CNPV Signs Long-term Sales Agreement with 9REN
By Cnpv Solar Power Sa 9ren Cyprus Limited, PRNETuesday, July 13, 2010
LUXEMBOURG and DONGYING, China, July 14, 2010 - CNPV Solar Power SA, a leading integrated manufacturer of solar
photovoltaic products, today announced that it has entered into a long-term
sales agreement with 9REN, a leading photovoltaic project development,
installation and distribution company in Europe.
(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 9REN with a total of
10MWp of high performance PV Modules during H22010 at fixed prices with an
option to have additional 3MWp during this year. The agreement foresees
additional larger volumes for delivery in 2011 and 2012 respectively.
"We are excited to announce this long-term sales agreement with 9REN, a
partner that shares our commitment to superior value, and customer
satisfaction," said B. Veerraju Chaudary, CNPV's COO, CTO & Member of the
Board. This agreement will bring CNPV's high performing modules to the
promising Italian market while enhancing CNPV's brand and presence in the
region. This reflects the continued strong demand and representation for our
best-in-class solar products in major solar markets worldwide."
About CNPV
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. CNPV 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 www.cnpv-power.com
About 9REN
9REN Group has been established by First Reserve Corporation in 2008 as a
consequence of the acquisition of Gamesa Solar, a leading solar contractor in
Spain, and of Ener3, a renewable energy project developer in Italy. 9REN has
three distinct lines of business, all focused exclusively on renewable
energy: the supply of turnkey solar projects, with over 100MWp of
photovoltaic references; the operations, maintenance and upgrade service,
with long-term agreements for 568 third party photovoltaic power plants worth
over 71MWp of rated power; and the development and investment of renewable
energy projects with 23MWp in operation, 40MWp currently under construction
and 500MWp of pipeline under development. For further information, please
visit 9Ren Cyprus Limited website at: www.9ren.org
For more information, please contact: B. Veerraju Chaudary COO, CTO & Member of the Board CNPV Solar Power SA Tel: +86-546-7795053 Mobile: +86-13656-473355 Email: chaudary@cnpv-power.com Kpr&Key Marketing and Communication 00186 Roma, Via Catalana 1 Tel: +39-0668136369 Fax: +39-0645437837 Email: ufficiostampa@kpr-key.it Web: www.kpr-key.it Francesca Zanoni Mobile: +39-3482508903
B. Veerraju Chaudary, COO, CTO & Member of the Board of CNPV Solar Power SA, +86-546-7795053, mobile +86-13656-473355, chaudary at cnpv-power.com; Kpr&Key: Marketing and Communication, +39-0668136369, fax +39-0645437837, ufficiostampa at kpr-key.it; Francesca Zanoni, +39-3482508903
Tags: China, Cnpv Solar Power Sa; 9ren Cyprus Limited, July 14, Luxembourg And Dongying, Western Europe