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Trina Solar signs $158 million deal with Greenergy

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June 30, 2008

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.

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.

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