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Trina Solar To Deliver 30 MW To South Africa

January 29, 2013

With the share price down over 49 percent since February 2012, Trina Solar’s (TSL :NYSE) investors are clamoring for large deals. And they are receiving one today as the solar manufacturer announced they will be shipping 30 megawatts (MW) of solar modules to South Africa.

Madrid-based Gestamp Solar will take delivery of the modules in Q3 2013 and will install them at a 20 MW plant in Prieska and a 10 MW plant in De Aar. Back in November 2012 the solar developer announced the PPA and $107.8 million financing agreement for the projects.

Investors in Trina Solar should be brightened by the fact that this is the company’s first large order in South Africa. Like most of the solar industry, Trina Solar is being forced to look beyond Europe for customers and potential growth.

South Africa is a viable target as the country expects to install 8,400 MW of solar power by 2030.

Shares of Trina Solar were down 0.81 percent in early afternoon trading.

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