LUXEMBOURG and DONGYING, China, June 28 /PRNewswire-Asia/-- CNPV Solar Power SA, a leading integrated manufacturer of solar photovoltaic products, today announced that it has entered into a long-term sales agreement with Photon Hellas, a leading project development, installation and distribution company.
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Under the terms of this agreement, CNPV will supply Photon Hellas with a total of 20MWp of high performance PV Modules from 2010 to 2012, which includes 3MWp of scheduled delivery during second half of 2010. The remaining 7MWp and 10MWp are scheduled for delivery in 2011 and 2012 respectively.
"We are very pleased to commence this new sales agreement with Photon Hellas, to further strengthen the existing well-established partnership. Our partnership with Photon Hellas is a significant success for us in aligning ourselves with a proven regional energy developer with growing opportunities in established and emerging photovoltaic markets. This new contract will significantly help to grow new projects in Greece's solar markets," commented B. Veerraju Chaudary, CNPV's COO, CTO & Member of the Board. "We look forward to continuing to expand our relationship with one of our loyal strategic partners Photon Hellas in Greece by providing high quality modules, premium service and a low cost industry leading platform."
"CNPV has an excellent reputation for delivering premium quality, high power output PV Modules and Photon Hellas is proud of this new supply agreement with CNPV. We consider this as a continuation of our good relationship with CNPV to use their high performance and quality modules in our projects and to offer their premium service to our customers in Greece," commented Mr. Diamantis, CEO of Photon Hellas."
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. 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. Website: http://www.cnpv-power.com
Photon Hellas
Photon Hellas is a leading Greek photovoltaic integrator, offering total solutions for power production from solar energy. The firm covers the entire spectrum, from planning to the turnkey handover of photovoltaic installations.
For more information, please contact:
B.Veerraju Chaudary,
COO, CTO & Member of the Board
CNPV Solar Power SA
+86-546-7795053
+86-136-5647-3355
chaudary@cnpv-power.com
