Trina Solar Limited (ADR) (NYSE:TSL) Gets Contract To Supply Modules

Flavia Carruth - April 14, 2015

Trina Solar Limited (ADR) (NYSE:TSL) on Sunday, released a statement that it has won a contract to supply 33,000 PC14 modules to Solarcentury for a 9.9MWp solar farm project in Cocle, Panama. The high-powered modules will be used by Solarcentury to build a solar farm for ECOSolar, a solar invest company in Latin America.

Solarcentury will work alongside Hybrytec, a local solar company, to build a 9.9 MWp ‘Divisa Solar’ system. The solar farm will be one of the largest in Panama.

The PC14 module is considered one of the best and most trusted modules in the industry. The module has high-performance capabilities and reliability. It also has the high durability to work in challenging environment conditions.

PC14 has high power footprint that reduces the installation costs thereby increasing cost efficiency. The solar farm, once completed, will be able to produce enough energy to power 3000 homes in the area. This should help meet the growing energy demands in Panama.

Zhinguo Zhu, President and COO of Module Business unit is pleased at partnering with Solarcentury for the project. He further stated that Panama is well for solar energy due to its geography. He also stated his belief in the potential for solar energy in Latin America.

In related news, TrinaSolar also received a demand for 116 MW worth of high-efficiency modules from Tokyo Engineering. The solar modules will be used in a 231 MW facility that will be built in Setouchi City, Okayama. The order marks another milestone according to Zhu. He further added that the modules were selected on the basis of very stringent criteria.

The project will be managed by Setouchi Future Creations LLC and will use 446,000 pieces of Trina Solar TSM-260PC05A modules. The plant will be 260 hectares and is expected to become commercial by 2Q2019.

The shares of Trina Solar Limited (ADR) (NYSE:TSL) were trading up 3.7% to $12.28 on after the news was released.

Flavia Carruth

Hi, I am Flavia and have done my MBA with finance as specialization and a Bachelor in Economics with 4 years of experience as Financial Analyst in leading Software Firm. I have passion for article writing, report making and stock market Analysis.

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