Yingli Signs Long-Term Polysilicon Deal with Wacker Chemie

Yingli Green Energy Holding Company Limited a vertically integrated photovoltaic (PV) product manufacturer, announced that it has entered into a new long-term polysilicon supply agreement with Wacker Chemie AG.

Under the agreement, Wacker Chemie will supply Yingli Green Energy with polysilicon from 2010 through the end of 2017. The total amount of polysilicon supplied is expected to allow Yingli Green Energy to produce approximately 380 megawatts (MW) of PV modules over the life of the agreement.

“Including this newly signed agreement, we have signed five long-term supply agreements with Wacker Chemie since 2006, demonstrating the solid relationship between the two parties,” said Liansheng Miao, chairman and CEO of Yingli Green Energy. “As of today, we have secured seven mid- to long-term virgin polysilicon supply agreements with several leading global polysilicon suppliers for delivery of polysilicon in 2009 and beyond.”

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