Yingli Green Energy just announced that they will be providing CTP, a Czech commercial property developer, with 5 MW of solar PV modules. Under the terms of the letter of intent, signed by both companies, CTP is expected to purchase the modules from Yingli in the fourth quarter of this year.

In a company press release, representatives from both companies commented on the deal:

“We believe Yingli is a value-added partner with its leading position in the industry, trusted brand name and a solid track record. We expect to enter into binding contracts with Yingli based upon this letter of intent in the following weeks and we look forward to pursuing additional cooperation opportunities in Central and Eastern Europe,” commented Mr. Remon L. Vos, Managing Director of CTP.

“We are delighted to announce the cooperation with CTP, which represents a solid step we have achieved to explore the Czech Republic market,” commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. “We have delivered more than 10 MW PV modules to customers in the Czech Republic this year, and we believe the cooperation with CTP further demonstrates our strong ability to capture market share in emerging markets. With the gradually improving financing conditions and recovering market demand in Germany and other European markets, we are excited about the upcoming new growth cycle for solar in Europe.”