Yingli Enters Korean Market

Yingli Green Energy Holding Company Limited announced that it has signed sales contracts with two Korean companies, Korea Electric Power Industrial Development Corporation (KEPID) a renewable energy company, and Kaycom Corporation, a distributor of electronic components and photovoltaic (PV) modules.

Under the terms of the contracts, Yingli Green Energy will deliver 1.3 megawatts (MW) of PV modules to KEPID by the end of April and 2 MW of PV modules to Kaycom by the end of May. The PV modules provided under these contracts will be installed in KEPID’s planned 1.8-MW project in Naju and Kaycom’s project in Haenam-Gun.

“Following successful achievements in Spain and Germany, I am pleased to announce these contracts with KEPID and Kaycom, which mark our first step in Korea’s growing solar market,” said Liansheng Miao, CEO of Yingli Green Energy. “Korea is expected to play an increasingly important role in the development of the alternative energy industry, especially due to its favorable feed-in-tariff policy. We believe that cooperating with KEPID and Kaycom will help us strengthen our global strategic development by establishing a presence in the Korean market.”


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