Yingli Green Energy (YGE) IN Supply Deal With Wacker Chemie

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10:48:44 am on November 7, 2008

Yingli Green Energy (YGE) has secured a long term supply of polysilicon from Wacker Chemie which will supply Yingli with enough polysilicon to produce 380MW from 2010 to 2017

“Our business cooperation with Wacker Chemie, established in 2003, has developed over the years on the basis of the two parties’ long-term views of each other and of the PV industry. As of today, we have secured seven mid- to long-term virgin polysilicon supply agreements with several leading global polysilicon suppliers for delivery of polysilicon in 2009 and beyond. Five of these agreements will start delivery at the beginning of 2009 and are expected to allow us to produce more than 230 MW of PV modules in 2009. We believe these agreements will significantly reduce our blended polysilicon cost and improve product quality, which we believe will further strengthen our position as a high-quality PV product supplier with competitive prices.”

Shares are up over 10% today but still mired in a long downtrend.

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