Apr 24 2008
Trina Solar Limited, a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, founded in 1997, today announced that the Company has signed a long-term polysilicon supply agreement with SILFAB S.p.A.
Under this agreement, SILFAB S.p.A. will supply Trina Solar with virgin polysilicon sufficient to produce approximately 225 MW of solar modules in aggregate over six years. Delivery of polysilicon at predetermined prices will start in the first quarter of 2010.
"This long-term supply agreement with SILFAB S.p.A. will enhance our ability to expand our operations and meet our objective of becoming a leading global PV manufacturer. In addition, we believe that this contract, which offers attractive payment terms, together with our other long-term contracts, will enhance our ability to expand our margins in the long term as the cost of solar energy approaches grid parity," said Jifan Gao, Trina Solar's Chairman and Chief Executive Officer.
"We look forward to developing a close relationship with Trina," said Franco Traverso, SILFAB S.p.A.'s Chairman and CEO. "We are pleased to become one of Trina Solar's key suppliers and to help them with the supply of polysilicon."