The initiative is driven by investment from the Changzhou State-Owned Asset Investment Corporation, Changzhou Trina Solar Energy Co., Ltd., and the Changzhou Foreign Language School. The Changzhou Trina International School is also supported by the Changzhou New District Government and the Changzhou Education Bureau.
The international school will primarily attract children from the expatriate community, as well as students from within Jiangsu Province who have demonstrated outstanding academic achievement. The goal of creating a school of recognized international standards is to meet the city’s growing demand for a first-class international education service, and will serve as an important pillar to attract international talents to Changzhou. The private school will provide international curricula for kindergarten, elementary, middle school and high school students, and is expected to open operations in the fall of 2012. The Company will invest an estimated $11.9 million for an approximate 31% equity stake.
“We are extremely proud to be involved in the establishment of the Changzhou Trina International School, which will help to educate young people and promote academic excellence in an environment of cultural diversity,” said Jifan Gao, Chairman and CEO of Trina Solar. “This non-profit venture will meet the educational needs of the children of the foreign expatriate community, as well as outstanding students from the province.
In addition to providing benefits in line with our Corporate Social Responsibility commitments, we believe the school’s establishment will offer Trina Solar a strategic competitive advantage in attracting and retaining first class solar industry management over the long term, as well as R&D talent to complement the opening of our National PV Research Laboratory within our Changzhou Trina PV Park.”
Trina Solar Limited (NYSE: TSL), through its wholly-owned subsidiary Changzhou Trina Solar Energy Co. Ltd., is a leading manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded 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.