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Yingli Green, EN-NEO extend PV sales deal to 2009

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

Keywords:photovoltaic module? PV market? contract sales?

China-based photovoltaic (PV) manufacturer Yingli Green Energy Holding Company Ltd has entered into a supplementary contract to the sales contract disclosed on June 5 with EN-NEO NEUE ENERGIEN GmbH.

Under the original contract, Yingli Green agreed to supply 9.19MW of PV modules to EN-NEO from October 2008 to December 2008, and EN-NEO had an option to purchase an additional 9MW of PV modules from Yingli Green Energy in 2009. Under the new contract, EN-NEO has agreed to exercise the option by purchasing the additional 9MW PV modules, which are expected to be delivered from February to April 2009.

"We entered into two deals with EN-NEO within four months, which we believe demonstrates the confidence they have in our products and the desire both companies have to deepen the relationship," said Liansheng Miao, chairman and CEO of Yingli Green Energy. "Although there are many challenges ahead, including potential effects of the recent turmoil in the financial markets, we believe German PV market is developing well, primarily because of the country's relatively long experience with the PV industry and a clear and short governmental approval process."

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