CHANGZHOU, China, Feb. 4, 2015 /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 been selected by renewable energy specialist Gestamp Solar to supply modules for a 42.5MW PV plant located in Marcovia, which is in the Choluteca region of the Republic of Honduras, Central America.
The PV project, named "Marcovia Solar," will be the first PV plant constructed by Gestamp Solar in the country and is expected to span 180 hectares once completed. Trina Solar will supply more than 160,000 of its high-efficiency utility-grade PC14-310W modules, and the installation will be fitted with 300 solar trackers to maximize the efficiency of the installation. Expected to be operational in Q2 2015, the solar plant will generate 93 GW/h each year and achieve CO2 savings of 43,000 tons, providing enough energy for 135,000 people and 45,000 homes.
Latin America is a high potential market for the solar industry and the agreement represents a significant development for both Trina Solar and Gestamp Solar as they look to strengthen their presence in the region.
"We are very pleased to partner with Gestamp Solar to supply our industry-leading PV modules for its first solar plant in the Republic of Honduras," said Ben Hill, Head of Europe and Africa at Trina Solar. "With ample space and a good climate, the country holds a wealth of potential for solar PV energy generation. Moreover, solar offers local businesses and residences a reliable, efficient and clean energy source, making it a particularly attractive prospect for the region. We are looking forward to working with Gestamp Solar to execute this large-scale project. Latin America is a key target market and this project will be strategically significant as we continue to expand our global footprint."
Jorge Barredo, CEO of Gestamp Solar added, "This is a project that reinforces our presence in Latin America as one of the main pillars of our international expansion, and consolidates Gestamp Solar as one of the regional leaders in the sector. Trina Solar has a great track record of delivering PV projects of this scale and is renowned in the solar PV industry for its innovative and high quality modules. Trina Solar was therefore a natural partner for us to choose for this project."
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-shaping position is based on innovation excellence, superior product quality, vertically integrated capabilities and environmental stewardship. For more information, please visit www.trinasolar.com.
About Gestamp Solar
Gestamp Solar (www.gestampsolar.com), the photovoltaic energy division of Gestamp Renewables, specializes in the development, construction, operation and maintenance of utility-scale photovoltaic plants in the United States, India, South Africa, South America, Thailand, China, Japan, Italy, France and Spain, and has developed over 500MW in Solar Energy projects to date.
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 Announces Shipment of 42.5MW Modules to Honduras with Gestamp Solar