China - Yingli Green Energy Holding ( http://www.yinglisolar.com ) has entered into new PV module sales contracts with leading German PV players GeckoLogic and Sinosol. Yingli Green Energy signed a 28 MW PV module sales contract with GeckoLogic, a global solar system design and engineering firm dedicated to the design and installation of high performance PV systems for homes, businesses, government facilities and large commercial buildings.
Under the terms of the contract, Yingli Green Energy will supply 28 MW of PV modules to GeckoLogic from January 2009 to December 2009. In addition, GeckoLogic has an option to order an additional 7 MW of PV modules from Yingli Green Energy in 2009. The PV modules to be delivered under this contract are expected to be installed in projects in Germany and other countries in Europe.
“During the past three years, we have gradually enhanced our market presence by delivering high performance, high quality PV systems,” said Mr. Steve Gyoerffy, Chief Executive Officer of GeckoLogic. “We selected Yingli to be among our top-tier strategic suppliers because of their superior product quality and sustainable module performance, experienced operating team and first-rate customer service. As the largest contract we have signed to date, this contract represents another milestone for our company and for our relationship with Yingli Green Energy.”
Yingli Green Energy signed a 30 MW PV module sales contract with Sinosol, a global supplier of photovoltaic systems, and planner and developer of turnkey solar parks. Under the terms of the contract, Yingli Green Energy will supply 30 MW of PV modules to Sinosol. The specific delivery schedule is expected to be finalized in November 2008.
“We have been working with Yingli since 2005,” commented Mr. Kay Lee, Chief Executive Officer of Sinosol. “In order to ensure the delivery of high quality performance PV systems, we visit Yingli Green Energy’s manufacturing lines a few times each year to learn more about their efforts to enhance quality control procedures and implement new research and development achievements across their entire value chain. Their product quality has impressed us in our past contracts, and we are confident that this contract will play a critical role in the execution of our projects in 2009.”