Trina Solar Limited ("TSL"), a global leader in photovoltaic modules, solutions and services, announced today that it has recently reached an agreement to supply 1MW of Trina Honey photovoltaic modules to Mustakbal Clean Tech ("Mustakbal"), a EPC specialist focused on the Middle East and North America markets and the international photovoltaic system integrator Phoenix Solar Pte Ltd ("Phoenix Solar"), the Asia Pacific headquarters of German-based Phoenix Solar AG, for use in Jordan's biggest and first large-scale solar power project.
The power project, owned by the Ma'an Development Company ("MDC"), will be built jointly by Phoenix Solar and Mustakbal. The electricity generated by the solar power project will cover 100 percent of the electricity needs of two student dormitory buildings in the Ma'an Development Area Residential Community in Ma'an, making them zero net energy buildings and a showcase for solar technology in Jordan. Upon completion, the 4,032 Trina solar modules will generate approximately 2,000 MWh of solar electricity annually, enough to mitigate 24,000 metric tonnes of CO2 per year.
Trina Solar's Honey series modules were chosen because of their high efficiency and performance under harsh environmental conditions. All of Trina Solar's panels come with a 10-year workmanship warranty and a 25-year linear power output warranty.
"This new collaboration with Phoenix Solar and Mustakbal recognizes once again Trina Solar's wide experience as a solar leader and the reliability of our products and services," commented Mr. Jifan Gao, Chairman and CEO of Trina Solar. "This is significant for Trina Solar and we are thrilled to see our modules being used in Jordan's largest solar power project. Jordan is a rapidly emerging solar market and today's announcement marks Trina's continued progress in our strategy of geographical and market diversification. We see great potential in the Middle East and Jordan in particular, and we will continue to actively pursue further opportunities for ongoing expansion which we have identified in these markets.
Mr. Gao added, "We have established a strong, experienced local team in the Middle East, who work closely with our partners in the region, providing ongoing technical and product support on-the-ground. We estimate that Trina Solar currently enjoys approximately 50 percent of the solar market in Jordan and we expect to continue to grow our market presence as we move into 2014."
"Trina Solar's support was instrumental in our success in the Ma'an and other projects. We look forward to building on this year's successful cooperation with further in-depth collaboration well into the future. The responsible and efficient way in which Trina Solar operates makes them an extremely reliable partner," commented Dr. Ala Qubain, CEO of Mustakbal Clean Tech.
The modules will start to be shipped before the end of 2013, with the project expected to be completed in the second quarter of 2014.
Trina Solar Limited (NYSE:TSL) is a global leader in photovoltaic modules, solutions and services. Founded in 1997 as a PV system integrator, Trina Solar today drives smart energy together with installers, distributors, utilities and developers worldwide. The company's industry-shaping position is based on innovation excellence, superior product quality, vertically integrated capabilities and environmental stewardship.