Yingli Green Energy (YGE) In Supplier Agreement With AES Solar

Yingli Green Energy (YGE) has signed an agreement today to be the exclusive polycrystalline PV module supplier for AES Solar for the next three years.  Financial terms of the deal haven’t been disclosed.

”We are very much looking forward to cooperating with AES Solar as they work towards supplying homes and businesses around the world with power from their leading utility-scale solar installations,” commented Mr. Liansheng Miao, chairman and chief executive officer of Yingli Green Energy. ”Our high quality PV modules, competitive pricing and stable performance were essential in AES Solar’s decision to choose us as its partner, and will continue to be critical factors in the successful completion of AES Solar’s polycrystalline PV projects in major solar markets.”

After initially trading up about 10% this morning, YGE has pared gains and is up about 4%.

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