CNPV becomes major Chinese supplier for Donauer Solartechnik

LUXEMBOURG, GILCHING, GERMANY & DONGYING, CHINA: CNPV Solar Power SA, a public limited liability company organized under the laws of the Grand Duchy of Luxembourg and a leading integrated manufacturer of solar photovoltaic products, has entered into a long-term strategic partnership agreement with Donauer Solartechnik Vertriebs GmbH, a leading project developer and supplier of solar photovoltaic and solar thermal products, with over 15 years' experience in the renewable energy sector.

Under the terms of this strategic agreement, CNPV will supply Donauer with a total of 200MWp of high performance PV Modules from 2011 to 2013. Scheduled deliveries within the agreement include 40MWp during 2011 as well as 60MWp and 100MWp in 2012 and 2013 respectively.

"Elated" enthused B. Veerraju Chaudary, CNPV's COO,CTO & Member of the Board: "To be chosen from the numerous 'Tier 1' worldwide suppliers, tested against the class leading criteria utilised by Donauer is a fantastic result for us. Their stringent procedures for selection underwrite their market leading statements and successes. We are both flattered, and honoured to support Donauer in maintaining and developing this position."

Donauer, CEO of Donauer Solartechnik Vertriebs GmbH. added: "Meticulous selection, state-of-the-art products and unfailing support allows us to 'really' exceed the customer's expectations. Our choice of CNPV as our major Asian supplier was based not on geography, but on their ability to join us in delighting the end users. The strategic agreement is evidence of our confidence that together we can offer even more assurances and investment returns to our customers and hence grow our market."

Carl Freudhoefer, chief procurement officer of Donauer Solartechnik Vertriebs GmbH, elaborated: "Our clients and their investment teams require good security on their investment, an industry leading annual return, and of course, long duration. CNPV with their high quality, high performance and European insured modules allows us to demonstrate the improvements on the buyers needs."