Trina Solar Strikes European Sales Deal

CHANGZHOU, China (TheStreet) -- With its eyes firmly affixed on Europe, China-based Trina Solar(TSL Quote) announced today that it made a deal to sell photovoltaic solar modules to a European solar products distributor.

According to a press release issued Thursday, Trina Solar will provide about 108 megawatts worth of modules to PROINSO. With shipments continuing through the first half of 2010, Trina announced plans to ship 38 megawatts in the fourth quarter of this year and another 42 megawatts in the beginning of 2010. The modules will be used in solar projects throughout Europe, most notably in Spain and Italy. PROINSO will also have the option to buy another 12 megawatts in the first quarter of next year.

"The combination of PROINSO's extensive experience and expertise in solar energy products, coupled with Trina Solar's recognized quality, will allow us to further increase market share in established markets across Europe," Trina Solar's Ben Hill, Vice President of Sales and Marketing in Europe, said.

American depositary receipts for Trina Solar finished higher on the day, adding 46 cents, or 1.3%, to close at $35.81.

Elsewhere, First Solar(FSLR Quote) and SunPower(SPWRA Quote) shares finished higher, too, adding 1.4% and 2.9%, respectively.

Losing ground were Suntech Power(STP Quote), Yingli Green Energy(YGE Quote) and Canadian Solar(CSIQ Quote), which slid 1.5%, 0.3% and 0.3% each.

-- Written by Sung Moss in New York

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