CNPV Solar Power SA, a Chinese manufacturer of solar photovoltaic products, has announced that it has entered into a long-term strategic partnership sales agreement with Futech BvBa, a Belgium project development and distribution company.

Dongying (China) – As is reported, under the terms of this strategic agreement, CNPV will supply Futech with a total of 60MWp of PV Modules from 2010 to 2012, which includes 10MWp of scheduled delivery during 2010. The remaining 20MWp and 30MWp are scheduled for delivery in 2011 and 2012 respectively. “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 Chinese company says.

"We are very pleased to announce this new strategic partnership with Futech, to further strengthen the existing well established partnership with Futech. Our strategic partnership with Futech 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 Belgium, Netherlands and Luxembourg solar markets," jointly stated Mr. Zhang Shunfu, CNPV's CEO and B. Veerraju Chaudary, CNPV's COO, CTO & Member of the Board. "We look forward to continuing to expand our relationship with one of our loyal strategic partners, Futech, by providing high quality modules, premium service and a low cost industry leading platform."

"Futech BvBa is proud of this new strategic sales agreement with CNPV. We consider this as a continuation of our good relationship with CNPV to bring their high quality modules and premium service to our customers across the Benelux," jointly commented Mr. Ismael Ben-Al-Lal and Pieter Vangeel, Futech's Managing Directors.

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