CNPV signs long-term strategic partnership with Photovoltaic Experts

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, today announced that it has entered into a long-term strategic partnership sales agreement with Photovoltaic Experts GmbH, a German leading photovoltaic company as a competence center for Photovoltaic Power Plants, develops and sells Turn-Key- Photovoltaic Power Plants.

Under the terms of this strategic agreement, CNPV will supply Photovoltaic Experts GmbH with a total of 30MWp of 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 Photovoltaic Experts GmbH. Our strategic partnership with Photovoltaic Experts GmbH 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 Germany, France and Spain solar markets," stated jointly 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 Volthaus by providing high quality modules, premium service and a low cost industry leading platform."

Photovoltaic Experts GmbH from Konstanz 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, France and Spain," commented jointly Gordan Hasmann and Felix Gudat, Managing Directors of the Photovoltaic Experts GmbH.