S.A.G. Solarstrom and Yingli enter into supply agreement

Much of the deal comprises Yingli Green Energy¬ís Panda modules, which have a reported efficiency of up to 16.2 percent. S.A.G. says the capacity now agreed on is planned for projects in the European countries in which it operates. It also underscores the company’s planned further growth.

"The now secured volume of high-quality modules, in addition to the quota that we negotiate with other suppliers, is an important step for us towards implementing our planned growth over the next few years," commented Dr. Karl Kuhlmann, CEO of S.A.G. Solarstrom.

S.A.G has been working together with Yingli as a system partner since 2005.

Yingli nets Golden Sun order

In other news, Yingli has been selected as a "major" PV module supplier to the Gold Sun Program, sponsored by the Ministry of Finance of China. As a result, the company is expected to supply approximately 70 percent of the PV modules required for the 272 MWs of PV projects announced under the program.

The majority of the module shipments are scheduled for the second half of next year. In addition, according to the guidelines of the program, the Ministry of Finance will grant 70 percent of subsidy to Yingli once the sales agreements are concluded and the relevant application procedures are fulfilled.

"We are honored to become a major PV module supplier for the Golden Sun Program, which is a significant business milestone for our expansion in the Chinese solar market," Mr. Liansheng Miao, chairman and CEO of Yingli Green Energy commented. "I am happy to witness that the Chinese government has demonstrated its strong commitment to boost renewable energy utilization in its recently announced Five-Year Plan."