LUXEMBOURG/DONGYING, PR China, August 12, 2010 /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 announced that it has entered into a long-term strategic partnership agreement with MPower, a leading Australian supplier of renewable energy products, with over 15 years’ experience in the renewable energy sector.
 
Under the terms of this strategic agreement, CNPV expects to supply MPower with a total of 30MWp of high performance PV Modules from 2010 to 2012, which includes 5MWp of expected scheduled delivery during 2010. The remaining 10MWp and 15MWp are scheduled for delivery in 2011 and 2012 respectively.

"We are delighted to announce this positive development of our existing relationship with MPower. Their proven ability to satisfy customers with reliable, cost effective solutions mirrors our own ideals, and indeed is a significant success for us. By aligning ourselves with this proven, multiregional energy developer, we have an increased opportunity to demonstrate the value of our low cost, industry leading platform, as well as our premium service, and high quality modules. This new contract will help both partners to grow additional solar projects in markets such as the Australia, New Zealand and the Pacific Islands," stated jointly Mr.Zhang Shunfu, CNPV’s CEO and Mr. B. Veerraju Chaudary, CNPV's COO, CTO & Member of the Board. "We look forward to continuing to expand our relationship with one of our most loyal and strategic partners"

"CNPV has an excellent reputation for delivering premium quality, high density power output PV Modules and they have demonstrated this unequivocally during our exploration with them. MPower is thrilled with this new strategic partnership agreement, which we consider to be a continuation of our already strong relationship and are excited to share in the future growth in the region with CNPV. We will now offer CNPV’s premium products and service to all of our customers" jointly commented Mr. Paul Sharp, MPower’s Managing Director and Mr. Brian O’ Malley, MPower’s General Manager of Sales and Marketing. "Renewable energy solutions will no doubt play an increasingly important role in the total energy mix, and MPower is committed to supporting broader adoption of these technologies. We have built our reputation on supplying the most reliable, proven range of products on the market and MPower only associates itself with quality."

Mr.Mark Scupham, Product Manager with MPower explained further; "Not all solar companies are equal! We have spent many years reviewing potential long term strategic partners, and we can confidently say we have found and committed to the best. We are also proud to say that several recent independent testing reports in Europe support our selection of the CNPV products. As we announced at the ATRAA 2010 Conference and Exhibition in Alice Springs, we have now signed a strategic supply agreement and will now be offering CNPV solutions to all of our customers going forward. Their high quality, real life reliability, technical prowess and value in use, makes CNPV’s products the clear choice when installing a solar system."


Dr.Ravinder Soin (CNPV), B. Veerraju Chaudary (COO, CTO & Member of the Board CNPV), Brian O’ Malley (GM of Sales and Marketing MPower), Mark Scupham (Product Manager MPower)

About CNPV
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 that 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

About MPower
MPower is one of Australia's leading suppliers of renewable energy products, with over 15 years’ experience in the renewable energy market. MPower has built its reputation on supplying the most reliable, proven range of products on the market and only associates itself with quality products. MPower is well positioned to provide both grid connect and remote area power supplies (RAPS) to meet the most demanding applications. MPower has the capability and track record to accommodate the markets ever increasing desire to become green. For further information, please visit MPower website at: http://www.mpower.com.au

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: 
 
B.Veerraju Chaudary, COO, CTO & Member of the Board
CNPV Solar Power SA
Direct Land Line: +86-546-7795053,
Mobile: +86-13656-473355,
Email: chaudary@cnpv-power.com

Mr. Brian O’ Malley, General Manager, Sales and Marketing
MPower
9 Mosrael Place, Rowville VIC 3178, Melbourne, Australia
Tel: +61-397630555, Fax: +61-39763 0577
E-mail: BrianOMalley@mpower.com.au

Jane Liu, Director- Investor Relations & Financing 
CNPV Solar Power SA
Direct Land Line: +86-546-7795078
Mobile: +86-15318-358353,
Email: jane.liu@cnpv-power.com

SOURCE: CNPV Solar Power SA and MPower