Trina Solar (TSL) Enters Sales Agreement with PROINSO
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Trina Solar Limited (NYSE: TSL) announced today it has entered into a sales agreement with PROINSO.
Under the terms of the agreement, Trina Solar will supply PROINSO with approximately 108 MW of PV modules at predetermined prices. PROINSO has an option to purchase an additional 12 MW in the first quarter of 2010. Shipments are expected to commence in the fourth quarter of 2009 and are scheduled to continue through the first half of 2010. The modules are expected to be used in solar projects in the European markets, including Italy and Spain. Shipment deliveries of 38 MW and 42 MW are expected to be made in the fourth quarter of 2009 and the first quarter of 2010, respectively.
Financial terms were not disclosed in the release.
Trina Solar Limited 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.
PROINSO is part of the OPDE Group business group, which is comprised of the following companies: MECASOLAR, PROINSO, and OPDE. The group offers a complete solution that includes dual-axis solar tracker manufacturing, materials engineering and supply, installation and global development and construction of photovoltaic solar plants.
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