This is one of the largest U.S. agreements for Yingli Green Energy Americas this year, and is also the largest contract between the companies to date.
Yingli Green Energy Americas' solar panels have been sold to the residential market through DC Power and other solar distributors. According to the Solar Energy Industries Association, residential grid-tied PV installations are showing particularly strong growth, increasing by 100 percent in 2009 in the U.S.
"We are pleased to widen our distribution capabilities across the U.S. by aligning with an experienced, reputable partner such as DC Power," said Mr. Liansheng Miao, chairman and chief executive officer of Yingli Green Energy. "By expanding our reach into fast-growing segments of the North American market we are delivering economically viable solutions for renewable power generation where they are needed the most."