Trina Solar Limited (NYSE: TSL), an integrated manufacturer of solar photovoltaic products announced that it has signed an agreement with GT Solar Incorporated to purchase $49 million worth of polysilicon production equipment.
The primary converter and reactor systems will be purchased in installments over 12 to 18 months, according to a Trina Solar release.
Jifan Gao, Trina Solar’s Chairman and CEO, said, "We believe GT Solar’s advanced technology will help Trina Solar to reduce cost in the long run in connection with our polysilicon production."
Tom Zarrella, GT Solar’s CEO, stated "Trina Solar’s order for our advanced polysilicon manufacturing equipment and technologies to support their upstream expansion plan is a strong indication of GT Solar’s continued expansion in the Asia market."
The agreement was signed through Trina Solar (Lianyungang) Co. Ltd., a subsidiary of Trina Solar, at the Washington International Renewable Energy Conference (WIREC).
This agreement is a part of the U.S. and Chinese governments’ cooperation framework in renewable energy. The signing ceremony was co-hosted by ACORE (American Council on Renewable Energy) and CREIA (China Renewable Energy Industries Association).
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL) is currently one of the few PV manufacturers that has developed a vertically integrated business model from the production of monocrystalline and multicrystalline ingots, wafers and cells to the assembly of high quality modules. The company has customers around the globe, including a number of European countries, such as Germany, Spain and Italy. Trina Solar’s solar modules provide power for residential, commercial, industrial and other applications.
About GT Solar
GT Solar Incorporated, a subsidiary of GT Solar International, is a key global provider of manufacturing equipment and turnkey manufacturing solutions across the photovoltaic supply chain. Based in Merrimack, NH (USA), the company’s products include equipment used to produce multi-crystalline solar wafers, cells and modules. GT Solar also manufactures polysilicon reactors, which allow its customers to produce polysilicon from which solar wafers are made. For more information, go to http://www.gtsolar.com.
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