Project Focus: CNPV enters long-term 100MWp agreement with SET

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CNPV has entered into a long-term strategic sales agreement with SET, German project development and distribution company. The agreement was signed in conjunction with this years EUPVSEC Hamburg conference and exhibition, held September 21-25.

The agreement specifies that CNPV will supply SET with a total of 100MWp of PV modules from 2010 to 2012. This includes 20MWp of scheduled delivery during 2010 at fixed prices. This fixed price will be reviewed on a quarterly basis, with each company’s concurrence. This price change will however depend on the market situation. The remaining 35MWp and 45MWp is scheduled for delivery during 2011 and 2012 respectively.

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“We are very pleased to announce this strategic partnership with SET, to further strengthen the existing partnership. This new contract will significantly help to grow new projects in Germany, Belgium and other European solar markets,” said Zhang Shunfu, CNPV’s CEO and B.Veerraju Chaudary, CNPV’s COO, CTO and member of the board. “We look forward to expanding our relationship with one of our loyal strategic partners SET by providing high quality modules, premium service and leading low cost industry platform.”

“SET is proud of this new strategic sales agreement with CNPV. We consider this as a continuation of our good relationship with CNPV that supplies SET and its customer base with the best in class solar technology,” commented Helmut Schwarzer, CEO, Juergen Klaas, GM and Narjiss Conrads, COO of SET. “We aim to provide our customers maximum value with our products and services cooperating with top tier partners like CNPV is one of our principal strategies for achieving these goals in order to secure customers on a long-term basis.”

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