Trina Signs Polysilicon Contract

Trina Signs Polysilicon Contract

Trina Solar Ltd. signed a long-term polysilicon supply agreement with Jupiter Corp. Ltd., an affiliate of DTK Industries (Qingdao) Co., Ltd.

Both companies are based in China.

Qingdao DTK will supply Trina Solar with enough polysilicon to make about 650 megawatts of solar modules over six years. Delivery of polysilicon at predetermined prices is expected to start in the third quarter of 2009.

Polysilicon is a key component of solar wafers and panels. Solar companies try to lock in prices on it to avoid paying higher spot prices to meet their production needs.

Trina Solar shares rose 58 cents to $46.22 in afternoon trading.

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