North Coast Solar Stocks

December 15, 2009

Yingli Green Energy to Supply 130 MW of PV Modules to IBC SOLAR AG in 2010

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

6:00 am EST, Tuesday December 15, 2009

BAODING, China, Dec. 15 /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 IBC SOLAR AG (“IBC SOLAR”), one of the leading specialists in PV systems worldwide. Under the terms of the agreement, Yingli Green Energy has agreed to supply 130 MW of PV modules to IBC SOLAR from the first quarter through the fourth quarter of 2010.

“We are pleased to announce the largest contract in the history of Yingli Green Energy’s cooperation with IBC SOLAR, which is a testament to the strength of the relationships we maintain with our customers,” said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. “This cooperation with IBC SOLAR, one of the world’s largest suppliers of ready-to-use PV systems and all of the individual components for producing solar electricity, will further enhance our representation in major solar markets worldwide. In addition, this agreement represents our ongoing commitment to work with our customers to make it possible for clean, green and renewable energy from the sun to power businesses, homes and machines throughout the world.”

Mr. Miao noted that the agreement with IBC SOLAR also provides additional visibility into Yingli Green Energy’s expected sales for 2010.

Mr. Udo Mohrstedt, Chief Executive Officer of IBC SOLAR, commented, “We have always held that it is important for leading solar players to work together in order to supply our customers all over the world with state-of-the-art PV systems, so undoubtedly we are very confident to bring our cooperation with Yingli Green Energy to the next level.”

About IBC SOLAR AG

IBC SOLAR AG, founded in 1982, is a leading global photovoltaic integrator, offering complete solutions for power production from solar energy. The firm covers the entire spectrum, from planning to the turnkey handover of photovoltaic installations. Globally, IBC SOLAR has already implemented more than 100,000 turnkey photovoltaic systems with a total power output of 800 megawatt (MWp). IBC SOLAR is represented around the globe by several affiliates and currently employs around 300 employees, of which 210 are in Germany. The international business group IBC SOLAR is directed from its headquarters in Bad Staffelstein. For more information, please visit http://www.ibc-solar.com .

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