CHANGZHOU, China, Aug. 11 /PRNewswire-Asia-FirstCall/ -- Trina Solar
Limited (NYSE: TSL) ('Trina Solar' or the 'Company'), a leading integrated
manufacturer of solar photovoltaic products from the production of ingots,
wafers and cells to the assembly of PV modules, today announced that it has
been selected by Renewable Ventures, a Fotowatio company ('Renewable
Ventures'), to supply modules for a two-MW PV project in Fort Collins,
Colorado. Shipment under this agreement has already commenced.
AMEC, an international engineering and project management company, will
construct a 15-acre solar array on the Foothills campus of Colorado State
University. Upon completion, the solar array is expected to be one of the
largest solar installations at a U.S. university. The system is being
developed under a 20-year power purchase agreement with Renewable Ventures and
is projected to generate sufficient solar power to provide more than 10% of
electricity needs for the university's Foothills campus.
This project is the first to be financed under Renewable Ventures' Solar
Fund V, a $200 million fund designed to finance and develop around 35 MW of
solar projects in the next year. The fund is structured to include both debt
from John Hancock (a unit of Manulife Financial Corporation) and equity from
Renewable Ventures and Wells Fargo, and will enable the construction and
permanent financing of around 35 MW in 2010.
'Trina Solar is pleased to partner with Renewable Ventures and AMEC to
build clean, green renewable projects across the United States and Europe,'
said Mr. Arturo Herrero, Vice President of Sales & Marketing at Trina Solar.
'We believe Colorado State University's large solar installation and
commitment to green campus efforts will further encourage solar adoption at
other universities throughout the United States.'
'We are very pleased to work with Trina Solar on this Colorado State
University solar project,' said Mr. Matt Cheney, CEO of Renewable Ventures.
'Trina Solar has a proven track record, and their demonstrated experience and
commitment to their customers made them an excellent choice.'
'We are delighted to partner with Renewable Ventures and Trina Solar on
this important renewable energy project,' said Mr. Tim Gelbar, President of
AMEC's Power and Process Americas.
