Yingli teams up with XSOL in Japan

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Yingli Green Energy has signed a distribution deal with leading Japanese solar energy company XSOL.

As part of its agreement with Yingli subsidiary Yingli Japan, XSOL will sell and promote YGE 60 Cell Series modules starting in mid-January in the Japanese market.

Yingli was the first solar module manufacturer to obtain TÜV Rheinland’s JIS Q 8901certificate, which certifies that Yingli modules meet Japan’s strict reliability requirements. YGE Series modules are also certified by TÜV Rheinland to withstand challenging environmental conditions such as salt mist and ammonia.

XSOL, a full-service PV system provider, sold over 137 MW of PV modules and systems in Japan through its more than 1,000 dealers and installers in the past fiscal year (which ended May 31, 2013).

"XSOL has made a breakthrough in the Japanese PV market, which has expanded significantly in recent years," said XSOL CEO Takumi Kashiwa. "Our partnership with Yingli Solar is a pillar of our solar module strategy, and we believe it will be an important driver of our company’s growth as well as the growth of the Japanese market."

Yingli Chairman and CEO Liansheng Miao pointed out that XSOL had successfully expanded from Japan’s residential sector into the commercial market, adding that the deal would help Yingli meet its strategic three-to-five year sales goals for Japan.