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Trina Solar signs $158 million deal with Greenergy



By AP
30 June 2008 @ 11:56 am EST

NEW YORK - Chinese solar company Trina Solar Ltd. said Monday it signed a $158 million deal to supply solar modules to GreenergyCapital SpA's ERGYCA Power over the next three years.

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Specific terms of the fixed-price agreement were not disclosed.

GreenergyCapital Chief Executive Luca D'Agnese called the deal "the most important long-term agreement" concerning his company's solar module supply. The Milan, Italy-based investment company invests in a range of renewable-energy and energy-saving products.

Trina shares rose $1.01, or 3.3 percent, to $31.72.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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