Yingli Signs 35-MW in Module Deals

Yingli Green Energy Holding Company Limited announced that it has entered into sales agreements with German PV system integrators, City Solar Kraftwerke AG and Wirsol Deutschland GmbH.

Under the sales agreement with City Solar, Yingli is expected to supply 20 megawatts (MW) of PV modules to City Solar in 2009. In addition, City Solar has an option to purchase an additional 30 MW of PV modules from Yingli in 2009.

Under the sales agreement with Wirsol, Yingli is expected to supply 15 MW of PV modules to Wirsol from December 2008 through October 2009. In addition, Wirsol has an option to purchase an additional 20 MW of PV modules from Yingli in 2009.

“We are pleased to announce our sales contract with City Solar and Wirsol,” said Liansheng Miao, chairman and CEO of Yingli Green Energy. “We have established a solid position as a reliable PV module supplier for large-scale PV power plants and other solar power solutions worldwide, thanks to our successful track record and long history in cooperating with utilities and PV system installers in Europe. We expect to continue to capture market share in a more competitive environment with our high quality products, brand recognition and competitive PV module pricing.”

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