Cnpv Signs 150mwp Extended Supply Agreement With Stand-by Europe

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28th October 2010, 09:03pm - Views: 698






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MEDIA RELEASE PR41940

CNPV Signs 150MWp Extended Supply Agreement with Stand-by Europe


LUXEMBOURG and DONGYING, China, Oct. 28 /PRNewswire-Asia/ --


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 and Stand-by Europe, a

leading Czech based international project developer and distribution company, today announced that they

have entered into an extended long-term strategic partnership agreement for the supply of 150MWp high

performance PV modules from 2011 to 2013.  This agreement was signed in the presence of the local

government, Sinosure and China Development Bank officials on October 22, 2010 in Dongying City. 

   

Under the terms of this agreement, CNPV will supply Standby Europe with 40MWp of PV modules

scheduled for delivery in 2011 and the remaining 50MWp and 60MWp are scheduled for deliveries in 2012

and 2013, respectively. 

    During Stand-by Europe's recent visit to a CNPV facility October 22, Mr. Vaclav Prihoda and Mr Jan Buric,

Joint Managing Directors of Stand-by Europe expressed their commitment to continued co-operation with the

Company: "The introduction of CNPV to our market has proven an immense success. Surpassing our initial

anticipated volumes we have proven that our market has accepted CNPV as the PV module supplier of

choice. Notably achieving a certain price premium over other brands, together we have continued to validate

the CNPV/Stand-by Europe offering as 'The' most cost effective solution as well as the largest return

generated on the capital deployed. Most of our competitors in the local market are looking to 2011 with

reductions in scale. Due to our relationship with CNPV, we (Stand-by Europe) are increasing projections as

exhibited in our increased volumes within this agreement." 

    Mr Zhang Shunfu CEO & Mr. B. Veerraju Chaudary COO, CTO & Member of the Board of CNPV

commented, "We are equally delighted with our collective performance to date, and our ability to increase our

presence within Stand-by Europe's markets. The mutual support and the continued presentation of facts,

backed up by independent tests have allowed us to grow in this highly competitive market. Our investment in

technological development and systems controls are allowing us to dramatically increase market share. We

know this only comes from the fact that the market can see the effect on project financials by using the Stand-

by Europe/CNPV offering."

    Clearly both partners are delighted with the progress to date, and on the topic of the future: "Satisfy the

customer with sustainable solutions that are improvements on what others can 'really' offer and deliver it. They

will then come back for more," said Mr Jan Matusik, Stand-by Europe's Sales Director." 


    About CNPV

    CNPV Solar Power SA (NYSE Euronext: ALCNP), through its wholly-owned subsidiary, CNPV Dongying

Solar 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. CNPV designs, manufactures and

supplies highly efficient and cost effective crystalline solar photovoltaic modules. Please visit CNPV's website


 

    About Stand-by Europe

    Stand-by Europe, a project developer and distribution company, holds 10% market share of the total

commercial installations in the Czech Republic. Stand-by Europe is the sole distributor for CNPV's PV

modules in their home market. For further information, please visit Stand-by Europe's website at



    Contact:  

 

    CNPV Solar Power SA

     B.Veerraju Chaudary, COO, CTO & Member of the Board

     Phone: +86-13656-473355  

     chaudary@cnpv-power.com 


    Stand-by Europe s.r.o

     Jan Matusik, Sales Director 

     U Albrechtova vrchu 20, 15500, Praha 5 Czech

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     Phone: +420-251-553-223

     Info@standby-europe.com     


    SOURCE: CNPV Solar Power SA; Stand-by Europe



    


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