LUXEMBOURG and DONGYING (China): CNPV Solar Power SA, a leading integrated manufacturer of solar
photovoltaic products, has announced that it has entered into a long-term
general supply agreement with Enel Green Power SpA, Italy's largest power
company, listed on the Milan Stock Exchange.
Under the terms of this agreement, CNPV will supply Enel Green Power with
a total of 8MWp of high performance PV Modules from June to September 2010 at
fixed prices with an option to purchase additional large volumes during this
year and coming years.
"This agreement with Enel is in-line with our strategy to establish
mutually beneficial, long-term relationships with companies that are well
positioned to service the growing demand for solar energy," jointly stated
Mr. Zhang Shunfu, CNPV's CEO and Mr. B. Veerraju Chaudary, CNPV's COO, CTO &
Member of the Board. Enel, which has a strong marketing and sales network in
Italy and worldwide based on a franchise installer network, is an ideal
partner for CNPV and we look forward to building our relationship with Enel
as we further enhance our sales and brand recognition in the Italian market
by providing high quality modules, premium service and a low cost industry
leading platform.
Commenting on the growing demand for solar in Italy and the rest of the
world, B. Veerraju Chaudary added, "Italy's current regulations and PV
installations confirm it as one of the most attractive growth markets in the
solar PV industry."
"CNPV has an excellent reputation for delivering premium quality, high
power output PV Modules and ENEL is proud of this new supply agreement with
CNPV. We consider this as a continuation of our good relationship with CNPV
to use their high performance and quality modules in our projects and to
offer their premium service to our customers in Italy and rest of the world,"
jointly commented Mr. Dott Gianpaolo Marsella from ENEL and Mr. Salvatore
Miranti, Chief Representative Officer, Enel SpA Beijing.
About CNPV:
CNPV Solar Power SA (NYSE Euronext: ALCNP), through its wholly-owned
subsidiary, CNPV Dongying Photovoltaic Power Company Limited, is a leading
integrated manufacturer of solar photovoltaic products from the production of
ingots, wafers and cells to the assembly of PV modules that designs,
manufactures and supplies highly efficient and cost effective crystalline
solar photovoltaic modules. Reliability & longevity are built into our
world-class crystalline solar photovoltaic modules, which undergo rigorous
internal tests and external certifications (IEC61215, IEC61730, UL, and CE)
to ensure peak performance and safety. For further information, please visit
CNPV's website at http://www.cnpv-power.com.
About Enel Green Power SpA:
Enel is Italy's largest power company, and Europe's second listed utility
by installed capacity. It produces, distributes and sells electricity and gas
across Europe, North and Latin America. Further to the acquisition of the
Spanish utility Endesa, Enel has now a presence in 21 countries with 80,000MW
of generating capacity and serves more than 50 million power and gas
customers. Listed on the Milan stock exchange since 1999, Enel has the
largest number of shareholders of any Italian company, at some 1.7 million
retail and institutional investors. Enel Green Power S.p.A. operates as a
subsidiary of Enel S.p.A. has a strong marketing and sales network in Italy
based on a franchising installers network. For further information, please
visit Enel's website at:http://www.enel.com.