LUXEMBOURG and DONGYING, China, May 21 /PRNewswire-Asia/ -- CNPV Solar Power SA (NYSE Euronext: ALCNP), a leading integrated manufacturer of solar photovoltaic products, today announced that it has entered into a long-term strategic partnership sales agreement with Hiolle Energies through Sinatis Europe, a French leading photovoltaic company in roof top power plants project development, installation and distribution.
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Under the terms of this strategic agreement, CNPV will supply Hiolle Energies with a total of 30MWp of high performance 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 Hiolle Energies, to further strengthen our existing well established partnership since 2008. Our strategic partnership with Hiolle Energies 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 France and African solar markets," stated jointly B. Veerraju Chaudary, CNPV's COO, CTO & Member of the Board and Gerard Deleens, CEO of Sinatis Europe. "We look forward to continuing to expand our relationship with one of our loyal strategic partners Hiolle Energies 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 Hiolle Energies is proud of this new strategic partnership 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 France, Africa and rest of the Europe," commented Mr. Philippe Lefebvre, Chief Executive of Hiolle Energies.
About CNPV
CNPV Solar Power SA, 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. For further information, visit: http://www.cnpv-power.com
About Hiolle Energies and Hiolle Industries Group
Hiolle Energies is a leading French 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. Hiolle Energies has achieved continuous growth in recent years and today enjoys considerable experience in national & international projects. For further information, visit: http://www.hiolle-energies.fr
Contact:
B.Veerraju Chaudary
COO, CTO & Member of the Board
CNPV Solar Power SA
+86-546-7795053
+86-13656-473355
chaudary@cnpv-power.com
Philippe Lefebvre
Chief Executive
Hiolle Energies
+33-327475000
+33-327475040(Fax)
plefebvre@hiolle-industries.fr
