Yingli Green Energy Signs Sales Contract With IBC Solar AG

May 14, 2008 by Jeff Shepard

Yingli Green Energy Holding Company Ltd. a manufacturer of vertically integrated photovoltaic products, announced that it has entered into a sales contract with IBC Solar AG, described as one of the leading specialists in PV systems worldwide. Under the terms of the contract, Yingli Green Energy is expected to supply a minimum of 35MW of PV modules to IBC from May 2008 to December 2008. In addition, IBC has an option to purchase a maximum of another 45MW of PV modules from Yingli Green Energy in 2009.

"I believe this contract will further support the cooperation and deepen the relationship between our two companies," commented Thomas C. Sauer, CEO of IBC. "Yingli Green Energy’s top quality products, brand name and solid track record have been a major reason behind our purchases from them in the past, and now we are pleased to significantly expand our relationship in the future."

"I am very pleased to announce this important contract which represents another milestone in our ongoing relationship with IBC," commented Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "I believe this sales contract marks our continued success in expanding in Germany, which is one of the most important PV markets in the world, and further demonstrates that our product quality and brand name have been recognized by one of the leading PV system specialists in the market. In addition, IBC’s broad reach makes them a particularly desirable partner. We remain deeply committed to solidifying our established customer relationships and we continue our efforts to promote our quality products and brand name to both existing and potential customers. I believe our efforts will further strengthen our position as one of the world’s leading vertically integrated PV product manufacturers."