LUXEMBOURG and DONGYING, China, Feb. 16, 2012 /PRNewswire-Asia/ -- CNPV Solar Power SA, a public limited liability company organized under the laws of the Grand Duchy of Luxembourg and a leading integrated manufacturer of solar photovoltaic products, today confirmed their position within the international, leading group of solar module providers, with their field performance ratio results measured by Photon Laboratory during 2011.
Photon Laboratory's long term field performance testing of solar modules in real world conditions is widely accepted as producing the data most important to decision makers for solar PV choices. Recently Photon has amended its data collation with the addition of a "performance ratio" which reflects the kilowatt hours generated, compared to the nominal kilowatt output of modules supplied. In other words, it overcomes the label rating variances that are present when comparing individual suppliers and exposes the modules tested to the same real world conditions of variable sunshine intensity, weather, temperature and humidity. These results are then compiled and allow for the ranking on a "like for like" basis between all suppliers and all technology types. The margin of error stated within this test process is +/- 1.85%.
"Great news for CNPV, our customers and strategic partners," beamed Mr Bypina Veerraju Chaudary, CNPV's COO and CTO, on receiving the data. " By listening and responding to our strategic partners' input we have delivered performance that sits within the best in the world. Our performance in this evaluation was 6 in the list of 46 with a 2% deviation from the top ranked supplier, well within the margin of error of the test results. The diversity of the data once again demonstrates that not all modules are equal, and we are immensely satisfied that Photon's expertise in revealing the variances in real use supports our own data and representation."
In the Photon Field Performance Test, two modules from each supplier are tested in a laboratory in Germany, with output measured over different seasons and different light conditions. The test recorded a performance ratio of 88.8% for the CNPV modules.
Of course this is only part of the data important to purchasers of solar PV; investment cost, total cost of ownership, coupled with overall power generation has many facets to be considered.
Back to CNPV's Mr Chaudary: "Our consistent vision is about delivering real value. The Photon data underscores part of our progress on this itinerary. Within CNPV, we treat the elements of total cost of ownership, safety of investment and investment costs with the same focus as delivering real world performance. Our customers' data continues to demonstrate lower customer outlay for highest returns ratios, based upon our provable longer life, greater conversion capability, protection of investment and lower cost base. Together with our customers we continue to develop improved techno-commercial solutions to the markets' requirements. We eagerly await additional external ratifications on our newer developments to give further satisfaction to our customers that they continue to have the best value solar PV energy conversion available."
CNPV wishes to applaud Photon and the leading participants within the evaluation; By removing some of the mystery surrounding real word power harvesting, and demonstrating the myriad of performance variations, the total solar market has a much improved chance of continuing to grow in the future to the benefit of all.
CNPV Solar Power SA (NYSE Euronext: ALCNP), through its wholly-owned subsidiary, CNPV Dongying Solar 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. For further information, please visit CNPV's website at http://www.cnpv-power.com.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, CNPV's ability to raise additional capital to finance its activities; the effectiveness, profitability, and marketability of its products; the future trading of the securities of the Company; the ability of the Company to operate as a public company; the period of time for which its current liquidity will enable the Company to fund its operations; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Euronext in Paris. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
For more information, please contact:
CNPV Solar Power SA
Bypina Veerraju Chaudary, Chief Operating Officer
Scott Zhang, Manager-IR
SOURCE: CNPV Solar Power SA