Trina Solar Limited (NYSE: TSL), a manufacturer of solar photovoltaic products announced a six-year agreement to purchase silicon from Sichuan Yongxiang Polysilicon Co., Ltd.
Under the agreement, Sichuan Yongxiang Polysilicon will supply Trina Solar with enough polysilicon to produce approximately 1,300MW of modules, beginning in mid-2008.
Sichuan Yongxiang Polysilicon, a Leshan-based company in China’s Sichuan Province, is in the advanced stages of building a 10,000 metric ton polysilicon production facility with an initial phase of 1,000 metric tons launching next year.
“This agreement with Sichuan Yongxiang Polysilicon represents an important step in the execution of our strategy to expand our fully integrated PV module manufacturing capacity,” said Jifan Gao, Trina Solar’s Chairman and CEO. “This six-year agreement ensures that Trina Solar will receive large quantities of polysilicon at favorable prices and payment conditions in a market of tight polysilicon supply.”
With this contract and existing supply agreements, the company says it has secured approximately 70% of the polysilicon needed for 2008 production.
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL), through its wholly-owned subsidiary Changzhou Trina Solar Energy Co. Ltd., has developed a vertically integrated business model from the production of monocrystalline and multicrystalline ingots, wafers and cells to the assembly of PV modules.
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