Trina Solar Limited (NYSE: TSL) has signed a strategic cooperation framework agreement with the Administrative Committee of the Hefei Xinzhan General Pilot Zone to develop up to 300 MW of distributed generation (DG) solar power and related projects in Hefei, Anhui Province.
The first phase of the project consists of a 30 MW commercial rooftop project, on which the company will start construction in the second quarter of 2015 and will be one of the largest single-unit commercial rooftop projects in China once completed. The 300 MW project will be developed in Heifei City, a pioneer in promoting local DG solar power development and had a great amount of installed capacity of DG solar power in China as of the end of 2014. The Xinzhan General Pilot Zone is the primary area for PV industry development in Hefei, and will assist Trina Solar to gain local government support. In return, Trina Solar will use its leading technology, human resource, products, and industry leading position to help further develop DG solar power projects in Hefei.
"This partnership is a strong strategic fit and marks the first significant step in our journey to build on our DG solar power business this year," commented Jifan Gao, Chairman and CEO of Trina Solar. "China's ongoing efforts to promote clean energy with supportive policies and reinforcement of the DG solar power projects development have resulted in increasing awareness and recognition in the market for DG solar power projects. We are excited and ready to work with a partner who shares our aspirations for DG solar power development in China, and we believe our first mover advantage will position us well to excel in the DG solar power sector. Moreover, the favorable external environment combined with our strong track record, long-established brand recognition, state-of-the-art products and effective marketing, make us highly confident that we can deliver on our goal of expanding our footprint in the DG solar power market this year."