Yingli Green Energy Holding Company Limited , a solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which holds the brand "Yingli Solar," today announced that its wholly owned subsidiary, Yingli Green Energy Italia Srl ("Yingli Green Energy Italia") has signed a PV module sales agreement with Tecno Spot. Under the terms of the sales agreement, Tecno Spot will purchase approximately 6 MW PV modules from Yingli Green Energy Italia through the end of 2010. In addition, Tecno Spot is also committed to purchasing additional 10-20 MW PV modules by the end of 2011. Founded in 1998, Tecno Spot is one of the largest European solar vendors headquartered in Italy which has provided equipment and services for more than 5,000 solar projects around the world.
"We see great potential in the Italian market, which has a very robust demand for Yingli Solar modules," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We believe by collaborating with Tecno Spot, a PV pioneer in Italy, we will further expand our business in this rising top-tier European PV market."
Mr. Gert Gremes, Chief Executive Officer of Tecno Spot said, "The relationship we are building with Yingli Green Energy will help us keep pace with the rapid market growth. We have faith in Yingli Green Energy not only because of the high performance of its modules, but also the excellent customer service it provides."
Mr. Fabio Patti, Sales Manager of Yingli Green Energy Italia added, "The cooperation with Tecno Spot is an important step taken for our channel expansion in Italy. We expect to provide value-added services to the end-user through working with seasoned partners such as Tecno Spot."