CNPV Dongying Solar Power Company Limited --

DONGYING, China, July 29, 2009/PRNewswire-Asia/ -- CNPV, a leading multi product solar company that produces ingots, wafers, cells & solar modules, and has strong presence in the solar photovoltaic space that designs, manufactures and supplies highly efficient and cost effective crystalline solar photovoltaic modules, today announced the Shandong's first photovoltaic grid-connected power plant was starting to take shape.

The 960KWp solar photovoltaic grid-connected power plant started construction in early July, was starting to take shape by the end of the month, and some of the solar panels were already being installed. The first stage of the project, which is under construction in the CNPV plant area occupies 5,500 m² of land and represents a total investment of 46 million yuan (RMB). The project is expected to be completed and begin operations at the end of March, 2010. Upon completion it will become Shandong province's largest and first grid-connected power generating solar photovoltaic power plant.

The technical aspects of photovoltaic power generation have not been a difficult problem for quite a while, but because its costs are far greater than that of thermal power generation, it has long been difficult to realize grid-connected power generation. Was this 960KWp solar photovoltaic grid-connected power plant project in Dongying a wise investment? Mr. Zhang Shunfu,CEO is quite certain that it was, and said" We produce all the photovoltaic components needed in the plant ourselves, and the entire plant system can operate for at least 25 years, meaning that the resulting benefits will far exceed conservative forecasts."

As the main market for the photovoltaic industry is developed countries in Europe and America, it has been hit the hardest by the financial crisis, and component prices have continually fallen. This was when Mr. Zhang Shunfu,CEO came up with the plan of investing himself in a photovoltaic power plant. Zhang Shunfu said, China has the need for photovoltaic power generation, and the policies are extremely supportive. We also have the ability and capacity to product photovoltaic components ourselves, so why not build our own plant? We will be able to show customers our outstanding products and help develop the photovoltaic power industry, so why not do it?" said Mr. Zhang shunfu CEO.

Mr. Zhang shunfu,CEO,aslo the vice president of the Shandong Solar Energy Industry Association, said"Actually, CNPV's 960KWp photovoltaic grid-connected power plant is not that large, and the affect it will have on leading the industry will be greater than its actual economic value." Dongying may use the 960KWp photovoltaic plant as a precursor for developing services and related businesses to support the photovoltaic power generation industry; helping photovoltaic enterprises extend up and down the industry chain; increasing industry support capacity and level of development; expanding space for industry convergence; and forming a photovoltaic industry chain with Dongying characteristics, production of related photovoltaic products, and an industry base for the manufacture of inspection equipment and raw and auxiliary materials.

China Solar Photovoltaic SA (NYSE Euronext: ALCNP), through its wholly-owned subsidiary, CNPV Dongying Photovoltaic Power Company Limited, is a leading multi product solar company that produces ingots, wafers, cells & solar modules, and has strong presence in the solar photovoltaic space that designs, manufactures and supplies highly efficient and cost effective terrestrial 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. CNPV uses state-of-the-art technology to offer high quality, innovative crystalline solar photovoltaic solutions that cater to the needs of individual customers, large institutions as well as entire communities' worldwide. For further information, please visit CNPV's website at http://www.cnpv-power.com

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.