Changzhou, China [RenewableEnergyWorld.com] Trina Solar Limited announced that it has signed an agreement with GT Solar Incorporated to purchase primary converter and reactor systems for its planned polysilicon production project for approximately US $49 million, with purchase price to be paid in installments over an approximate period of 12 to 18 months. The execution of this agreement is subject to final approval by the Boards of both companies.
The agreement was signed between GT Solar and Trina Solar (Lianyungang) Co. Ltd., a subsidiary of Trina Solar, at the Washington International Renewable Energy Conference. Senior governmental officials from both the United States State Department and China’s National Development Reform Commission attended this conference and expressed support for greater cooperation between companies of both countries.
“We are very excited to further our partnership with GT Solar, who will provide us a world class platform which is expected to extend our technology, brand and cost advantages to include silicon feedstock under our vertically integrated manufacturing model,” said Jifan Gao, Trina Solar’s Chairman and CEO. “We believe GT Solar’s advanced technology will help Trina Solar to reduce cost in the long run in connection with our polysilicon production.”