Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which markets its products under the brand "Yingli Solar", has announced that one of its wholly-owned subsidiaries, Yingli Green Energy Australia Pty. Ltd. ("Yingli Australia"), has signed a Master Distributor Agreement (the "Agreement") with Solar 360 Pty Ltd. ("Solar 360") to appoint Solar 360 as a sales partner in Australia. According to the Agreement, Solar 360 will sell and promote 30 MW of Yingli Solar modules in Australia in the following 12 months through a unique "Accredited" dealer network of up to 100 accounts across all geographic regions of Australia.
"We are pleased to welcome Solar 360 as a key business partner in the Australian marketplace," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "The executive team at Solar 360 has both the necessary Australian Solar experience and broad brand experience to assist us in building a sustainable Yingli Solar presence in Australia."
Mr. Lucas Sadler, Managing Director of Yingli Australia, commented, "Our negotiations with Solar 360 have been about addressing our desire to create an 'Install with care, Install Yingli' accredited dealer network which is focused on local community engagement through best practice installations."
"The Solar 360 team recognized the professional approach Yingli Australia has taken in this market and we have been developing systems and a business plan to support Yingli's Accredited dealer network in Australia," said Mr. Michael Anthony, Director of Solar 360.