CHANGZHOU, China, April 13, 2015 /PRNewswire/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions, and services, today announced it signed a module supply agreement with Toyo Engineering Corporation ("Toyo Engineering") to supply approximately 116 MW high efficiency modules to the largest solar power project in Japan, an approximately 231-megawatt facility to be built in Setouchi City, Okayama Prefecture.
The project managed by special purpose company, Setouchi Future Creations LLC. will utilize approximately 446,000 pieces of Trina Solar TSM-260PC05A high efficiency modules. Toyo Engineering will build the solar photovoltaic power plant on 260 hectares (1,210 acres) of city land on the former Kinkai salt field. The project is expected to reach commercial operations in the second quarter of 2019.
"This sizeable module order in support of the largest solar power project in Japan marks another milestone for Trina Solar in this market," said Zhiguo Zhu, COO and President of Module Business from Trina Solar." Our modules were selected on the basis of very stringent criteria, once again highlighting Trina Solar's well established and reputable brand for high quality products, superior warranty and power output performance guarantee. We believe that demand for clean and sustainable energy in Japan will continue to increase and that solar energy will play a key role in the growing diversification of the country's energy mix. Japan is a key market for us where we expect to further deepen our penetration."
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 Toyo Engineering Corporation
Toyo Engineering Corporation (TOYO) is one of the world's leading contractors. TOYO has actively deployed EPC business, and has successfully delivered large and complex projects on the segments of Energy, Oil Refining, Petrochemicals & Chemicals, and Infrastructure. TOYO have globally networked organization and assure clients that projects will be delivered safely, to a high-quality standard, and on schedule. For more information, please visit http://www.toyo-eng.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 Announced to Supply 116 MW Modules to Japan's Largest Solar Power Project