Feb 7 2008
Yingli Green Energy Holding Company Limited, is one of the world's leading vertically integrated photovoltaic product manufacturers, today announced that it has signed a new sales contract with Recurrent Energy, Inc., a solar services provider based in San Francisco, U.S.A, specializing in the development and operation of large rooftop real estate solutions.
Under the terms of the contract, Recurrent Energy will purchase a minimum quantity of PV modules from Yingli Green Energy in each of the second, third and fourth quarters of 2008 with an option to purchase additional PV modules during these periods.
"After successful achievements in Spanish and Germany markets, I am pleased to announce this new contract with Recurrent Energy, a U.S based solar project developer." commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "This sales contract not only demonstrates that our product quality and brand recognition have been leveraged into U.S market, but also strengthens our global strategic development. As the U.S is expected to play an increasingly important role in the development of the alternative energy industry, we believe that cooperating with major U.S based system installation companies will enhance our market penetration and establish our credibility in the U.S. market."
"We are delighted to enter into this new business relationship with Yingli Green Energy," commented Arno Harris, CEO of Recurrent Energy. "Yingli Green Energy is known for its outstanding product quality and brand credibility. After an in-depth evaluation and assessment, Yingli Green Energy has been chosen as one of three global suppliers for our projects."