Trina Solar grows China market share with new deal

AP News
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Posted: Dec 01, 2009 2:38 PM

Chinese solar power company Trina Solar Ltd. on Tuesday said it signed a new sales agreement to supply about 8 megawatts of photovoltaic modules to the Chinese domestic market, as part of its efforts to expand sales in China.

Shipments began in November and are to continue through the end this month.

Trina Solar said it agreed to supply the products at predetermined prices but provided no details of the deal.

The company said it received government approval for a 2 megawatt project under the Golden Sun program, which aims to install about 20 megawatts of solar power capacity in every province.

Shares of the company rose $1.39, or 3 percent, to $47.97 Tuesday after climbing to $47.99, a new 52-week high.