Trina Solar Announces Resignation of Chief Financial Officer and Appointment of Interim Replacement
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|Trina Solar and Gestamp Asetym Announce Inauguration of 26 MW PV Plant in Murcia, Spain|
CHANGZHOU, China, Sept. 19 /Xinhua-PRNewswire-FirstCall/ -- Trina Solar Limited (NYSE: TSL; ''Trina Solar'' or the ''Company''), a leading integrated manufacturer of solar photovoltaic (PV) products from the production of ingots, wafers and cells to the assembly of PV modules, founded in 1997, today announced the inauguration of a 26 MW PV plant, consisting of an installation which uses primarily PV modules manufactured by Trina Solar, in Fuente Alamo, Murcia, in the south-east of Spain on August 7th, 2008. The project has been carried out by Gestamp Asetym Solar SA (''Gestamp Asetym''), a Spanish provider of solar system solutions.
Trina Solar supplied 20 MW of mono and multicrystalline solar modules of the total 26 MW required for this key project as part of the long-term arrangement between both companies. This PV plant consists of three phases: Fuente Alamo I, of 8MW; Fuente Alamo II, of 8MW; and Fuente Alamo III, of 10 MW, which are installed on a total of 62 sq ha of rural land.
"We are very pleased to have supplied 20 MW of high-quality modules for this large PV plant that Gestamp Asetym installed in the south of Spain, representing one of the largest PV plants so far in Europe," remarked Arturo Herrero, Trina Solar's Vice President of Sales & Marketing. "We are delighted to strengthen our business relationship with our key partner Gestamp Asetym, with whom we expect to continue to work closely in the future, not only in Spain but also in other countries in Europe as business expands.''
Gestamp Asetym hosted a one-day opening celebration onsite in Fuente Alamo. The event was attended by numerous government officials, customers and suppliers, including management members from Trina Solar.
This 26 MW PV system will produce 44,000 MW/h per year, which equals the electric consumption of 13,000 homes and will avoid 15,000 tons of CO2 emissions to the atmosphere.
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 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 Gestamp Asetym
Gestamp Asetym is a Spanish solar system solutions provider that is part of Gestamp Corporation, an important industrial group whose core business is the design, processing and manufacturing of steel components for diverse industries. Gestamp Asetym has vertically integrated the entire PV plants process, from the design and manufacture of fixed structures and trackers, to the construction (turn-key solutions, including financial support) and operation. Gestamp Asetym has participated actively in the construction and development of 150 MW of PV plants in Spain since 2007, and is expanding its activities to other countries such as Italy, US, and Greece.
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, Trina Solar'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 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 companies 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.
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