CNPV Commits to Supply AE Photonics 300MWp PV Modules

LUXEMBOURG and DONGYING, China, October 29, 2010 - CNPV Solar Power SA, a public limited liability company organized under
the laws of the Grand Duchy of Luxembourg and AE Photonics, a leading project
development and distribution company based in Dresden, Germany jointly, today
announced that they have entered into an extended long-term strategic
partnership agreement for the supply of 300MWp PV modules from 2011 to 2013.

    (Logo: www.newscom.com/cgi-bin/prnh/20081103/CNM010LOGO)
    (Logo: photos.prnewswire.com/prnh/20081103/CNM010LOGO)

Under the terms of this agreement, CNPV will supply AE Photonics with
60MWp of high performance PV modules during 2011. The remaining 96MWp and
144MWp are scheduled for delivery in 2012 and 2013, respectively. The
agreement signing in the presence of the local Government, Sinosure and China
Development Bank officials is the largest contract in the history of both
companies. In fact it is an extension of the existing successful relationship
with a proven ability to satisfy end customers with reliable, cost effective
solutions.

"Success breeds success," quoted B. Veerraju Chaudary, COO, CTO & Member
of the Board of CNPV. We are thrilled to continue our strong partnership with
AE Photonics. This extension is strategic for us; aligning ourselves with a
leading international energy developer, and together jointly seizing market
opportunities. "The extended contract will significantly help us to grow new
projects in the solar market worldwide. The combination of CNPV's supply of
tier 1 high quality PV modules with AE Photonics' ever growing solar project
expansion further increases our brand recognition internationally and expands
our market share." Mr Zhang Shunfu CEO & Mr. B. Veerraju Chaudary COO, CTO &
Member of the Board of CNPV together publically proclaimed: "We look forward
to continuing to expand and strengthen our relationship with one of our most
loyal and strategic partners."

Mr. Marco Lamsouguer, CEO of AE Photonics responded, "AE Photonics is
proud of continuing our trusted partnership with CNPV. We have always held
that it is important for leading solar players to work together in order to
supply our customers with state-of-the-art PV systems, it was therefore
natural for us to extend our cooperation with CNPV and develop our agreements
and interactions to the next level. CNPV has a proven reputation for
delivering premium quality PV modules, as evidenced in our own experience. We
are also proud to say that several recent independent testing reports in
Europe support our selection of the CNPV products for AE's growth plan. We
have spent several years reviewing potential long term strategic partners,
and we can confidently say we have found and committed to the best in the
world."

Both fervent Companies, celebrating their historic success by committing
to greater future success were clear in their message "It's the proven facts
that make the difference. Together, by providing the 'real' customer value,
our solar PV future opportunities grow for the benefit of all involved."

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 AE Photonics GmbH & Co. KG

AE Photonics is a leading European photovoltaic integrator, a supplier of
photovoltaic power plants and components on a worldwide basis. The firm
covers the entire spectrum, from planning to the turnkey handover of
photovoltaic installations. AE Photonics has achieved continuous growth of
nearly 300% in recent years and today enjoys considerable experience in
national & international projects including planned 250MW of new business
coming from the solar market worldwide. For further information, please visit
AE Photonics GmbH & Co. KG website at www.ae-photonics.com .

    For more information, please contact:

    CNPV Solar Power SA
     B.Veerraju Chaudary, COO, CTO & Member of the Board
     Tel:   +86-13656-473355
     Email: chaudary@cnpv-power.com

    AE Photonics GmbH & Co. KG
     Marco Lamsouguer, CEO
     Loschwitzer Str. 37, 01309 Dresden, Germany
     Tel:   +49-35131209833
     Email: m.lamsouguer@ae-photonics.com

CNPV Solar Power SA: B.Veerraju Chaudary, COO, CTO & Member of the Board at +86-13656-473355 or chaudary at cnpv-power.com; AE Photonics GmbH & Co. KG: Marco Lamsouguer, CEO, Loschwitzer Str. 37, 01309 Dresden, Germany,+49-35131209833, m.lamsouguer at ae-photonics.com