Technology & Products

Yingli signs strategic cooperation agreement with CDB

The Yingli Group Company Limited has entered into a strategic cooperation agreement with the Hebei Branch of China Development Bank (CDB). Under the terms of the agreement, CDB expects to grant credit facilities with an aggregate maximum amount of RMB 36 billion to support the company and its affiliates.
Becky Beetz
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Becky Beetz

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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