Trina Solar (NYSE:TSL) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic (PV) products, has announced at an opening ceremony that its APMEA (Asia Pacific, Middle East and Africa) headquarters in Singapore have been put into formal operation.
"Following the establishment of our APMEA headquarters last year, APMEA countries have continued to step up their support for the solar industry, paving growing demand for PV products, PV-related systems and technological developments," commented Mr. Jifan Gao, Chairman and CEO of Trina Solar. "As an important part of Trina Solar's global strategy, the APMEA headquarters have played a key role in our business development activities during the last year. With the headquarters being put into formal operation, our presence and capabilities in these regions will be strengthened considerably."
Mr. Jifan Gao added, "We would like to thank the Singapore Economic Development Board for their support, which enabled us to formally put our APMEA headquarters into operation quickly and smoothly."
Trina Solar's APMEA headquarters provide management functions covering administration, sales, project development, R&D, logistics and purchasing operations. The administrative regions include Singapore, Thailand, Malaysia, the Philippines, India, Japan, Australia, New Zealand, as well as Korea, the Middle East and Africa.
"We are highly optimistic about APMEA solar opportunities due to both market potential and positive policy support," said Dr. Haiyan Sun, President of APMEA at Trina Solar. "Japan has set attractive Feed-in-Tariffs for solar energy power generation as part of its efforts to replace nuclear power, while both India and Saudi Arabia have proposed ambitious solar power strategies. We also believe Southeast Asia and Africa present solid business opportunities and are encouraged by the fact that solar energy has already reached grid parity in Australia."
Dr. Sun added, "We believe our world-class team based at the APMEA headquarters is well-positioned to support developments in our business as we respond to changes in the global solar market and in particular, the rise of emerging solar markets. Thanks to Singapore's strong local talent pool, we look forward to further growing our team."
"We congratulate Trina Solar, a global solar energy leader, on formally opening its Asia-Pacific, Middle East and Africa Headquarters in Singapore," said Mr. Quek Swee Kuan, Assistant Managing Director of the Singapore Economic Development Board. "We are pleased that Trina Solar is leveraging Singapore's strengths in project development, technological capabilities, availability of talent and connectivity to the region. Trina's APMEA Headquarters will increase the vibrancy of the cleantech industry in Singapore, and affirm Singapore's position as a platform for Asian cleantech enterprises to tap fast-growing regional markets."
