Trina Solar (TSL) along with many of its competitors have been whacked on news that Germany will cut solar subsidies, but there is some good news to report out of Germany for Trina Solar this morning. The company has announced an agreement with ITEC for 40MW in solar modules to be delivered this year – 18MW in the first half. Prices have been agreed on for the first quarter and shipping has already begun.
Said Trina VP of sales Ben Hill, “We are very pleased to announce this agreement, which demonstrates Trina Solar’s established brand recognition in Germany. This reflects the continued strong demand for our high quality modules from our growing distributor and system integrator partners throughout Europe.”
Shares of TSL are up about 1% in premarket trading.