Trina Solar: Europe's Largest Photovoltaic Rooftop System
Trina Solar Limited, a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, today announced the inauguration of the largest rooftop solar system in Europe with a capacity of 40MW.
The rooftop solar system was built for a global logistics service provider with headquarters in Antwerp, Belgium. The installation has been completed with solar modules supplied by Trina Solar under a previously announced sales agreement between the Company and Invictus NV ("Invictus"), a Belgian company, partner of the Benelux TEC Servicegroup. The solar system is expected to be fully operational by end 2009 and represents an investment of 166 million euro. The installation has a positive influence on the environment with a decrease of CO2 emissions of 17,000,000 kg and supplies the average annual consumption of energy for approximately 14,000 families.
"We are very pleased to partner with Invictus on the successful installation of the largest rooftop solar system in Europe," remarked Arturo Herrero, Vice-President of Special Key Accounts of Trina Solar. "We are delighted that Trina Solar's modules were selected for this landmark achievement by our customer Invictus, with whom we are working closely in Belgium as well as in other European countries as PV installations continue to expand in the region."
Jan Van der Henst, Chief Executive Officer of Invictus stated, "We are delighted to partner with Trina Solar to complete this significant project. Combined with Trina Solar's high quality premium performance modules and excellent customer service, the fulfillment of this project once again demonstrates the knowhow and experience of Invictus in the realization of mega projects in the field of photovoltaic installations."
Invictus hosted a one-day inauguration celebration onsite in Antwerp on December 5, 2009. The event was attended by the Belgian Minister-President, customers, suppliers and management members from Trina Solar.
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL) is a well recognized 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 has developed a vertically integrated business model from the production of monocrystalline and multicrystalline silicon 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 at http://www.trinasolar.com .
About Invictus NV
Invictus NV is a Benelux based green project development company specialized in photovoltaic installations. Invictus works closely together with the solar divisions of its partner TEC Servicegroup and evolved to a total solution provider for PV projects, enabling them to become a reliable partner on a long term base. For more information, please visit Invictus NV's company website at http://www.invictus.be .
TEC Servicegroup is a Benelux group in full expansion with the mission to provide full service solutions for technical building installations. The group has more than 800 employees.
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 ability of the Company to operate as a public company; the period of time for which its current liquidity will enable the Company to fund its operations; the Company's ability to protect its proprietary information; general economic and business conditions; 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. 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, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned 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, Director of Investor Relations
Phone: +86-519-8548-2009 (Changzhou)