Tuesday, March 11, 2008

Trina Solar to purchase solar capital equipment from GT Solar

10th March 2008

Chinese photovoltaic equipment maker Trina Solar has signed an agreement to purchase primary converter and reactor systems for its planned polysilicon production project from GT Solar for a total consideration of approximately $49 million, with the purchase price to be paid in installments over an approximate period of 12 to 18 months.

The agreement was signed by Trina Solar Lianyungang, a subsidiary of Trina Solar, at the Washington International Renewable Energy Conference.

Senior government officials from both the US State Department and China's National Development Reform Commission attended this conference and expressed strong support for greater co-operation between companies of both countries. This agreement is a part of the US and China governments' co-operation framework in renewable energy.

Jifan Gao, Trina Solar's chairman and CEO, said: "We are very excited to further our partnership with GT Solar, who will provide us a world-class platform which is expected to extend our technology, brand and cost advantages to include silicon feedstock under our vertically integrated manufacturing model."

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