Trina Solar released in 2008 fourth quarter and full year results

Fourth quarter 2008 financial and operating conditions of Focus

- Solar module shipments for 57.59MW, a decrease of 13.2% sequentially over the same period last year increased by 140.9%.

- Total turnover of 216.3 million U.S. dollars, 25.6 percent sequentially to reduce the same period last year increased by 113.4%.

- Gross profit 20,080,000 U.S. dollars, one of forms of non-cash inventory are 17 million U.S. dollars, gross margin was 9.6%, compared to gross

22.4% interest rate for the third quarter, inventory days for the impact of combined gross margin of 7.9%.

- A net loss of 700,000 U.S. dollars.

- American Depositary Shares per share earnings loss of 3 cents, from the fourth quarter of the impact of inventory resulting in a share American Depositary Shares

0.68 U.S. dollars for copies of receipts

- Net operating cash flow for the 57.2 million U.S. dollars

- Short-term debt than expected 248.6 million U.S. dollars a decrease of 40.8 million U.S. dollars, with a total credit limit increased from 150 million U.S. dollars

More than two hundred million U.S. dollars

- Polysilicon components of non-silicon costs to 0.82 U.S. dollars / W

2008 full year financial and operational focus

- Solar module shipments 201.01MW, with the company goal of 200MW ~ 206MW compared to growth in 2007 than the 164

.8%

- The total net turnover of 831.9 million U.S. dollars, in 2007 an increase of more than 175.6%

- Gross profit 164.4 million U.S. dollars, in 2007 an increase of more than 143.2%

- Gross profit margin was 19.8%, 22.4% for 2007

- Net profit of 61.4 million U.S. dollars, in 2007 an increase of more than 71.7%

- American Depositary Shares per share earnings for the 2.37 U.S. dollars

- In accordance with contracts signed in 2009 is expected to ship the components at about 300MW

- In January 2009 TUV (Rheinland) "organized by the energy yield of 2008" event, Trina Solar module production at 14

Are ranked second (test period from 2008 September 1-30)

"Although faced with the global economic and financial environment of challenge, but we are still very pleased at our strong fourth quarter

Strong performance, "Trina Solar Chairman and CEO Gao Jifan said:" Although the average selling price of components under a comprehensive

Down, but relied on Trina Solar 'Value' and 'loyalty' has been set up our brand to help us more than me

Quarter of their revenue goal. Set up through our freight warehouse in Europe, which has shortened our delivery time and improved my

Their customer service quality, these are for our fourth quarter sales provided a good support. "

Source: windosi.com Mar. 27, 2009

Solar energy power generation capacity a record of the United States last year

American solar power industry association recently said the United States in 2008 installed capacity of solar power for the 8,775,000 kilowatts, an increase of 17%.

The association said the solar power industry This is the third year of consecutive record, the current widely considered in 2009 is still a record year. There are currently 6 giv'at concentration of solar power plant under construction.

President of the Association of its solar power Lars said that even though the United States economic pressure, the United States in 2008 solar power is still developing rapidly. He said many of the people think more and more solar power are the engine of economic development in the United States. From New Hampshire to Michigan and Oregon are in construction.

This month on the 20th, the U.S. Department of Energy to guarantee payment of the first loan, worth 535 million U.S. dollars, to the solar power products manufacturer Solyndra, the company's plan is to produce energy law in 2005, it is a long-term hold of the Advanced Energy Initiative. Solyndra claims that depend on loans in California production plant construction will create 3000 job opportunities, production start there is more than 1000 fixed job. If the loan in place, the factory construction will start later this year, by the end of 2010 or beginning production in 2011.

The federal government in 2008 to extend the solar tax credit 8 years, the American Solar Energy Society, said it in the past three years the United States has promoted the development of solar power. Tax credit enables companies to develop long-term development plans more easily. Obama, after three years the Government to ensure that the new energy production to double by 2012 the United States of new energy power generation up to 10%.

Source: windosi.com Mar. 24, 2009

LG will set up a joint venture with the German Conergy production of solar cells

LG Electronics said it has with the German solar system manufacturers Conergy signed a preliminary agreement to set up joint ventures in the manufacture of solar cells.

If the transaction amount of nearly 200 million U.S. dollars of the successful completion of the acquisition, LG Electronics will officially enter the solar cell industry, which is LG since 1995 after the first overseas acquisition.

LG and Samsung have been acquired to avoid the field, and the tendency to self-growth. LG on overseas acquisitions are back in 1995 acquired the U.S. Electronics manufacturer Zenith.

Reports said, LG has business relations between the tasks assigned specific roles to tap the solar energy industry. '

Conergy ongoing restructuring, the creation of cash to cover its speed can not catch up with a positive growth plan, which is now to reduce non-core operations to focus on solar PV business. The company said that on September 9 has been the cause of the sale of wind turbine generators to the U.S. private direct investment fund Warburg Pincus.

Source: 国际新能源网 Sep. 18, 2008

GT Solar in fiscal revenue reached 600 million U.S. dollars

GT Solar recently said in the earnings per share rose 12-15 cents a favorable condition, the second quarter of fiscal revenue is expected to reach 120-130 million U.S. dollars.

08 GT Solar earnings per share rose 70-75 cents a share, revenue is expected to 600-650 million U.S. dollars.

It is learnt that, GT Solar said solar energy production equipment in the first quarter of the Hot, to a high fiscal revenue.

Source:硅业在线 Aug. 28, 2008

ALTERGIE company in Syria first solar power station construction

ALTERGIE a German company which is engaged in renewable energy technologies, the company recently with the Syrian Ministry of the formal signing of the contract, construction will be in Syria in the country's first solar power station, the project will cost a total of 50 million euros.

The power station run early in the pilot phase of the power of 10 megawatts, is expected in the future will increase to 1,000 megawatts of electricity. Power Plant located near the city of Homs HESSIA industry, covers an area of 3 million square meters, the main power generation can meet the industrial city of demand for electricity. Construction will soon begin early, the whole power station is expected to be completed first half of next year.

Source: 中国驻叙利亚经商参处子站 Aug. 25, 2008