Boston, MA 06/17/2014 (wallstreetpr) – Trina Solar Limited (ADR) (NYSE:TSL) is the lucky winner of a sweet contract to supply solar panels with 23 megawatts of capacity for a Chinese rooftop project. The China’s largest profitable solar panel maker is supplying the products to Linuo Solar Power.
The products will be installed in rooftops that cover 500,000 square meters and will produce 2,990 kilowatt hours of electricity on an annual basis. The project will also reduce carbon dioxide emissions by 28,674 tons, which is an important mission for the Chinese government in combating climate change.
Controlling air quality
Talk about reducing carbon dioxide emission and the Chinese government has an ambitious energy policy to promote alternative energy sources to help control air quality in the country. The clean energy policy provides a huge business opportunity for solar companies such as Trina because of the large scale solar orders and incentives that came with such projects. The country targets 8 GW distribution generated solar installations this year alone with more ambitious targets in the future.
Trina solar also basks in good light in the solar power market because of its quality products that customers have come to associate with success in meeting the stringent regulatory requirement in China and beyond.
The company intends to complete the delivery of the 23 MW order this month. Its target is to develop between 400 and 500 MW downstream solar projects this year. Trina expects its module shipment for this year to touch 3.8 GW.
Capitalizing on growth opportunities
Trina Solar Limited (ADR) (NYSE:TSL) intends to make good of the opportunities presented by China’s aggressive adoption of clean energy especially solar. The company continues to improve its products quality and expand market share to in China and global solar industry.
The company recently boosted its financial position through a debt offering in an apparent effort to increase its financial capacity in meeting its capital need. The company generated about $239 million in American depository receipts and debt offering.
