Feb 1 2011
Sunvalley Solar, Inc. (OTC Bulletin Board: SSOL), a leading provider of solar power technology and solar integration systems, today announced a 1.2-megawatt solar photovoltaic module supplying contract with TianWei SolarFilms.
This contract will secure Sunvalley Solar panel supplying for its signed contractual projects in Palm Desert, California, while it also expands TianWei SolarFilms' presence in USA market.
Dr. James Zhang, President and CEO of Sunvalley Solar Inc, commented, "Sunvalley Solar had a great achievement in supporting farmers in Palm Desert area to reduce their utility cost with solar energy. By now, we've already signed ~$5M contracts with farms in Palm Desert area. It is extremely important that we secured the thin-film solar panels supplying with our strategic partner TianWei SolarFilms, with best price and payment term, plus their full technical support and services."
Lan Tao, Vice President of TianWei SolarFilms, stated, "A key part of TianWei SolarFilms' strategy is to provide high quality solar modules at superior pricing and terms for Sunvalley Solar Inc, our strategic partner in USA, not only for its installation projects covered in this contract, but also for its installer partners through Sunvalley's distribution channels. This contract as well as other agreements under discussion now will serve as the foundation for the strategic relationship between TianWei SolarFilms and Sunvalley Solar Inc."
The strategic relationship between Sunvalley Solar Inc and TianWei SolarFilms will accelerate TianWei SolarFilms' U.S. market goals and Sunvalley Solar's ramping-up in solar system installation and distribution with Thin-Film solar panel.
Source: http://www.sunvalleysolarinc.com/