GCL-Poly Signed a Long-term Contract with Trina Solar to Supply 7,500MW of Wafer and Polysilicon Products

GCL-Poly and Trina Solar enter Contract

The Company is expected to provide Trina Solar with a total of approximately 7,500MW of wafer and polysilicon products in the next five years.

Hong Kong [WorldofPhotovoltaics.com]

GCL-Poly Energy Holdings Limited (“GCL-Poly”, the “Company” or the “Group”; stock code: 3800.HK) is pleased to announce that it has signed a long-term supplementary wafer and polysilicon product supply contract with  Trina Solar Limited (“Trina Solar”, NYSE: TSL), a world leading solar PV products manufacturer. The Company is expected to provide Trina Solar with a total of approximately 7,500MW of wafer and polysilicon products in the next five years.

Under the supplementary wafer and polysilicon product supply contract between GCL (Changzhou) Solar Energy Technology Company Limited, a subsidiary of the Group, and Changzhou Trina Solar Energy Co. Limited, a subsidiary of Trina Solar, the Group will provide a total of approximately 7,500MW wafer and polysilicon products from January 2011 to December 2015. A price adjustment mechanism is included in the contract.

Mr. Shu Hua, the Executive Director and President of GCL-Poly stated, “GCL-Poly highly value the strategic partnership with Trina Solar. We will provide quality services to honor our commitment of wafer and polysilicon product supply for Trina Solar to support its rapid business development. We look forward to achieving a win-win situation with Trina Solar in the global solar industry.”

Mr. Patrick Lu, the Vice President of Trina Solar said, “Trina Solar and GCL-Poly has maintained long-term and stable cooperation. By signing the long-term supplementary wafer and polysilicon product contract with GCL-Poly, we have further strengthened the long-term strategic partnership between both parties. As a result, this will enable us to speedily drive the various businesses of Trina Solar in the future and maintain our global leadership.”

About GCL-Poly Energy Holdings Limited (stock code: 3800. HK)
GCL-Poly Energy Holdings Limited is China’s largest polysilicon producer and one of the world's leading wafer suppliers and also a top green energy enterprise in China. Annual polysilicon production capacity attained 21,000MT  at the end of 2010, and the quality of polysilicon products reached electronic grade level. The Group’s wafer production capacity already achieved 3.5GW at the end of November 2010. In addition, the Group owns a 20MW solar farm in Xuzhou, Jiangsu province, which is currently the largest solar farm in China.

For more information about GCL-Poly, please visit the company’s website at www.gcl-poly.com.hk.

About Trina Solar Limited (NYSE:TSL)
Trina Solar Limited (NYSE: TSL) is a leading manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that have developed a vertically integrated business model from the production of monocrystalline and multicrystalline ingots, wafers and cells to the assembly of high quality modules.

Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide.

For further information, please visit Trina Solar's website at www.trinasolar.com.