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 AE Photonics, a east-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 AE Photonics with a total of 60MWp of high performance PV Modules from 2010 to 2012, which includes 10MWp of scheduled delivery during 2010. The remaining 20MWp and 30MWp are scheduled for delivery in 2011 and 2012 respectively.
"We are very pleased to announce this new strategic partnership with AE Photonics, to further strengthen the existing well established partnership. Our strategic partnership with AE Photonics 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 Italian solar markets," commented 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 AE Photonics 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 AE 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 Germany and rest of the Europe," commented Mr. Marco Lamsouguer, CEO of AE Photonics GmbH & Co. KG. "Renewable energy solutions will no doubt play an increasingly important role in the total energy mix, and AE is committed to supporting broader adoption of these technologies."
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 AE Photonics GmbH & Co. KG
AE Photonics is a leading European 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. AE Photonics has achieved continuous growth in recent years and today enjoys considerable experience in national & international projects. For further information, please visit AE Photonics GmbH & Co. KG website at: http://www.ae-photonics.com
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