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Yingli Green Energy Signs Solar PV Module Sales Agreement with SunDurance Energy

Yingli Green Energy Holding Company Limited, one of the largest vertically integrated PV manufacturers in the world, has signed a sales agreement with SunDurance Energy to provide over 10 MW of solar PV modules. SunDurance Energy, which is based in New Jersey, is engaged in developing, designing, constructing and operating large-scale solar energy solutions.

Chairman and Chief Executive Officer of Yingli Green Energy, Mr. Liansheng Miao, said the company has partnered with SunDurance Energy for the past two years successfully and hopes to extend the cooperation through this agreement. It also reflects the company’s commitment to expand more into the solar market in the U.S. Miao further said the company’s solar modules are well-recognized in the global solar market due to its strong track record.

Managing Director of Yingli Green Energy Americas, Inc. Robert Petrina, said the company’s U.S growth strategy is centered heavily on the utility and commercial-scale markets, where it has many projects currently with SunDurance Energy and other mega-scale developers. The company is committed to building its customer’s loyalty and to its superior customer support, Petrina said.

CEO of SunDurance Energy, Al Bucknam, said that with Yingli Green Energy’s high-quality products, the company is able to deliver outstanding solar solutions to its customers consistently. This agreement represents the company’s largest photovoltaic module purchase agreement in its history. It also reflects the company’ confidence in Yingli Green Energy as well as in the market forecast for 2010, Bucknam said.

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