LUXEMBOURG and DONGYING,
China, January 10, 2011 /PRNewswire/ -- 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 the recent inauguration and hand-over of the first
largest utility scale 7MW solar power project in the Shandong Province.
(Photo: http://photos.prnewswire.com/prnh/20110110/NY27120-a)
(Photo: http://photos.prnewswire.com/prnh/20110110/NY27120-b)
(Logo: http://photos.prnewswire.com/prnh/20081103/CNM010LOGO)
The inauguration on the 29th of December
2010 was presided over by Mr. Li Jinkun, Deputy Mayor of
Dongying City. Alongside him were other senior provincial and city
government officials who have also provided support from the point
of conception. Upon handing over the solar power project to the
Chinese nation he enthused, "This project has a striking impact for
our Country; not only will we reap the environmental benefits, but
also the commercial advantages. Our support for future projects is
assured, as we develop and promote green energy for our nation and
region. I applaud our collective efforts on this positive
progress."
As part of the National Golden Sun Demonstration Project, the
project was designed, developed and implemented by CNPV to fully
demonstrate the real life capability of solar power generation.
Utilising CNPV high power, high efficiency Premium modules that the
Company produces, the 7MW rating significantly exceeds the trial
projects previously installed as proof of concept.
This project, with an estimated investment of $25 million, is particularly suited to promote
Shandong Province and the City of
Dongying as leaders at the forefront of green energy production, as
well as to promote the specific benefits of solar PV power
generation. The solar power project's electricity is enough for
8,000 homes and is produced without the 8,000 tonnes per year of
carbon dioxide released or 4,000 tonnes per year of coal
consumption that accompanies a traditional, coal-fired generator's
equivalent output.
Mr. Zhang Shunfu CEO & Mr. B. Veerraju Chaudary COO, CTO
& Member of the Board of CNPV jointly said, "Our success in
developing and exhibiting this technology is a major milestone on
the road of national solar photovoltaic power acceptance. CNPV is
very pleased and honoured to play a leading role in the development
of the first largest utility scale on-grid 7MW solar PV power plant
in Shandong Province, which
represents a major milestone in the development of China's renewable energy industry. We applaud
the decisive steps taken by China's central government and local
government to support sustainable energy development and establish
a greener economy in China. With
closer cooperation between strategic energy investors, power
developers and solution providers, we are confident that solar
energy will become increasingly cost effective and achieve grid
parity in many locations over the next few years. We are supremely
grateful to our strong internal team and the outstanding unswerving
support from leading government officials. Together we have
demonstrated that our City can play a principal role in the world's
green energy transformation and are subsequently now actively
exploring our next and bigger venture."
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. CNPV designs, manufactures and supplies highly
efficient and cost effective crystalline solar PV modules. Please
visit CNPV's website at http://www.cnpv-power.com.
Contact:
CNPV Solar Power SA
B. Veerraju Chaudary, COO and Member of the Board
Phone: +86-13656-473355
Email: chaudary@cnpv-power.com