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Chinese vertically integrated solar manufacturer CNPV has signed a long-term strategic partnership sales agreement with Stand-By Europe, a Czech project development and distribution company. Under the terms of the deal, CNPV will supply Stand-By with 100MW of crystalline-silicon PV modules from 2009 to 2012.
The companies said that the agreement includes 5MW of modules scheduled for delivery during Q42009 at fixed prices, with the remaining 25MW, 30MW, and 40MW slated for delivery in 2010, 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.
Additional financial terms of the deal were not disclosed.
"Our strategic partnership with Stand-By Europe is a significant success for us in aligning ourselves with a proven multiregional energy developer with growing opportunities in established and emerging photovoltaic markets," stated Zhang Shunfu, ENPV CEO, and B. Veeraju Chaudary, COO/CTO of the company, which is a wholly owned subsidiary of China Solar Photovoltaic. "This new contract will significantly help to grow new projects in markets such as the Czech Republic, Slovakia and other eastern European solar markets."
The deal marks the second 100MW contract signed by CNPV in less than a month; the company announced in late October that it has agreed to supply German company Solar Energy Trading (SET) with modules from 2010-2012.
