Trina Solar (TSL) has priced an offering of $120 million of senior convertible notes due 2013 and up to 4073194 ADS shares and has granted the underwriters of the notes the right to purchase an additional $18 million. Trina Solar intends to use the proceeds for the expansion of manufacturing lines for the production of silicon ingots, wafers, solar cells and solar modules, the purchase of raw materials, research and development and other purposes.
The … Read the rest
Trina Solar (TSL) said it expects 2nd quarter revenue at 200 – 205 million while analysts had expected 174 and also said it expects to meet or beet its 2008 revenue target of 770 – 808 million. “We are very pleased with our strong growth in the second quarter,” said Trina Solar Chairman and CEO Jifan Gao said… Read the rest
Trina Solar (TSL) & Enerpoint have agreed to add a new sales agreement which has TSL supplying Enerpoint with 5MW of photovolatic solar modules in 08 and another 22MW in 09.
Arturo Herrero, vice president of sales and marketing at Trina Solar, said: "Trina Solar is pleased to have entered into this renewed sales agreement with Enerpoint to reinforce this important partnership in Italy. Enerpoint’s wide distribution network, together with Trina Solar’s high quality modules … Read the rest