Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic modules, solutions and services, announced today that it has signed an EPC contract with Fresh Fruits Company, a food storage and logistics company in Amman, Jordan, for a 2 MW rooftop solar power plant on the company's stores and warehouses. Under the contract, Trina Solar is responsible for the engineering, procurement, and construction of the project. The project will use Trina Solar TSM-PC05A Honey 260 Wp, high efficiency modules that adapt well to dry and high temperature conditions prevalent in the Middle East.
This will be the first mega-scale rooftop solar power project in Jordan. The construction is scheduled to start in March this year and is expected to be completed in the third quarter of 2014. The 2 MW rooftop solar power project is estimated to produce 3,200 MWh every year. The utilization of this solar power project will prevent emissions of approximately 38,400 tons of CO2.
"We are delighted to have been awarded this mega-scale project in Jordan," said Mr. Jifan Gao, Chairman and CEO of Trina Solar. "Our successful selection as the EPC provider for this project demonstrates our ability to develop large-scale projects in the Middle East."
Mr. Gao added, "For oil and natural gas importing countries like Jordan, they are vulnerable to fluctuations in global oil and natural gas prices. Solar energy provides Jordan with a viable alternative and we see huge potential for growth in this market. Following this EPC contract and a previous supply contract for 1 MW of Trina Honey photovoltaic modules also in Jordan, we will continue to actively pursue new opportunities in this emerging market."
"The rooftop solar power project will be of great benefit to our business," commented Mr. Omar Hashlmon, General Manager of Fresh Fruits Company. "Our business of operating cold stores is an energy intensive operation. This project will significantly contribute to a reduction in our annual electricity expenditure. It will also be a sound investment for our company due to the expected quick recovery of the initial investment thanks to favorable renewable energy policies enacted by the local government."
Mr. Omar Hashlmon added, "We received more than 20 offers from both local and international companies. Trina Solar stood out due its experienced team consisting of strong local technical professionals in the Middle East and its commitment to excel in project development in the region. Trina Solar's support will enable us to gain necessary approvals from the local government. We believe Trina Solar is the most reliable partner for this, the largest solar project in Jordan."
"We are delighted to have been awarded this mega-scale project in Jordan," said Mr. Jifan Gao, Chairman and CEO of Trina Solar. "Our successful selection as the EPC provider for this project demonstrates our ability to develop large-scale projects in the Middle East."
Mr. Gao added, "For oil and natural gas importing countries like Jordan, they are vulnerable to fluctuations in global oil and natural gas prices. Solar energy provides Jordan with a viable alternative and we see huge potential for growth in this market. Following this EPC contract and a previous supply contract for 1 MW of Trina Honey photovoltaic modules also in Jordan, we will continue to actively pursue new opportunities in this emerging market."
"The rooftop solar power project will be of great benefit to our business," commented Mr. Omar Hashlmon, General Manager of Fresh Fruits Company. "Our business of operating cold stores is an energy intensive operation. This project will significantly contribute to a reduction in our annual electricity expenditure. It will also be a sound investment for our company due to the expected quick recovery of the initial investment thanks to favorable renewable energy policies enacted by the local government."
Mr. Omar Hashlmon added, "We received more than 20 offers from both local and international companies. Trina Solar stood out due its experienced team consisting of strong local technical professionals in the Middle East and its commitment to excel in project development in the region. Trina Solar's support will enable us to gain necessary approvals from the local government. We believe Trina Solar is the most reliable partner for this, the largest solar project in Jordan."