TSL Trina Solar Limited Sponsored Adr (Cayman Islands)

CHANGZHOU, China, Oct. 18, 2016 /PRNewswire/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic (PV) modules, solutions and services, today announced that its State Key Laboratory of PV Science and Technology of China (the "SKL PVST") has set a new world record of 19.86% aperture efficiency for its high-efficiency "Honey Plus" multicrystalline silicon (mc-Si) solar module, which contains 120 pieces of P-type mc-Si solar cells (156x78mm²). The result has been independently verified by the Fraunhofer ISE CalLab in Germany.

The record-breaking solar module, using the Company's independently developed high performance mc-Si wafers with a high minority carrier lifetime, is manufactured with a number of advanced in-house technologies including half-cell interconnection, passivated emitter and rear cell (PERC) technology and highly efficient light trapping. Following the previous efficiency record of 19.14% on a 1.515m² aperture-area announced in April 2015, the SKL PVST successfully achieved a new aperture-area efficiency record of 19.86% on a module area of 1.514m² within one year and a half. The new record represents an increase of more than 0.7 percentage points, or approximately 3.8% higher.

"We are very delighted to announce the latest achievement from our research team at the SKL PVST. The efficiency of PV modules is one of the key parameters to estimate the final Levelised Cost of solar Electricity (LCOE). This 19.86% aperture efficiency result that Trina Solar achieved demonstrates the huge potential for future multicrystalline p-type silicon research. It is also a leap forward in the trend of continuous efficiency improvements of crystalline silicon solar modules," said Dr. Pierre Verlinden, Vice-President and Chief Scientist of Trina Solar. "In the innovation-driven PV industry, Trina Solar is always focused on developing leading-edge PV techniques and products that improve cell efficiency and reduce system cost. By tuning into the needs of the market, we look to achieve commercial success with our innovations."

About Trina Solar Limited

Trina Solar Limited (NYSE: TSL) is a global leader in photovoltaic modules, solutions and services. Founded in 1997 as a PV system integrator, Trina Solar today drives smart energy together with installers, distributors, utilities and developers worldwide. The company's industry-leading position is based on innovation excellence, superior product quality, vertically integrated capabilities and environmental stewardship. For more information, please visit www.trinasolar.com.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance its activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the Company; the Company's ability to operate as a public company; the period of time for which the Company's current liquidity will enable the Company to fund its operations; general economic and business conditions; demand in various markets for solar products; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

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SOURCE Trina Solar Limited