Under the terms of this agreement, CNPV will supply 9REN with a total of 10MWp of high performance PV Modules during H22010 at fixed prices with an option to have additional 3MWp during this year. The agreement foresees additional larger volumes for delivery in 2011 and 2012 respectively.
"We are excited to announce this long term sales agreement with 9REN, a partner that shares our commitment to superior value, and customer satisfaction," said B.Veerraju Chaudary, CNPV's COO, CTO & Member of the Board. This agreement will bring CNPV's high performing modules to the promising Italian market while enhancing CNPV's brand and presence in the region. This reflects the continued strong demand and representation for our best-in-class solar products in major solar markets worldwide."
CNPV Solar Power SA, 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. CNPV 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.
9REN Group was established by First Reserve Corporation in 2008 as a consequence of the acquisition of Gamesa Solar (a leading solar contractor in Spain) and of Ener3 (a renewable energy project developer in Italy). 9REN has three distinct lines of business, all focused exclusively on renewable energy: the supply of turnkey solar projects, with over 100MWp of photovoltaic references; the operations, maintenance and upgrade service, with long term agreements for 568 third party photovoltaic power plants worth over 71MWp of rated power; and the development and investment of renewable energy projects with 23MWp in operation, 40MWp currently under construction and 500MWp of pipeline under development.
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