May 31 2008
Yingli Green Energy Holding Company Limited, one of the world's leading vertically integrated photovoltaic product manufacturers, today announced that it has entered into a sales contract with S.A.G. Solarstrom Vertriebsgesellschaft mbH, one of the leading manufacturers, independent developers and system integrators in the solar power and solar investment market in Continental Europe. Under the terms of the contract, Yingli Green Energy will supply 5.75 MW of PV modules to S.A.G. from June 2008 to September 2008. The modules to be supplied under this contract are expected to be installed in S.A.G.’s projects which are located in Italy.
“This is the 8th contract that we have signed with S.A.G. for the past three years and so far we have shipped 25.5 MW of modules to them. Our latest contract with S.A.G. demonstrates this leading PV player’s confidence in our products,” said Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. “By working closely with S.A.G., which is one of the major system installers we cooperate in Continental Europe, we have been able to expand and solidify our market presence in Germany, Spain and Italy. We plan to continue to diversify our market presence in order to sustain our growth, and we will continue to reach out to customers and enhance our cooperation with major system installers from all over the world.”