North Coast Solar Stocks

December 7, 2009

Yingli Green Energy to Supply 51 MW of PV Modules to Payom Solar AG in 2010

Filed under: YGE — Tags: , , — Jason @ 4:05 am

4:05 am EST, Monday December 7, 2009

BAODING, China, Dec. 7 /PRNewswire-Asia-FirstCall/ — 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 it has signed a sales agreement (“the Agreement”) with Payom Solar AG, a leading PV rooftop system specialist based in Germany. Under the terms of the Agreement, Yingli Green Energy is expected to supply 51 MW of PV modules to Payom from the first quarter through the fourth quarter of 2010.

“This agreement extends the successful cooperation with Payom that we have enjoyed over a number of years, and also provides more visibility into the demand in major PV markets and our customer portfolio for 2010,” said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. “Thanks to our strong track record, which we have built on our high quality products, excellent after-sales service and continuous brand promotion efforts, our “Yingli Solar” branded modules are recognized as bankable, reliable products by customers, investors and commercial banks in major PV markets. We are committed to sustaining our customers’ loyalty and confidence by continuing to deliver reliable products and run an ethical, socially responsible business.”

Mr. Jorg Truelsen, Chief Executive Officer of Payom Solar AG, commented, “We have had many good experiences during our years of partnership with Yingli Green Energy, whose high quality products have helped us consistently deliver great solutions to our customers. This 51 MW sales contract is the largest PV module purchase agreement in our history, and demonstrates our confidence both in Yingli Green Energy and in the market outlook for 2010. We expect to continue our solid growth in the coming year with the help of Yingli Green Energy’s reputable, reliable products, which we believe will enable us to generate additional value for our customers.”

About Payom Solar AG

Payom Solar AG is a system supplier of solar equipment, independent of any manufacturer. The company plans, installs and sells in-roof and on-roof solar-energy systems, from home equipment to major industrial plants, and hands them over, ready to use, to institutional or private investors and operators.

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