Trina Solar +7.2% following China solar plant investment agreement

|About: Trina Solar Limited (TSL)|By:, SA News Editor

Trina Solar (TSL) +7.2% premarket on news it signed an investment framework agreement with the local government authority to develop a 1 GW solar power plant in western China's Xinjiang region.

The first two phases of the project, with installed capacity of 300 MW, are scheduled to be completed by the end of 2014; TSL also plans to invest in the construction of a PV module production facility to supply modules to the solar power plants.