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

LUXEMBOURG and DONGYING, China, October 28, 2010 - 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.

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

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 at
www.cnpv-power.com .

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
www.standby-europe.com .

    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
     Phone: +420-251-553-223
     Info@standby-europe.com

CNPV Solar Power SA — B.Veerraju Chaudary, COO, CTO & Member of the Board, +86-13656-473355, or chaudary at cnpv-power.com; or at Stand-by Europe s.r.o — Jan Matusik, Sales Director, +420-251-553-223, or Info at standby-europe.com