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Yingli Green, Wacker Chemie extend polysilicon supply deal

Posted: 11 Nov 2008 ?? ?Print Version ?Bookmark and Share

Keywords:photovoltaic? polysilicon supply deal?

Yingli Green Energy Holding Company Ltd has entered into a new long-term polysilicon supply agreement with Wacker Chemie AG.

Under the agreement, Wacker Chemie will supply Yingli Green Energy with polysilicon from 2010 through the end of 2017. The total amount of polysilicon supplied is expected to allow Yingli Green Energy to produce approximately 380MW of photovoltaic modules over the life of the agreement.

"Including this newly signed agreement, we have signed five long-term supply agreements with Wacker Chemie since 2006, demonstrating the solid relationship between the two parties," commented Liansheng Miao, chairman and CEO of Yingli Green Energy. "Our business cooperation with Wacker Chemie, established in 2003, has developed over the years on the basis of the two parties' long-term views of each other and of the PV industry. As of today, we have secured seven mid- to long-term virgin polysilicon supply agreements with several leading global polysilicon suppliers for delivery of polysilicon in 2009 and beyond."

Miao added that five of the agreements will start delivery at the beginning of 2009 and expected to enable the company to produce more than 230MW of PV modules in 2009.

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