Italy’s largest power company, Enel.si, a subsidiary of Enel (ENEL.MI) has signed separate agreements with Trina Solar Ltd. (NYSE: TSL) and Suntech Power Hoding Co. Ltd. (NYSE: STP) for the supply of photovoltaic modules.
Under terms of a two-year agreement, Trina Solar will supply Enel with a total of 17 megawatts (MW) of PV modules starting in 2008, which includes 15 MW of scheduled delivery for 2009 at fixed prices.
Under a separate two-year agreement, Suntech will supply 30 megawatts of modules in late 2008 and 2009.
Italy’s current regulations make it one of the most attractive growth markets in the solar PV industry.
About Trina Solar
Trina Solar Limited, through its wholly-owned subsidiary Changzhou Trina Solar Energy Co. Ltd, is a manufacturer of PV modules. It 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. For further information, visit Trina Solar’s website at http://www.trinasolar.com .
About Suntech Power Holdings Co.
Suntech Power Holdings Co., Ltd. is a leading solar energy company as measured by both production output and capacity of solar cells and modules. Suntech offers one of the broadest ranges of BIPV products under the MSK Solar Design Line(TM). Suntech has sales offices worldwide and is a market share leader in key global solar markets. For more information, visit http://www.suntech-power.com .
About Enel
Enel is Italy’s largest power company, and Europe’s second listed utility by installed capacity. It produces, distributes and sells electricity and gas across Europe, North and Latin America. Further to the acquisition of the Spanish utility Endesa, Enel has a presence in 21 countries with 75,500 MW of generating capacity (on 31st December 2007) and serves more than 50 million power and gas customers.
Enel.si is active in photovoltaic, solar thermal, miniwind energy and other products and services related to an efficient use of power and gas. Enel.si has a strong marketing and sales network in Italy based on a franchising installers network.
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