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Yingli bags PV contracts in South Korea

Posted: 08 Apr 2008 ?? ?Print Version ?Bookmark and Share

Keywords:photovoltaic? South Korea market? PV module?

Chinese photovoltaic manufacturer Yingli Green Energy Holding Co. Ltd has secured sales contracts with Korean companies Korea Electric Power Industrial Development Corp. (KEPID), and Kaycom Corp.

Under the terms of the contracts, Yingli will deliver 1.3MW of PV modules to KEPID, a renewable energy company, by the end of April. Yingli will supply 2MW of PV modules to Kaycom, an electronic components and PV devices distributor, by the end of May. The PV modules will be installed in KEPID's planned 1.8MW project in Naju, Jeon la nam-Do, Korea and Kaycom's Daelim HaeNam Project in Haenam-Gun, Jeon la nam-Do, Korea.

"Following successful achievements in Spain and Germany, I am pleased to announce these contracts with KEPID and Kaycom, which mark our first step in Korea's growing solar market," said Liansheng Miao, chairman and CEO of Yingli. "Korea is expected to play an increasingly important role in the development of the alternative energy industry, especially due to its favorable feed-in-tariff policy. We believe that cooperating with KEPID and Kaycom will help us strengthen our global strategic development by establishing a presence in the Korean market."

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