Yingli Green Energy of China, has entered into a new agreement with Wacker Chemie AG of Germany. Under the terms of the agreement, Wacker will supply Yingli Green Energy with polysilicon from 2009 to 2011.
The total amount of polysilicon supplied will allow Yingli Green Energy to produce over 80MW of PV modules over the life of the agreement.
Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy, commented, “This fourth supply agreement, together with our three existing long-term supply agreements with Wacker, further exemplifies the solid partnership that we have had with Wacker AG since 2003. We believe this additional agreement will further enable our ability to complete the next 200MW capacity expansion plan on schedule”
Mr. Reimund Huber, Director of Marketing & Sales of Wacker, commented, “As a market leader in an area facing rapidly growing demand, we are glad to strengthen and diversify our relationship with Yingli Green Energy. We believe this agreement will benefit both partners and it coincides with our previously announced strategy of reaching a total capacity of 21,500 metric tons by the end of 2010.”
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