Trina Solar Announces Resignation of Chief Financial Officer and Appointment of Interim Replacement
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|Trina Solar Signs Investment Framework Agreement to Develop 1GW Solar Power Plant Project in Xinjiang, Western China|
Under the agreement, the solar power plants totaling 1GW are scheduled to be built in multiple phases over a four year time frame starting from early 2014. The commencement of each phase of development is subject to certain conditions, including approvals from the local government and State Grid. The first two phases of the project, with installed capacity of 300 MW, are scheduled to be completed and connected to the grid by the end of 2014, subject to receipt of the required approvals. Upon receiving approval for phase one,
Mr. Gao added, "The solar plants will ensure a stable supply of clean energy and improve reliability of electricity supply to the surrounding regions. At the same time, the module production facility will also create jobs and stimulate the growth of the local economy. We look forward to working in close collaboration with the local authorities to satisfy the conditions needed for phase one to commence in the first quarter of 2014."
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance its activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the Company; the Company's ability to operate as a public company; the period of time for which the Company's current liquidity will enable the Company to fund its operations; general economic and business conditions; demand in various markets for solar products; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the
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