Yingli Green Energy Holding Company Limited, the world's photovoltaic manufacturer, which markets its products under the brand "Yingli Solar", announced on August 8th, 2013, that its wholly-owned subsidiary, Yingli Green Energy Australia Pty Ltd. has entered into a sales framework agreement with L&H Solar + Solutions, a subsidiary of L&H Group, the electrical wholesaler in Australia and New Zealand.
According to the Agreement, L&H Solar + Solutions will distribute Yingli Green Energy's flagship monocrystalline PV modules, PANDA Series, and the high-performing multicrystalline PV modules, YGE Series, through its network of more than 200 electrical wholesale outlets, as well as to over 30,000 electrical contractors and solar partners across Australia and New Zealand. Both the PANDA and YGE Series modules offer superior performance efficiency, helping residential and commercial owners achieve high energy outputs and a greater return on investment.
"This Agreement creates a powerful new alliance in Australia and New Zealand's solar energy market, leveraging Yingli Green Energy's strength as the world's largest PV module manufacturer and L&H Group's industry knowledge and expansive customer base in the electrical market," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Australia has established a strong reputation of being at the forefront of adopting solar photovoltaic technologies in the Asia Pacific region. In order to provide the most efficient and convenient service to our customers, recently we have opened a new office in Sydney. By cooperating with partners like L&H Solar + Solutions and the efforts of our highly professional local sales team, we are paving the way for further expansion in Australia and New Zealand."