LUXEMBOURG and DONGYING, China, July 8, 2011 /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 demonstrated additional details to the world's first true linear power warranty that they launched at Intersolar Munich on June 8th 2011.
Guaranteeing 7% more power than a "traditional power warranty", CNPV's new approach is a significant step in supporting the customer's need for increased financial security. The assurance specifically creates a definitive linear continuous underwriting of the power curve with provision for the module output to change by no more than 0.67% per year, after the first year of installation.
Power outputs from solar PV modules are normally warranted to maintain a minimum value with respect to time. The industry standard is a "two step" approach with trigger points at 10-12 years and 25 years. The net effect for the customer is two instances over 25 years that they can review the power output of 90% and 80% respectively and make a claim for compensation should the module be underperforming. The average power cover over the 25 year period is 84% of original power output of the module.
Mr. Zhang Shunfu, CNPV's CEO and Mr B. Veerraju Chaudary, CNPV's COO and CTO explained further; "Our customers need this. We now provide it. Our strategy has always been to develop the facets of our offering to provide true and tangible value. We believe this is another example of our actions supporting our policy to deliver. This guarantee is possible due to our capability performance, based on bona fide data and knowledge; it makes commercial sense for our partners and ourselves to continue to differentiate the CNPV Total Solutions from our competitors. Our 90% power warranty on the 'two step' model was already at the leading edge of what was available with a 12 year trigger point; this is still maintained within the new undertaking. The new linear warranty, in conjunction with our 10 year manufacturing warranty launched one year ago, provides customers with even greater security on their investment, leading to improved financial terms from financiers, and further penetration into their already successful markets."
As one European Solar Insurance expert expanded, "Brave? Not really. Their figures and logic are solid, and in my opinion a great development for both the solar industry and the customers. It sets a new 'bar' for all to achieve." (Name withheld for commercial confidentiality).
Specific details regarding the World's First True Linear Warranty can be obtained directly from CNPV and their Strategic Partners. Available on deliveries from Q3 of 2011, ensure you have the full facts before placing your next order. For additional clarity, the new warranty terms are improvements on the existing assurance, with no downgrading of fine detail to allow risk reduction and absolute figures for consideration.
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
For more information, please contact:
CNPV Solar Power SA
B.Veerraju Chaudary, COO, CTO & Member of the Board
Bill Milewski, VP-Investor Relations,
SOURCE: CNPV Solar Power SA