Trina announced on January 11th that it successfully completed and connected three distributed generation ("DG") projects (the "Projects") totaling 27 MW to the grid in Suqian City, Jiangsu Province, China at the end of December 2015.
Powered by approximately 110,000 Trina Solar "Honey" modules, the Projects are installed on the rooftops of three large manufacturing factories located in the Suqian Economic & Technological Development Zone ("SEDZ"). Wholly owned by Trina Solar, the green electricity that the Projects generate is expected to reach approximately 30 million kWh per year over the next 20 years, and is being supplied to the local grid to energize the SEDZ through power purchase agreements, which, on average, will reduce up to 29,000 tons of carbon dioxide emissions annually. The Projects are eligible for a 20-year benchmark on-grid tariff of 1.0 RMB/kWh based on the former feed-in-tariff program in China. In addition, the Company will provide operations and maintenance services ("O&M") to the Projects.
"We are pleased to announce the addition of these three DG installations in the SEDZ to our portfolio of DG projects that went online in the 4th quarter of 2015," commented Mr. Longxing Huang, Vice President and President of the Distributed PV Generation Business Unit of Trina Solar. "The area is a state-level development zone, where rapid industrial expansion and local government's commitment to diversifying its energy mix continues to boost the prospects of solar installations. In particular, the large number of facilities within the zone that have massive flat roofs makes it particularly well suited for the deployment of DG solar energy. We will continue to execute the remaining DG projects within our pipeline in this region in 2016 by leveraging our leading technological expertise and outstanding project development and O&M capabilities. With the grid connection of these projects, along with various other initiatives, we believe our strong finish to the year leaves us particularly well positioned as we head into 2016."
