LUXEMBOURG and DONGYING, China, Oct. 29 /PRNewswire-Asia/ -- CNPV Solar Power SA, a public limited liability company organized under the laws of the Grand Duchy of Luxembourg and AE Photonics, a leading project development and distribution company based in Dresden, Germany jointly, today announced that they have entered into an extended long-term strategic partnership agreement for the supply of 300MWp PV modules from 2011 to 2013.
Under the terms of this agreement, CNPV will supply AE Photonics with 60MWp of high performance PV modules during 2011. The remaining 96MWp and 144MWp are scheduled for delivery in 2012 and 2013, respectively. The agreement signing in the presence of the local Government, Sinosure and China Development Bank officials is the largest contract in the history of both companies. In fact it is an extension of the existing successful relationship with a proven ability to satisfy end customers with reliable, cost effective solutions.
"Success breeds success," quoted B. Veerraju Chaudary, COO, CTO & Member of the Board of CNPV. We are thrilled to continue our strong partnership with AE Photonics. This extension is strategic for us; aligning ourselves with a leading international energy developer, and together jointly seizing market opportunities. "The extended contract will significantly help us to grow new projects in the solar market worldwide. The combination of CNPV's supply of tier 1 high quality PV modules with AE Photonics' ever growing solar project expansion further increases our brand recognition internationally and expands our market share." Mr Zhang Shunfu CEO & Mr. B. Veerraju Chaudary COO, CTO & Member of the Board of CNPV together publically proclaimed: "We look forward to continuing to expand and strengthen our relationship with one of our most loyal and strategic partners."
Mr. Marco Lamsouguer, CEO of AE Photonics responded, "AE Photonics is proud of continuing our trusted partnership with CNPV. We have always held that it is important for leading solar players to work together in order to supply our customers with state-of-the-art PV systems, it was therefore natural for us to extend our cooperation with CNPV and develop our agreements and interactions to the next level. CNPV has a proven reputation for delivering premium quality PV modules, as evidenced in our own experience. We are also proud to say that several recent independent testing reports in Europe support our selection of the CNPV products for AE's growth plan. We have spent several years reviewing potential long term strategic partners, and we can confidently say we have found and committed to the best in the world."
Both fervent Companies, celebrating their historic success by committing to greater future success were clear in their message "It's the proven facts that make the difference. Together, by providing the 'real' customer value, our solar PV future opportunities grow for the benefit of all involved."
About CNPV
CNPV Solar Power SA (NYSE Euronext: ALCNP), through its wholly-owned subsidiary, CNPV Dongying Solar 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. CNPV designs, manufactures and supplies highly efficient and cost effective crystalline solar photovoltaic modules. Please visit CNPV's website at http://www.cnpv-power.com.
About AE Photonics GmbH & Co. KG
AE Photonics is a leading European photovoltaic integrator, a supplier of photovoltaic power plants and components on a worldwide basis. The firm covers the entire spectrum, from planning to the turnkey handover of photovoltaic installations. AE Photonics has achieved continuous growth of nearly 300% in recent years and today enjoys considerable experience in national & international projects including planned 250MW of new business coming from the solar market worldwide. For further information, please visit AE Photonics GmbH & Co. KG website at http://www.ae-photonics.com.
