In addition to the internal procedures to be conducted by CDB, detailed terms of the credit facilities and related credit agreements will need to be negotiated before any credit can be granted.
"We are very pleased with CDB's support and confidence in Yingli Group and Yingli Green Energy, which resulted in this strategic cooperation agreement," commented Mr. Zongwei Li, chief financial officer of Yingli Green Energy. "This agreement raised two parties' cooperation to a new level, which we believe will give us the ability to pursue opportunities that will allow us to strengthen our leadership position in the photovoltaics industry."
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