Under the terms of the agreement, CNPV will supply CTS Solar with a total of 20MWp of PV Modules from 2010 to 2012, which includes 4MWp of scheduled delivery during 2010. The remaining 6MWp and 10MWp are scheduled for delivery in 2011 and 2012 respectively.
Zhang Shunfu, CEO of CNPV and Veerraju Chaudary, COO, CTO and member of the board of CNPV, jointly said: “We are very pleased to announce this new strategic partnership with CTS Solar, to further strengthen the existing well established partnership. Our strategic partnership with CTS Solar is a significant success for us in aligning ourselves with a proven multiregional energy developer with growing opportunities in established and emerging photovoltaic markets.
“This new contract will significantly help to grow new projects in markets such as the German and Austrian solar markets. We look forward to continuing to expanding our relationship with one of our loyal strategic partners CTS Solar by providing high quality modules, premium service and a low cost industry leading platform.”
CTS Solar is a PV power company in roof top and ground-based power plants project development, installation and distribution.
