Yingli Green Energy (Yingli Solar) has signed a framework agreement with Xi'an LONGi Silicon Materials Corp. (LONGi) to cooperatively establish a vertically integrated production line of monocrystalline PV products from silicon wafers, ingots, solar cells to solar panels. The partnership will leverage both companies’ technology, expertise, experience and resources across the full monocrystalline value chain.
The agreement suggests integrated collaborations of the two parties. For example, when producing ingots, Yingli will integrate LONGi's technology and cost-saving advantages into its own production lines, and LONGi will supply high quality monocrystalline wafers to Yingli at a competitive price. Under the same circumstances, Yingli agrees to preferentially procure LONGi's monocrystalline silicon wafers. In the meanwhile, both parties agreed to develop high-efficiency monocrystalline solar application markets from home and abroad and consider to use monocrystalline modules for their self-developed power plants, further to explore the possibilities to jointly develop monocrystalline silicon ingot plants.
"We are pleased to begin collaborating with LONGi, a world leader in the production of monocrystalline silicon. Our partnership enables Yingli to make full use of its manufacturing capacity by both optimizing allocation and reducing costs," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.
Mr. Baoshen Zhong, Chairman of Xi'an LONGi Silicon Materials Corp. commented that the collaboration will help both companies more effectively meet the rising demand for high-performing, cost-effective monocrystalline PV solutions in the global marketplace.