Trina Solar Statement on Preliminary Determination of Anti-Dumping Duty in EU

Trina Solar Statement on Preliminary Determination of Anti-Dumping Duty in EU

PR Newswire

CHANGZHOU, China, June 5, 2013

CHANGZHOU, China, June 5, 2013 /PRNewswire/ -- Trina Solar Limited (NYSE: TSL)
("Trina Solar" or "the Company"), a global leader in photovoltaic modules,
solutions and services, offers the following statement regarding the
"provisional," or preliminary anti-dumping ("AD") duties imposed by the
European Commission.

On June 4, 2013, the European Commission announced a preliminary affirmative
AD determination imposing an anti-dumping duty on imports of crystalline
silicon photovoltaic wafers, cells, and modules originating in or consigned
from the People's Republic of China. A provisional AD duty of 11.8% will be
applied for two months on the imports of these PV products, including Trina
Solar's, into European Union member countries beginning on June 6, 2013. After
August 6, 2013, increased provisional AD duty rates of 37% to 67% are to be
applied to these imports, including a rate of 51.5% on PV products from Trina
Solar, unless the EU and China reach agreement on an alternative resolution to
the matter.The European Commission is to decide by December 5, 2013, if
"definitive," or final AD duties will be imposed for five years.

"Trina Solar's industry expertise, innovation, and global presence have helped
to create great value for our stakeholders," said Jifan Gao, Chairman and
Chief Executive Officer of Trina Solar. "Trina Solar remains committed to
continuing to serve our customers and business partners in Europe, with whom
we have built strong relationships, during this period of regulatory
instability. We will continue to work together to deliver industry leading
solutions."

"Trina Solar is disappointed with the European Commission's preliminary
conclusion, as we disagree that we have dumped imports into the European
market. The decision will negatively affect the European solar industry and is
against the interests of the global solar market," said Ben Hill, President of
Trina Solar Europe.

Mr. Gao concluded, "We will continue to cooperate with the European
Commission's investigation, and use evidence to defend our position that these
duties are unwarranted and serve as an impediment to the broader adoption of
solar energy as a sustainable energy source. We urge all parties involved to
seek a mutually beneficial solution through consultation and negotiation. As a
forward-thinking global company, we will continue to deploy options to most
effectively serve all of our solar markets."

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-shaping position is based on
innovation excellence, superior product quality, vertically integrated
capabilities and environmental stewardship. For more information, please visit
www.trinasolar.com.

For further information, please contact:

Trina Solar Limited                     Brunswick Group
Terry Wang, CFO
Phone: + (86) 519-8548-2009 (Changzhou) Ilse Schache
Kevin Zhang, Investor Relations         Phone: + (86) 10-6566-2256

Phone: + (86) 519-8517-6093 (Changzhou) Email: trina@brunswickgroup.com

Email: ir@trinasolar.com





SOURCE Trina Solar Limited

Website: http://www.trinasolar.com
 
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