Yingli Green Energy Holding Company Limited, the solar energy company and vertically integrated photovoltaic manufacturer, which markets its products under the brand "Yingli Solar," announced that it has entered into a three-year sales contract with S.A.G. Solarstrom AG ("S.A.G."), the manufacturer, independent developer and system integrator in the solar power and solar investment market in Europe. Under the terms of the contract, Yingli Green Energy will supply 220 MW of PV modules to S.A.G. from 2011 through 2013. The modules are expected to be installed in residential, commercial rooftop and ground-mounted power plants across key European PV markets where S.A.G. operates.
"We are pleased to announce our extended partnership with S.A.G., which will further strengthen the already successful cooperation between us," Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy, commented. "This long-term contract reflects the trust and confidence that our customers have in Yingli Green Energy's ability to meet their increasing requirements on a consistent basis. We recognize that strong support from our channel partners and loyal customers is a key success factor for our sustainable growth in this fast-growing and competitive industry."
"Yingli Green Energy is one of our most preferred partners due to their excellent product quality and reliability. This secured volume of high-quality PV modules is an important step towards implementing our planned growth over the next few years," said Dr. Karl Kuhlmann, CEO of S.A.G. Solarstrom AG.