Yingli Green Energy (YGE) Signs Sales Agreement With China Mobile, Will Supply Huawei Technologies Co. Ltd. With PV Modules

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08:50:00 am on June 16, 2009

Yingli Green Energy just announced that it has signed a sales agreement with China Mobile’s Shanxi subsidiary. China Mobile is building a video monitoring system in Shanxi to help catch forest fires, and Yingli will provide them with off-grid PV modules to help power the system.  Under the contract, Yingli will provide a total of 269 units, which will provide .49 MW of power.

At the same time, Yingli announced that it has been chosen by Huawei, a Chinese telecommunications company, to provide PV modules to power its base stations.

In a company press release, Mr. Liansheng Miao, the company’s chairman and CEO, commented on the deals:

"We are very pleased to continue to enhance our business relationships with China Mobile and Huawei. As one of the first solar companies in China, we established business relationships with China Mobile in 2003 and with Huawei in 2004. These recent wins further demonstrate our solid position as a qualified PV module and system supplier in China. Driven by the launch of the new PV application incentive policy and the increased focus on environmental protection in China, we expect to benefit from a strong period of growth in the Chinese PV industry."

Mr. Miao continued, "The industry has experienced increased market demand for a variety of reasons, including the easing of the seasonality in Europe, considerable progress in clean energy incentive policy legislation in the United States and China, and a visible change of industry sentiment boosted by the successful Intersolar Conference hosted in Munich, Germany, last month."

"We have experienced a substantial increase in demand since the start of the year and expect to see at least a 70% increase in shipments in the second quarter over our shipments in the first quarter. In addition, our competitive cost structure, combined with lower prices of polysilicon in the spot market and under our long-term polysilicon supply contracts, gives us confidence in our ability to achieve the previously stated second quarter gross margin target, which is in the estimated range of 18% to 20%," Mr. Miao concluded.


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I think China is a very good place to invest in renewable energy because China has the bigest territory on the planet and you can find a lot of sources of renewable energy.

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