Trina Solar Limited, an integrated manufacturer of photovoltaic (PV) products, today announced that it has entered into a sales agreement with ERGYCA Power Srl, a subsidiary of Italy-based GreenergyCapital SpA (GEC.MI).
Under this fixed-price, three-year agreement, Trina Solar will supply GreenergyCapital with PV modules at a total value of US$158 million dollars.
"We are very pleased to have entered into this important agreement with GreenergyCapital, which allows us to further expand our well-recognized brand in the Italian market," stated Mr. Jifan Gao, Trina Solar's Chairman and CEO. "We look forward to continuing our long-term relationship with GreenergyCapital, as they expand their core business of producing and selling electrical power from renewable energy sources.''
Mr. Luca D'Agnese, CEO of GreenergyCapital SpA said, "This is the most important long-term agreement for our PV module supply. It is relevant for the strategy of GreenergyCapital and its controlled companies focused in PV power plant construction".
About Trina Solar Limited
Trina Solar Limited through its subsidiary Changzhou Trina Solar Energy Co. Ltd, is a recognized manufacturer of PV modules. Trina Solar is currently one of the few PV manufacturers that has developed a vertically integrated business model from the production of monocrystalline and multicrystalline ingots, wafers and cells to the assembly of high quality modules.
GreenergyCapital is a Milan-based investment company specialized in the fields of renewable energies and energy saving products. Established in 2007, the company's objective is to take advantage of the opportunities offered by the fast growing green energy business, both in Italy and Europe.
GreenergyCapital pursues a strategy of diversification of its investments by seeking a presence in several green technologies (i.e., solar, biomass, and wind energy) as well as various segments within the industrial value chain, ranging from basic technologies, plant construction and power generation.