Trina Solar Response to Allegations of Solar Panel Dumping in Europe
ZURICH, Switzerland, July 27, 2012. www.SolarThermalMagazine.com
Trina Solar Limited TSL -1.14% (“Trina Solar” or the “Company”) offers the following statement regarding the EU ProSun Initiative Group’s announcement that a formal request was rendered with the European Commission to investigate alleged unfair importation of solar products made in China.
Trina Solar believes that its transactions with customers in Europe were made in accordance with fair trade practices. It has, and will continue to, adhere to prudent and recognized industry practices and standards in the European Union. Trina Solar is confident that these facts will be affirmed with the proceedings.
“Trina Solar’s track record of technology innovation has contributed to great value creation for our global and European partners,” said Jifan Gao, Chairman and Chief Executive Officer of Trina Solar.
“We remain committed to the strong relationships we have developed in the European solar industry and will continue to deliver industry leading solutions together with our customers,” added Ben Hill, President of Trina Solar Europe. “Open markets and increased competition have made solar energy in the European Union affordable, contributing to an increasingly diversified European energy mix and progress toward the ambitious EU 2020 climate change targets and 2050 roadmap. Today, the price for solar energy is already competitive with more carbon-intensive energy sources in some areas in Europe. A misguided trade conflict could undermine years of solar industry progress, investment and innovation in Europe,” said Mr. Hill.
As before, Trina Solar remains dedicated to bringing the sustainable benefits of clean and innovative solar energy products and services to residential, commercial and utility scale customers worldwide.
About Trina Solar Limited
Trina Solar Limited TSL -1.14% 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. For further information, please visit Trina Solar’s website at http://www.trinasolar.com .
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company’s ability to raise additional capital to finance the Company’s activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the Company; the Company’s ability to operate as a public company; the period of time for which the Company’s current liquidity will enable the Company to fund its operations; general economic and business conditions; demand in various markets for solar products; the volatility of the Company’s operating results and financial condition; the Company’s ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company’s filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
SOURCE Trina Solar Limitedchief executive officer, solar industry, solar renewable energy, sustainable benefits
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