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CNPV Solar Power has entered into a long-term strategic partnership sales agreement with Futech BvBa, the Belgian project development and distribution company.
Under the terms of this agreement, CNPV will supply Futech with a total of 60MWp of PV modules from 2010 to 2012, including 10MWp of scheduled delivery during 2010.
A further 20MWp and 30MWp will be delivered in 2011 and 2012 respectively. The price will be reviewed mutually on a quarterly basis if the market price falls or rises with reference to the fixed prices.
"Our strategic partnership with Futech is a significant success for us in aligning ourselves with a proven multiregional energy developer with growing opportunities in established and emerging photovoltaic markets. This new contract will significantly help to grow new projects in markets such as the Belgium, Netherlands and Luxembourg solar markets," said Zhang Shunfu, CNPV's CEO and B. Veerraju Chaudary, CNPV's COO, CTO and member of the board.
"We consider this as a continuation of our good relationship with CNPV to bring their high quality modules and premium service to our customers across the Benelux," said Ismael Ben-Al-Lal and Pieter Vangeel, Futech's managing directors.
