Under the terms of the agreement signed in November 2009, Trina Solar is increasing its 2010 committed quantity to ENERQOS to 23 MW of PV modules in 2010 from 2 MW in 2009. Shipments include 13 MW and 10 MW of PV modules for the first and second half of 2010, respectively, with agreed prices for the first and second quarter of 2010.
"We are excited to expand our relationship with ENERQOS, a leading European engineering company which provides traditional EPC services, as well as high value added services and system integration capabilities," said Ben Hill, Vice President of Sales and Marketing (Europe) at Trina Solar. "This strategic combination of Trina Solar’s high quality modules and ENERQOS’s extensive field experience and expertise in supplying turnkey solar systems solutions will allow Trina Solar to realize market share gains across rapidly growing photovoltaic markets in Europe."
"We are very pleased to partner with Trina Solar, a top-tier manufacturer, and to integrate its technology in the design of high performance PV systems," said Mauro Marcucci, CEO of ENERQOS. "This is in line with our strategy to constantly offer new engineering solutions, developing a wide range of Value Added Services in order to grant superior systems performances in the long run. Moreover this partnership with one of the major players in the PV market will allow Enerqos to ensure a greater security of modules supply to our customers."
Trina Solar Limited (NYSE:TSL) , through its wholly-owned subsidiary Changzhou Trina Solar Energy Co. Ltd.,is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since its foundation in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that have developed a vertically integrated business model from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. Trina Solar’s products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar’s website at http://www.trinasolar.com/ .
Enerqos is one of Italy’s largest turnkey suppliers of solar systems and plants. Its headquarters are located in Monza (MI) and the company has offices in Rome, Navacchio (Pisa), as well as subsidiaries in France and Greece. The company was created four years ago by a group of managers with relevant international experience, and has succeeded in establishing itself as a key player in the solar parks and PV systems industry in Europe. Recently, Climate Change Capital, a private equity fund specialised in renewable energies and energy efficiency, invested €10M in the company.