Yingli Green Energy (YGE) announced it has signed a new 20MW solar module supply agreement with San Diego-based Borrego Solar Systems Inc. for 2011 which will be used in commercial projects across the US. Borrego Solar isn’t a stranger to Yingli. They bought 10MW from Yingli last year.
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Shares of YGE aren’t moving on the news today, down a few percent, but much improved from a few weeks ago. The stock is still in the process in carving out a large base.