Yingli Green Energy (YGE) In Sales Agreement With Payom Solar AG

Yingli Green Energy just announced that the company has entered into a sales agreement with Payom Solar AG. Under the terms of the agreement, Yingli will supply Payom with 51 MW of solar modules throughout 2010.

In a press release, Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy, commented on the agreement:

“This agreement extends the successful cooperation with Payom that we have enjoyed over a number of years, and also provides more visibility into the demand in major PV markets and our customer portfolio for 2010. Thanks to our strong track record, which we have built on our high quality products, excellent after-sales service and continuous brand promotion efforts, our “Yingli Solar” branded modules are recognized as bankable, reliable products by customers, investors and commercial banks in major PV markets. We are committed to sustaining our customers’ loyalty and confidence by continuing to deliver reliable products and run an ethical, socially responsible business.”

Mr. Jorg Truelsen, Chief Executive Officer of Payom Solar AG, stated that Yingli’s products have benefited his company over the years and that Payom looks forward to continuing their partnership.

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