modules will be used in a range of solar projects in the areas of Mersin, Adana, Konya and Erzurum. As the world's largest supplier of solar PV modules and the most bankable PV module manufacturer globally, Trina Solar is ideally placed to supply the high-quality solutions that Tegnatia requires.
Established in 2013, Tegnatia is a joint venture between T-Dinamik, a Turkish renewable energy investment firm which has funded large-scale solar parks in Turkey, Greece and Romania; and Egnatia Group, a Greek construction company operating in Eastern Europe and the UK. Tegnatia is committed to offering turnkey services covering the design, implementation and maintenance of medium- to large-scale solar parks, with a core aim of bringing solar power to a wider section of the Turkish population.
Assoc. Prof. Dr. Mustafa Tiris, General Manager at Tegnatia, commented: "We are delighted to partner with Trina Solar, a global solar energy leader. We have ambitious targets to bring the benefits of high-quality solar PV to a wider range of Turkish companies and consumers, which requires a strong and reliable partner that can provide the quality of product and service that these projects demand. In addition, we were looking for a partner that can provide support locally, as and when required. Trina Solar represents the ideal fit to help bring these projects to fruition."
Mr. Rongfang Yin, Assistant Vice President, Regional Head of the Module Business Unit (MBU) of Europe and Africa at Trina Solar, added: "Tegnatia is a major player in the Turkish solar PV market, so we are very pleased to enter this partnership. It represents an important milestone in the promising Turkish market and we are looking forward to supporting and accelerating the much-needed deployment of solar PV in Turkey, through the provision of our industry-leading modules which Trina Solar will also showcase at the forthcoming SOLAREX exhibition in Istanbul. Our focus at Trina Solar is on providing high-quality PV technologies that our partners can rely on, and we anticipate great success for our latest venture into the Turkish market."
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-leading 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.
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SOURCE Trina Solar Limited
Trina Solar Supplies 40 MW of Solar Modules to Tegnatia in Turkey