CNPV Solar Power has entered into a long-term strategic partnership sales agreement with Techbank, the South Korean PV company. Under the terms of the contract, CNPV will supply Techbank with a total of 36MWp of modules from 2010 to 2012, which includes 10MWp of scheduled delivery during 2010. The remaining 12MWp and 14MWp are scheduled for delivery in 2011 and 2012 respectively.
“Our strategic partnership with Techbank 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 South Korea and Japan solar markets,” stated jointly B. Veerraju Chaudary, CNPV’s COO, CTO and member of the board and Seonggun Chang, CNPV Korea’s president.