Yingli Green Energy Holding Company Limited (NYSE: YGE), ("Yingli Green Energy" or the "Company"), a solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which markets its products under the brand "Yingli Solar," has signed a 7.9 MW PV module sales agreement with Cegelec, a PV system integrator in France. The PV modules supplied under this agreement are expected to be installed into ground-mounted systems located in the southwest of France. This agreement is the largest agreement between the two companies to date.
"Cegelec is one of the largest PV installers in France and also one of the key components to our growth strategy there," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "In view of the fact that the French solar market is booming, Yingli Green Energy has recently set up office in Lyon, France, with the objective of being close to the market and thus being able to provide best service to our customers and partners. In our opinion, sustainable long-term growth requires our steady and long-term commitment to the market and support from major players such as Cegelec."
"When we look for long-term partners, we seek companies such as Yingli Green Energy that not only possess a track record of success and a well-known brand, but feature robust product warranty commitments and a proven trustworthiness matching perfectly with our customers' high standards," said Alain Viard, Head of Photovoltaics, Cegelec.