Trina Solar Limited Announces Long-Term Supply Agreement with Wacker Chemie AG
Source: Trina Solar press release /Jan 31, 2007
http://www.trinasolar.com/front/en/news.php?newid=14
Changzhou, China – January 31, 2007 — Trina Solar Limited (NYSE: TSL) (“Trina Solar” or “the Company”), a leading integrated manufacturer of solar photovoltaic products based in Changzhou, China, announced today that it has entered into a long-term supply agreement with Wacker Polysilicon, the polysilicon division of Wacker Chemie AG (“WACKER”). Under this supply agreement, the polysilicon division of Wacker Chemie AG has agreed to supply Trina Solar with high purity polysilicon over a 6 year period beginning in 2009. The overall supply from this contract will allow Trina Solar to produce over 150MW of modules during this period. The financial details and the volumes of the agreement have not been disclosed.
“We are very pleased to enter into this supply agreement with Wacker and to work with one of the largest and most successful polysilicon manufacturers in the industry,” stated Mr. Jifan Gao, Trina Solar’s Chairman and Chief Executive Officer. “Both Wacker and Trina Solar share a long-term vision for the solar photovoltaic industry and we look forward to working together to develop this industry.”
This agreement with Wacker is an important achievement for Trina Solar as it secures some of the Company’s high quality polysilicon supply requirements for the long-term development of its fully integrated business model. With an extensive portfolio of hyperpure silicon for photovoltaic applications, Wacker ranks among the world’s leading manufacturers in this field and Trina looks forward to a long-term cooperation with Wacker.
About Trina Solar Limited:
Trina Solar Limited (NYSE: TSL), through its wholly-owned subsidiary Changzhou Trina Solar Energy Co., Ltd., is an integrated solar photovoltaic products manufacturer based in China. The company began research and development efforts in solar products in 1999 and in 2002 it started the system integration business. The company moved into the assembly of solar modules in 2004 as well as the manufacturing of monocrystalline ingots and wafers in 2005 and 2006, respectively.