• Most Popular
  • Most Shared

UPDATE 1-Solar company Trina signs China market deal

Tue Dec 1, 2009 8:43am EST

Stocks

   

* Solar to supply 8 MW of solar modules in China

* Also gets OK for China government program

NEW YORK, Dec 1 (Reuters) - Chinese solar company Trina Solar Ltd (TSL.N) said on Tuesday it entered into a sales agreement to supply approximately 8 megawatts of photovoltaic (PV) modules to the Chinese domestic market.

It also said it has received Chinese government approval for a project of about 2 MW under the Golden Sun program, which aims to install approximately 20 MW of solar power capacity in every province of the country.

Trina Solar, which is based in Changzhou, China, gave no other details, but said the 8 MW sales agreement was to supply PV modules at predetermined prices. Shipments began last month and are scheduled to continue through the end of this year.

In October, the company announced a sales deal with solar distributor PROINSO for 108 megawatts worth of solar panels to boost its market share in Europe.

The company manufactures solar products from the production of ingots, wafers and cells to the assembly of PV modules. (Reporting by Steve James, editing by Maureen Bavdek)



More from Reuters

Tea Party member Mike Kopczyk holds a sign during a rally marking the one-year anniversary of the movement in Troy, Michigan February 27, 2010. Some Tea Partiers say they can pinpoint the precise moment when they made it clear to the Republican Party they had no intention of being its lapdog. Picture taken February 27, 2010. REUTERS/Rebecca Cook

Special Report: Tea Partiers vs. Republicans

Tea Partiers want it known that they are not Republican Party lapdogs, but are they a fringe movement or a sleeping giant, awakened?  Full Article 

    Couple picks up the wedding ring during the Santo Antonio weddings in Lisbon's Cathedral

    Hedge fund matchmakers blue

    Unable to rid itself of the whiff of scandal, the rent-an-expert business for hedge funds must now deal with a dwindling clientele.   Full Article 

    Regulation
    A host shows off the back of Apple's new "iPad" in San Francisco, January 27, 2010. REUTERS/Kimberly White

    Once bitten, twice shy of Apple

    European carriers sacrificed profits to carry the iPhone. They won't make that same mistake with the iPad.   Full Article 

    technology