Yingli Green Energy (YGE) Signs Contracts with IBC Solar

Yingli Green Energy announced today that is has signed a sales contract with IBC Solar.  Under the terms of the contract, Yingli Green Energy will supply IBC with 91 MW of their PVC modules starting in December 2008 and ending in October 2009. The price of the PVC modules is fixed, but can be adjusted if the market price falls below the fixed price.

Mr. Liansheng Miao, Yingli’s Chairman and CEO, commented on the deal between the two companies, saying:

"We are very pleased to announce these significant new contracts, which we believe provide more visibility for our sales in 2009. The majority of our customers are companies with an established track record of successful operations, just like IBC Solar. We expect that these new contracts will further strengthen our leading position in the German market and provide a solid foundation for our continued success there in the coming year. In addition, we believe our competitive PV module pricing and reliable product quality, which are supported by our vertically integrated business model and one of the lowest non-polysilicon manufacturing cost structures in the industry, will further enhance customer loyalty and extend our market share in this competitive environment."

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