CHANGZHOU, China, March 22, 2016 /PRNewswire/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions, and services, today announced that the Company's 40MW of solar PV modules has been operational in the largest solar project in the Philippines (the "Project"), which has started to generate clean and safe solar electricity. The Project was developed by Helios Solar Energy Corporation, a joint venture between local solar project developer Gregorio Araneta Inc ("GAI") and Equis Pte Ltd. ("Equis"), Asia's largest independent renewable energy developer and investor.
With renowned Bouygues Construction ("Bouygues") providing the engineering, procurement and construction management (EPC) services, the 132.5MW solar Project was built on a 170-hectare land area in Cadiz City of the Negros Occidental province. Cadiz City is located near the equator and the Project is situated approximately three kilometers from the coastline, where strong winds are common, high humidity and salty air prevail. The environmental conditions call for superior performance solar modules resistant to potential induced degradation (PID), salt spray corrosion and wind pressure, and Trina Solar's solar products are well equipped to meet the requirements.
"We are proud to have worked with GAI, Equis and Bouygues on this landmark project and look forward to future collaborations," said Helena Li, Assistant Vice President, Regional Head of APEC & Middle East Region at Trina Solar. "This partnership is largely a result of our long-running commitment to emerging markets. The Philippine solar industry has tremendous room for development, and the region's supportive policies towards renewable energy make it an attractive market for us. Looking ahead, we will continue to further expand our market share in the Philippines and other emerging markets in the region."
About Equis Pte Ltd.
Founded and headquartered in Singapore, Equis is Asia's largest independent renewable energy developer and investor. Equis is also Asia's largest independent energy and infrastructure fund manager. With more than US$2.7 billion of funds under management, Equis and its invested platforms employ over 500 professionals across thirteen (13) Asian offices in Manila, Aomori, Bangalore, Bangkok, Beijing, Brisbane, Hong Kong, Jakarta, Kasama, New Delhi, Singapore, Taipei and Tokyo.
About Bouygues Construction
As a global player in construction and services, Bouygues Construction, through its subsidiary Bouygues Energies & Services, designs, builds and operates buildings and structures which improve the quality of people's living and working environment: public and private buildings, transport infrastructures and energy and communications networks. Bouygues Construction has been a major actor in the solar EPC league since 2013 and has established its own proven track record in the solar industry by providing engineering, procurement, construction (EPC) and operation & maintenance services for renowned developers worldwide.
About Trina Solar Limited
Trina Solar Limited (NYSE:TSL) is a global leader in photovoltaic modules, solutions and services. Founded in 1997 as a PV system integrator, Trina Solar today drives smart energy together with installers, distributors, utilities and developers worldwide. The company's industry-leading position is based on innovation excellence, superior product quality, vertically integrated capabilities and environmental stewardship. For more information, please visit www.trinasolar.com.
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, the Company'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 Company's ability to operate as a public company; the period of time for which the Company's current liquidity will enable the Company to fund its operations; general economic and business conditions; demand in various markets for solar products; 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 Company and the industry in which the Company operates. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or 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, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
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SOURCE Trina Solar Limited
Trina Solar's PV Modules Operational in Largest Solar Project in the Philippines