TSL Trina Solar Limited Sponsored Adr (Cayman Islands)

CHANGZHOU, China, April 26, 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 has set a new world record of 23.5% for a high-efficiency silicon solar cell with an Interdigitated Back Contact (IBC) structure on a large-area 156x156 mm² n-type mono-crystalline silicon (c-Si) wafer. This new record has been independently confirmed by the Japan Electrical Safety & Environment Technology Laboratories (JET), Yokohama, Japan.

The record-breaking n-type mono-crystalline silicon solar cell was fabricated with a process that integrates the advanced Interdigitated Back Contact structure with industrial low-cost processes. The best 156x156 mm² solar cell fabricated entirely with a screen-printed process reached a total-area efficiency of 23.5%, which breaks the previous record of 22.94% for the same type of solar cell that was also established by the Company in May, 2014. Particularly, this remarkable result has been achieved just two years after the previous announcement by Trina Solar of 24.4% efficiency for a small area (2cm x 2cm) laboratory IBC solar cell developed in collaboration with the Australian National University (ANU) in Canberra, Australia.

Dr. Pierre Verlinden, Vice-President and Chief Scientist, who leads the development of high-performance solar cells at the State Key Laboratory of Trina Solar, said: "We are very pleased to announce the new efficiency result achieved by our scientists and researchers. To the best of our knowledge, this is the first time that a mono-crystalline silicon IBC solar cell with an area of 238.6 cm² exhibits a total-area conversion efficiency of 23.5%."

Dr. Pierre Verlinden continued: "Interdigitated Back Contact (IBC) silicon solar cells are the most efficient silicon solar cells to date but require a complicated fabrication process. Trina Solar has been developing IBC solar cells since the establishment of its State Key Laboratory with the objective to reach record efficiencies with the lowest possible cost. From the beginning we developed a scalable technology for IBC solar cells around large-area 156mm x 156mm wafers as we believe that the wafer size is the key to manufacturing cost reduction of this efficient solar cell."

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