Trina Solar Limited (NYSE:TSL) announced it has successfully sold its 50 MW solar power plant in Wuwei, Gansu province to Huadian Fuxin Energy Corporation (HK: 00816) (Huadian Fuxin). Huadian Fuxin will assume 100 percent ownership of the project from Trina Solar with the completion of the transaction.
"We are delighted to have successfully sold our first large-scale project in China," said Mr. Jifan Gao, chairman and CEO of Trina Solar. This transaction represents a significant milestone for Trina Solar, as it showcases our ability to develop large-scale downstream projects with a complete project cycle from designing, construction, operation to the final sale. Huadian Fuxin is one of China's leading clean energy companies and we are pleased to have this opportunity to work with such a strategic partner."
Mr. Gao added, "Wuwei is an ideal location for a solar plant because of its abundant solar resources. Trina has strong capabilities in building highly efficient systems and we look forward to developing additional projects in the region. Our successful sale of the Wuwei power plant, coupled with Trina's global branding strength, services and superior product quality demonstrate a good start for 2014 as we make more progress with our downstream projects pipeline in China."
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