CHANGZHOU, China, April 12, 2012 /PRNewswire-Asia/ -- Trina Solar Limited (NYSE:TSL) ("Trina Solar" or "the Company") announced that it will partner with the Plant-for-the-Planet Children's Initiative to offset the carbon emissions of the Lotus F1 Team single seaters, the Formula 1 racing team it sponsors. Trina Solar intends to plant 9,000 trees a year for the next three years, or a total of 27,000 trees. The carbon offset benefit from the trees is estimated as equivalent to the emissions from the team's Grand Prix track activity over the course of five full seasons of Formula 1.
Trina Solar's initiative partner, the Plant-for-the-Planet Children's Initiative, is responsible for the "Billion Tree Campaign" launched by the United Nations Environmental Programme (UNEP). The trees will be planted in Costa Rica, Ecuador, Congo, Namibia, Malaysia, Brazil and China. Trina Solar will also host a full-day educational event, a Plant-for-the-Planet Academy, at its headquarters in Changzhou, where children will learn how to become active against the climate crisis and plant trees on Trina Solar's campus while also being given a unique chance to learn how solar panels are made and discover the benefits of solar energy.
"We are proud to support the Plant-for-the-Planet Children's Initiative and we look forward to hosting the children at our headquarters so that we can share with them the importance of solar energy," said Mark Kingsley, Chief Commercial Officer of Trina Solar. "Through this partnership, we are taking a step to transform Formula 1 into a greener enterprise. More than 500 million people watch Formula 1 every year and we can educate that large audience on the importance of solar energy and sustainability."
Kingsley added, "F1 is a team and partnership driven sport. It represents a unique engineering ecosystem that has enabled F1 to pioneer the use of high performance materials, remote sensing and energy storage to extract the most from automotive powertrains. These environmentally beneficial gains have subsequently been scaled to everyday autos. Our teams at Trina draw inspiration from these F1 examples as we pursue similar goals in order to ensure the solar solutions we create with our partners accelerate their ability to replace fossil fuels."
Trina Solar's commitment to social responsibility is further demonstrated throughout its sustainable manufacturing processes and carbon reduction programs. The company's manufacturing processes are ISO certified, have been recognized as an industry model, and have resulted in a nearly 60 percent reduction in energy and water usage per unit of solar power produced.
To learn more about Trina Solar's corporate social responsibility practices, visit: www.trinasolar.com/15minutes.
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL) is a leading manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that have developed a vertically integrated business model from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.com.
The Plant-for-the-Planet Children´s Initiative was founded in January 2007 and originated in a school report on the climate crisis by Felix Finkbeiner, who at that time was nine years of age. At the end of his presentation, Felix put forward the vision that children could plant one million trees in every country in the world to balance carbon emissions. In the years that followed, Plant-for-the-Planet evolved into a global movement. Today, some 100,000 children in 193 countries are committed to the goal of achieving an overall reduction of greenhouse gas emissions and a unified distribution of these emissions among all of humankind. Since the takeover of the well-established "Billion Tree Campaign" from the UNEP in December 2011 and therewith the management of the official tree-o-meter of the UNEP, the new goal of the children and teenagers, is to plant 1,000 billion trees until the year 2020 worldwide. Until today already more than 12 billion trees have been planted in 193 countries. For further information, please visit the Initiative's website at http://plant-for-the-planet.org/en/
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 the Company's 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.
For further information, please contact:
Trina Solar Limited Brunswick Group Terry Wang, CFO Caroline Jinqing Cai Phone: + 86.519-8548-2009 (Changzhou) Phone: + 86.10-6566-2256 Thomas Young, Vice President, Investor Relations Michael Fuchs Phone: + 86.138.6118.3779 (Global) Phone: + 86.10-6566-2256 Email: firstname.lastname@example.org Email: email@example.com
SOURCE Trina Solar Limited