Trina Solar Signs Sales Agreement with the Belgian Company Invictus NV

Changzhou, China - Trina Solar Limited, integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, announced that its subsidiary, Changzhou Trina Solar Energy Co., Ltd., has entered into a sales agreement with Invictus NV, a Belgium company (Invictus), member of the Benelux TEC-Servicegroup (former Group GACS).

Under this two year agreement starting in 2009 with predetermined prices, Trina Solar will supply Invictus with 20MW and 30MW for 2009 and 2010, respectively, with an option to purchase additional 10MW for each year. "We look forward to continue working with Invictus, which helps to strengthen our presence in the Benelux market," stated Arturo Herrero, Trina Solar's Vice President of Sales and Marketing. "This agreement further demonstrates our success in establishing commercial relationships with leading PV system integrators in emerging solar PV markets around the globe."

Jan Van der Henst, Chief Executive Officer of Invictus stated, "We are happy to enter into this sales agreement with a well established manufacturer like Trina Solar. Trina Solar has proven itself to be among the few vertically integrated companies in the industry, and we believe this agreement will strengthen our position in the Benelux."

After signing this sales agreement, Trina Solar has now secured the sale of approximately 70 percent of its estimated 2009 production target of 450MW. Approximately 40 percent of the 450MW target has been secured with predetermined prices.

Source: IWR Online, 15 Sep 2008