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CIG: Trina Solar Ltd. Signs massive Chinese deal.

Ongoing major investment shows why China is taking the global lead in renewable energy technologies.

FOR IMMEDIATE RELEASE

PRLog (Press Release) - Dec 02, 2009 -
CIG has been informed of another major renewable energy deal with Trina Solar Ltd, a Chinese solar energy firm announcing recently that it had entered into a sales agreement to supply about 8 MW of photovoltaic (PV) modules to the Chinese domestic market, one of the fastest growing in the world.

Trina Solar said it had received Chinese government sanction for a project of about 2 MW under the Golden Sun program, which intends installing in the region of 20 MW of solar power capacity in each of the 22 provinces.

The Changzhou, China based company would release no further details, but said the 8 MW sales agreement was to supply photovoltaic modules at prearranged prices. CIG understands that delivery of the modules began in November and is expected to continue until early next year.

Earlier in the year the firm announced another large sales contract with Spanish solar company PROINSO for 108 MW worth of solar panels in its drive to boost its European market share.

The firm’s core business is the manufacture of solar products from the production of ingots, cells and wafers to the assembly and installation of photovoltaic modules.

Also, the UN has recently announced that a panel will shortly rule on whether 7 Chinese wind farms will be eligible for climate financing worth almost  $54 million, and if the projects can market carbon offsets.

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CIG is an exclusive, members only, off shore, private equity investment firm that provides consulting services to like minded members of the private equity and alternative investment community.

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Source:CIG LLC
City/Town:Manhattan
State/Province:New York
Country:United States
Industry:Business, Environment, Fitness
Tags:, , , , , , ,
Last Updated:Dec 02, 2009
Shortcut:http://prlog.org/10435916
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