Trina Solar with Gestamp Solar to Power Renault's Manufacturing Sites
Trina Solar, a leading integrated manufacturer of solar photovoltaic (PV) products from ingots to modules, today announced that through its subsidiary, Trina Solar (Spain) S.L.U., it has signed a sales agreement with Gestamp Asetym Solar, S.L. ("Gestamp Solar"), a well-established Spanish-based developer of large-scale solar energy projects, to power Renault's manufacturing plants in France.
Under the terms of the agreement, Trina Solar is expected to supply Gestamp Solar with 55 MW of the Company's solar modules. Deliveries are set to commence in June and extend through November 2011 at agreed prices set in US dollars. These modules are expected to be installed on Renault's manufacturing sites in France, including Douai, Maubeuge, Flins, Batilly and Sandouville.
Upon completion of the project, Trina Solar's modules are expected to cover approximately 415,000 square meters of parking lots shelters, equivalent to approximately 55 European football fields. Annual electricity production is estimated to be sufficient to power the needs of a city of approximately 14,000 inhabitants.
"We are very pleased to announce our continued collaboration with Gestamp Solar on the largest solar photovoltaic project in the automotive industry," said Ben Hill, Trina Solar's Vice President of Sales and Marketing in Europe. "We are glad to combine our high quality modules and premium service to deliver cost-effective PV solutions for Renault's manufacturing sites in France, and raise awareness of the widespread adoption of solar energy."
"Gestamp Solar is excited to partner with Trina Solar, a vertically integrated Tier-one solar manufacturer," said Alfredo Gonzalez-Izquierdo, Production Director of Gestamp Solar. "Trina Solar's industry leading solar reliability and quality matches perfectly with our mission to provide global services to our clients and become a leading company in all stages involved in the development of the solar business."
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL) is a leading manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that have developed a vertically integrated business model from the production of monocrystalline and multicrystalline ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.com.
About Gestamp Solar
Gestamp Solar, the photovoltaic energy subsidiary of Gestamp Renewables, works at all levels in the value chain in photovoltaic solar energy development, from the conception and industrialization of metallic structures through to the definition and delivery of "turnkey" projects. Gestamp Solar has thus far taken part in the development of more than 300 MW of photovoltaic energy and has a portfolio of 550 MW through 2013 in France, Spain, Italy, the USA, India and South Africa. For further information please visit www.gestampsolar.com.
The Renault Group, present in 118 countries, designs, develops, manufactures and sells a broad range of vehicles. Its full range of electric vehicles accessible to all is the standard-bearer of its environmental commitment. Renault pursues its strategy of profitable growth under the Renault, Dacia and Renault Samsung Motors brands. The Renault group employs 121 000 people worldwide, reported a net revenue of EUR38,971 and has sold more than 2.6 million vehicles in 2010.