CNPV Signs Strategic Partnership with CTS Solar

CTS CNPV Signs Strategic Partnership with CTS Solar

CNPV Solar Power SA, a leading integrated manufacturer of solarphotovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules that designs, manufactures and supplieshighly efficient and cost effective crystalline solar photovoltaicmodules, has entered into a long-term strategic partnership salesagreement with CTS Solar GmbH, a south-German leading photovoltaiccompany in roof top and ground-based power plants project development,installation and distribution company.

Under the terms of this strategic agreement, CNPV will supply CTS Solar with a total of 21MWp of PV modules from 2010 to2012, which includes 5MWp of scheduled delivery during 2010. Theremaining 6MWp and 10MWp are scheduled for delivery in 2011 and 2012respectively.

Zhang Shunfu, CNPV’s CEO and B. Veerraju Chaudary, CNPV’s COO, CTO and member of the Board stated jointly: "We are verypleased to announce this new strategic partnership with CTS Solar, tofurther strengthen the existing well established partnership. Ourstrategic partnership with CTS Solar is a significant success for us inaligning ourselves with a proven multiregional energy developer withgrowing opportunities in established and emerging photovoltaic markets.

"This new contract will significantly help to grow new projects in marketssuch as the German and Austrian solar markets. We look forward tocontinuing to expanding our relationship with one of our loyal strategic partners CTS Solar by providing high quality modules, premium serviceand a low cost industry leading platform."

Clause Romankiewicz,CEO and Eric Lechelt, sales director of CTS Solar commented jointly:"CTS Solar GmbH from South Germany is proud of this new strategic salesagreement with CNPV. We consider this as a continuation of our goodrelationship with CNPV to use their high quality modules in our projects and to offer their premium service to our customers in Germany andAustria."