The agreement 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 company said that the new partnership will further strengthen the existing partnership. The new contract will help to grow new projects in markets such as the Belgium, Netherlands and Luxembourg solar markets.
Zhang Shunfu, CEO of CNPV and Veerraju Chaudary, COO, CTO and board member of CNPV, jointly stated, “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.”
Ismael Ben-Al-Lal and Pieter Vangeel, managing directors of Futech, said: “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.”
