Yingli Green Energy Holding Co. Ltd: Agreements to Supply 30 MW of PV Modules
Yingli Green Energy Signs Agreements to Supply 30 MW of PV Modules to Customers in Spain
Press Release Source: Yingli Green Energy Holding Company Limited On Thursday January 7, 2010, 6:06 am EST
BAODING, China, Jan. 7 / -- Yingli Green Energy Holding Company Limited ("Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced it has signed five sales agreements with customers in Spain. Under these sales agreements, in the first half of 2010 the Company is expected to supply a total of approximately 30 MW of PV modules to be installed in ground-mounted power plants and commercial roof-top systems.
"We are pleased to see continued demand for our high quality modules in Spain," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Following the global financial crisis and the Spanish market's sharp decline in early 2009 resulting from the constraints on annual installation volumes, Yingli Green Energy has been enhancing our marketing and execution capabilities. We are encouraged by our progress as customers increasingly view 'Yingli Solar' as a reliable, trustworthy and bankable brand."
"With solid customer bases and effective strategies in place for Europe and globally, we look forward to a promising year ahead," Mr. Miao concluded.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE) is one of the world's leading vertically integrated PV product manufacturers. Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis. Based in Baoding, China, Yingli Green Energy sells its PV modules to system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, South Korea, Belgium, France, China and the United States. For more information, please visit http://www.yinglisolar.com .
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