LUXEMBOURG and DONGYING, China, March 22 /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 CTS Solar GmbH, a south-German leading photovoltaic company in roof top and ground-based power plants project development, installation and distribution company.
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Under the terms of this strategic agreement, CNPV will supply CTS Solar with a total of 20MWp of PV Modules from 2010 to 2012, which includes 4MWp of scheduled delivery during 2010. The remaining 6MWp and 10MWp are scheduled for delivery in 2011 and 2012 respectively.
"We are very pleased to announce this new strategic partnership with CTS Solar, to further strengthen the existing well established partnership. Our strategic partnership with CTS Solar 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 German and Austrian 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 CTS Solar by providing high quality modules, premium service and a low cost industry leading platform."
CTS Solar GmbH from South 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 and Austria," commented jointly Mr. Claus Romankiewicz, CEO and Mr. Eric Lechelt, Sales Director of CTS Solar.
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 CTS Solar GmbH
CTS Solar GmbH is a well respected south-western German Solar Photovoltaic Power Company in roof top and ground -based power plants project development, installation and distribution. CTS Solar has been active in the German solar power industry since 2000. The company is today among the south-western German market one of the leading companies in the sector. CTS Solar has achieved continuous growth in recent years and today enjoys considerable experience in national projects. For further information, please visit CTS Solar GmbH website at: http://www.cts-solar.com .
