CNPV Becomes Strategic Supplier for Sun'R French Company
By Cnpv Solar Power Sa, PRNEWednesday, March 2, 2011
LUXEMBOURG, PARIS and DONGYING, China, March 3, 2011 - 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, today announced that it has
entered into a long-term strategic partnership agreement with Sun'R SAS, a
leading project developer and IPP of solar photovoltaic projects.
(Logo: photos.prnewswire.com/prnh/20081103/CNM010LOGO) (Photo: photos.prnewswire.com/prnh/20110304/CN57827)
The three year partnership ensures that CNPV are the supplier to meet the
total contracted and anticipated demand for Sun'R's consumption of PV
modules. The initial consumption is 14MWp in 2011, with a potential to supply
a further 4MWp during the same period. Additionally, 2012 and 2013 volumes
are not yet finalised, relying heavily on market development conditions, but
are anticipated to be significantly in excess of 2011. Sun'R's engineering,
procurement and construction approach, together with CNPV's financially
driven solutions, add weight to the belief that the coming years performance
will be superlative.
"Performance and quality of modules are key for us, considering our long
term investment business," said Mr Antoine Nogier, CEO of Sun'R SAS. "It
allows us to fulfil our goal of being an accelerator of the introduction of
solar photovoltaic energy within France. Working with CNPV during 2010
allowed us to demonstrate outstanding performance in both of these areas. It
therefore made strategic sense for us to align together to achieve our mutual
goals. We are delighted to have found a Company who can provide us with the
solutions we require and whose business objective and ethics so closely match
our own. Moreover, we feel confident that CNPV will become a major player in
the following years in the PV industry, technically speaking as well as
financially speaking."
B. Veerraju Chaudary, COO, CTO & Member of the Board of CNPV: "Assuring
decision makers that their capital investment is safe, and will outperform
alternate investment opportunities is part of our daily activities and
strategy for success. With Sun'R SAS, we found a Company that is achieving
this goal from its qualified and experienced team, their well earned market
credibility, and their 'total ownership and accountability' strategy. It is a
great honor to be selected by such an esteemed and respected Company,
particularly when they are professing the same understanding of, and
delivering to, the customers 'real needs'. We are extremely excited about the
enhanced prospects with Sun'R in the coming years."
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 at
www.cnpv-power.com.
About Sun'R
Generating clean, renewable energy closer to the consumer, Sun'R is
France's leading 100% Photovoltaic IPP (Independent Power Producer).
Providing design, development and financing, as well as O&M, they deliver
upon their ethical and financial strategy of hastening the introduction of
renewable energy to the benefit of consumers and investors. For further
information please visit Sun'R's website at www.sunr.fr.
For more information, please contact: CNPV Solar Power SA B. Veerraju Chaudary, COO, CTO and Member of the Board Tel: +86-13656-473355, Email: chaudary@cnpv-power.com SUN'R SAS Emeline Etienne, Director Operations 7 rue de Clichy, 75009 Paris, France
CNPV Solar Power SA, B. Veerraju Chaudary, COO, CTO and Member of the Board, +86-136-5647-3355, chaudary at cnpv-power.com and SUN'R SAS, Emeline Etienne, Director Operations, 7 rue de Clichy, 75009 Paris, France
Tags: China, Cnpv Solar Power Sa, France, Luxembourg, March 3, Paris And Dongying