CNPV Solar Power has entered into an extended long-term strategic partnership agreement with Standby Europe for the supply of 150MWp high performance photovoltaic modules from 2011 to 2013. Under the terms of this agreement, CNPV will supply Standby Europe with 40MWp of modules in 2011 and 50MWp and 60MWp in 2012 and 2013 respectively.
Vaclav Prihoda and Jan Buric, joint managing directors of Standby Europe said, “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 are increasing projections as exhibited in our increased volumes within this agreement.”
CEO Zhang Shunfu and COO, CTO and member of the board B. Veerraju Chaudary of CNPV said, “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 Standby Europe/CNPV offering.”