Monday, March 22, 2010

CNPV signs long-term strategic partnership with CTS Solar

LUXEMBOURG & DONGYING, CHINA: 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, 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.Under the terms of this strategic agreement, CNPV will supply CTS Solar with a total of 21MWp of PV modules from 2010 to 2012, which includes 5MWp of scheduled delivery during 2010. The remaining 6MWp and 10MWp are scheduled for delivery in 2011 and 2012 respectively.

Zhang Shunfu, CNPV's CEO and B. Veerraju Chaudary, CNPV's COO, CTO and member of the Board stated jointly: "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. 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."

Clause Romankiewicz, CEO and Eric Lechelt, sales director of CTS Solar commented jointly: "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."

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