China-based photovoltaic company Trina Solar Limited (NYSE:TSL) will supply 25 megawatts of solar panels as part of the Bangchak Solar Energy Project's third phase in Thailand. Trina Solar is China's second biggest manufacturer of solar panels. The project in Thailand, owned by Bangchak Solar Energy Company, aims to generate 75 MW of renewable energy overall.
"We are very pleased to collaborate with BSE, a leading solar power plant operator in Thailand," said Jifan Gao, chairman and CEO of Trina Solar. "This is a significant module supply contract for Trina Solar in Thailand and demonstrates our continued commitment to delivering on our strategy of market diversification."
Trina Solar said Thailand is an emerging leader in Southeast Asia's solar market. The country's National Energy Policy Commission wants to install 1 gigawatt of solar power by 2014, according to a statement by Trina Solar. Thailand hopes to have utility-scale projects generate 2 GW by 2021, with rooftop panels and and ground-mounted solar projects driving this power generation as Thailand's solar industry grows.
Trina Solar will start shipments of modules for the project in late December.