September 12, 2008: 10:11 AM EST
NEW YORK (Associated Press) - Trina Solar Ltd., a Chinese solar photovoltaic products manufacturer, said Friday it has reached a two-year agreement to sell 50 megawatts of solar modules to Belgium-based Invictus NV.
Trina's subsidiary, Changzhou Trina Solar Energy Co. Ltd., will sell Invictus 20 megawatts of product in 2009 and 30 megawatts in 2010 at predetermined prices. There also is an option to sell Invictus an additional 10 megawatts of product each year.
Financial terms of the agreement were not disclosed.
The Changzhou, China-based company said it has now sold about 70 percent of its estimated 2009 target of 450 megawatts of products.
Trina manufactures solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules.
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