LUXEMBOURG and DONGYING, China, Feb. 17 /PRNewswire-Asia/-- CNPV Solar Power SA, a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules that designs, manufactures and supplies highly efficient and cost effective crystalline solar photovoltaic modules, today announced that it has entered into a long-term strategic partnership sales agreement with Photovoltaic Experts GmbH, a German leading photovoltaic company as a competence centre for photovoltaic power plants, develops and sells turn-key photovoltaic power plants.
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Under the terms of this strategic agreement, CNPV will supply Photovoltaic Experts GmbH with a total of 30MWp of PV Modules from 2010 to 2012, which includes 5MWp of scheduled delivery during 2010. The remaining 10MWp and 15MWp are scheduled for delivery in 2011 and 2012 respectively.
"We are very pleased to announce this new strategic partnership with Photovoltaic Experts GmbH. Our strategic partnership with Photovoltaic Experts GmbH is a significant success for us in aligning ourselves with a proven multiregional energy developer with growing opportunities in established and emerging photovoltaic markets. This new contract will significantly help to grow new projects in markets such as the Germany, France and Spain solar markets," stated jointly Mr. Zhang Shunfu, CNPV's CEO and B. Veerraju Chaudary, CNPV's COO, CTO & Member of the Board. "We look forward to continuing to expanding our relationship with one of our loyal strategic partners Volthaus by providing high quality modules, premium service and a low cost industry leading platform."
Photovoltaic Experts GmbH from Konstanz Germany is proud of this new strategic sales agreement with CNPV. We consider this as a continuation of our good relationship with CNPV to use their high quality modules in our projects and to offer their premium service to our customers in Germany, France and Spain," commented jointly Mr. Gordan Hasmann and Mr. Felix Gudat, Managing Directors of the Photovoltaic Experts GmbH.
About CNPV
CNPV Solar Power SA (NYSE Euronext: ALCNP), through its wholly-owned subsidiary, CNPV Dongying Photovoltaic Power Company Limited, is a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules that designs, manufactures and supplies highly efficient and cost effective crystalline solar photovoltaic modules. Reliability & longevity are built into our world-class crystalline solar photovoltaic modules, which undergo rigorous internal tests and external certifications (IEC61215, IEC61730, UL, and CE) to ensure peak performance and safety. For further information, please visit CNPV's website at http://www.cnpv-power.com .
About Photovoltaic Experts GmbH
As a competence center for Photovoltaic Power Plants, develops and sells Turn-Key- Photovoltaic Power Plants and acts as a wholesaler for solar products across European countries. The founders have experience since 2001 in different sectors of the Photovoltaic Industry i.e. Building Integrated Photovoltaic, Large-Scale Projects and On-Roof-Installations to supply customers with the highest quality standard in the sector of Photovoltaic. For further information, please visit Photovoltaic Experts GmbH website at: http://www.photovoltaic-experts.com
