Yingli & SunDurance Reach 10-MW PV Deal

Yingli Green Energy Holding Company Limited has signed a sales agreement with SunDurance Energy LLC, a solar integrator based in New Jersey that develops, designs, builds and operates megawatt-scale solar power solutions.

Under the terms of the agreement, Yingli Green Energy will supply more than 10 MW of PV modules to SunDurance Energy through the third quarter of 2010.

“This agreement is expected to extend the successful cooperation with SunDurance Energy that we have enjoyed over the last two years, and signals our continued commitment to the expansion into the United States solar market,” said Liansheng Miao, chairman and CEO of Yingli Green Energy. “Thanks to our strong track record, which we have built on our high-quality products, excellent after-sales service and continuous brand promotion efforts, our Yingli Solar brand modules are recognized as bankable, reliable products by customers, investors and commercial banks across the world.”

This agreement is the largest PV module purchase agreement in SunDurance’s history, and the company said that it demonstrates confidence both in Yingli Green Energy and in the market outlook for 2010.

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