North Coast Solar Stocks

June 26, 2008

Yingli Green Energy Announces Four New Sales Contracts

Filed under: YGE — Tags: , , — Jason @ 6:00 am

Thursday June 26, 6:00 am ET

BAODING, China–(BUSINESS WIRE)–Yingli Green Energy Holding Company Limited (YGE) (“Yingli Green Energy” or the “Company”), one of the world’s leading vertically integrated photovoltaic (“PV”) product manufacturers, today announced that it entered into four new sales contracts with two leading German PV players at the Intersolar 2008 Technology Trade Fair held in June, 2008 in Munich, Germany.

The contracts include:

— Two contracts with Conergy AG (“Conergy”) under which the Company agrees to supply 7 MW of PV modules in 2008 and 50 MW of PV modules in 2009. The delivery price for the modules to be delivered in 2008 has been fixed and the delivery price for the modules to be delivered in 2009 will be determined around the fourth quarter of 2008.

— Two contracts with GeckoLogic GmbH (“GeckoLogic”) under which the Company agrees to supply 4 MW of PV modules between September 2008 and December 2008 and 3 MW of PV modules between October 2008 and March 2009. The delivery price for the modules to be delivered in 2008 has been fixed and the delivery price for the modules to be delivered in 2009 will be determined around the third quarter of 2008.

“We have been developing our relationship with these two well-regarded companies for the past few years, and have won the trust from an increasing number of major industry players with our product quality and customer service,” commented Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. “We look forward to further strengthening our relationship with them in the future. Demand in Germany remains strong and the region continues to be an area in which we plan to further strengthen our presence. With our European headquarters opened in 2007 in Munich, Germany, I believe we now have an even greater ability to closely monitor market demand and better service our customers in the region.”

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