Solar

Yingli Receives 5-MW Czech Order

Yingli Green Energy and CTP Invest spol. s r.o., a Czech Republic-based commercial property developer, have signed a letter of intent for the supply of solar photovoltaic (PV) modules by Yingli Green Energy to CTP.

Under the terms of the letter of intent, CTP is expected to purchase approximately 5 megawatts (MW) of PV modules from Yingli Green Energy in the fourth quarter of 2009. The modules are expected to be used for several on-grid rooftop systems in CTP’s industrial parks and office centers located in the Czech Republic.

“We believe Yingli is a value-added partner with its leading position in the industry, trusted brand name and a solid track record. We expect to enter into binding contracts with Yingli based upon this letter of intent in the following weeks and we look forward to pursuing additional cooperation opportunities in Central and Eastern Europe,” said Remon Vos, managing director of CTP.