Yingli Green Energy (YGE) Nets 3 Year Framework Agreement With German Company

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09:13:30 am on February 24, 2010

Yingli Green Energy just announced the signing of a 3 year framework agreement with German solar integrator Gehrlicher Solar AG. Per the agreement, Yingli will supply 285MW worth of PV modules to Gerlicher for the next 3 years, until 2012. The modules will be used in installations across various European markets.

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

“We are pleased to announce this new long-term business relationship with Gehrlicher Solar. We believe the establishment of our partnership with Gehrlicher Solar, one of the leading system integrators with a diversified portfolio of customers in Europe, will further strengthen our position in this important region. In establishing this partnership, we were particularly impressed by Gehrlicher Solar’s successful track record in the PV industry, their focus on innovative solar PV solutions as we approach grid-parity, and their business partnership philosophy.”

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