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CNPV And SET Develop Long Term Agreement

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Chinese company, CNPV signs long term strategic partnership with German company SET

CNPV has announced that it has entered into a long term strategic sales agreement with SET GmbH, a well known German Project development and distribution company. Under the terms of this strategic agreement, CNPV will supply SET with a total of 100MWp of PV Modules starting from 2010 to 2012, which includes 20MWp of scheduled delivery during 2010 at fixed prices. However, the price will be reviewed mutually on a quarterly basis if the market price falls or rises with reference to the fixed prices. The remaining 35MWp and 45MWp is scheduled for delivery during 2011 and 2012 respectively.


"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," stated Mr. Zhang Shunfu, CNPV's CEO & Mr. B.Veerraju Chaudary, CNPV's COO, CTO & 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 Mr. Helmut Schwarzer, CEO, Mr. Juergen Klaas, GM and Ms.Narjiss Conrads, COO of SET GmbH. "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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