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Trina Solar Supplies Modules For CSU Solar Power Project
Changzhou, China (SPX) Aug 13, 2009 Trina Solar has announced that it has been selected by Renewable Ventures, a Fotowatio company ("Renewable Ventures"), to supply modules for a two-MW PV project in Fort Collins, Colorado. Shipment under this agreement has already commenced. AMEC, an international engineering and project management company, will construct a 15-acre solar array on the Foothills campus of Colorado State University. Upon completion, the solar array is expected to be one of the largest solar installations at a U.S. university. The system is being developed under a 20-year power purchase agreement with Renewable Ventures and is projected to generate sufficient solar power to provide more than 10% of electricity needs for the university's Foothills campus. This project is the first to be financed under Renewable Ventures' Solar Fund V, a $200 million fund designed to finance and develop around 35 MW of solar projects in the next year. The fund is structured to include both debt from John Hancock (a unit of Manulife Financial Corporation) and equity from Renewable Ventures and Wells Fargo, and will enable the construction and permanent financing of around 35 MW in 2010. "Trina Solar is pleased to partner with Renewable Ventures and AMEC to build clean, green renewable projects across the United States and Europe," said Mr. Arturo Herrero, Vice President of Sales and Marketing at Trina Solar. "We believe Colorado State University's large solar installation and commitment to green campus efforts will further encourage solar adoption at other universities throughout the United States." "We are very pleased to work with Trina Solar on this Colorado State University solar project," said Mr. Matt Cheney, CEO of Renewable Ventures. "Trina Solar has a proven track record, and their demonstrated experience and commitment to their customers made them an excellent choice." "We are delighted to partner with Renewable Ventures and Trina Solar on this important renewable energy project," said Mr. Tim Gelbar, President of AMEC's Power and Process Americas. "We are committed to supporting Colorado State University's green campus efforts." Share This Article With Planet Earth
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