September 16, 2008
Trina Solar Signs Sales Agreement With Invictus
Trina Solar has announced that its subsidiary, Changzhou Trina Solar Energy, has entered into a sales agreement with Invictus.
Under this two-year agreement starting in 2009 with predetermined prices, Trina Solar will supply Invictus with 20MW and 30MW for 2009 and 2010, respectively, with an option to purchase additional 10MW for each year.
After signing the sales agreement, Trina Solar has now secured the sale of approximately 70% of its estimated 2009 production target of 450MW. Approximately 40% of the 450MW target has been secured with predetermined prices.
Arturo Herrero, Trina Solar's vice president of sales and marketing, said: "We look forward to continue working with Invictus, which helps to strengthen our presence in the Benelux market. This agreement further demonstrates our success in establishing commercial relationships with leading photovoltaic system integrators in emerging solar photovoltaic markets around the globe."