In the second solar module supply deal announced by the vertically integrated Chinese manufacturer over the past week, Yingli Green Energy has signed a sales agreement with SunDurance Energy to provide more than 10MW of Yingli Solar-branded crystalline-silicon PV modules to the New Jersey-based solar power system designer/integrator through the third quarter of 2010. The deal is also the largest in SunDurance’s history.
Financial terms of the agreement were not disclosed.
“This agreement is expected to extend the successful cooperation with SunDurance Energy that we have enjoyed over the last two years, and signals our continued commitment to the expansion into the United States solar market,” said Liansheng Miao, chairman/CEO of Yingli Green Energy. “Thanks to our strong track record, which we have built on our high-quality products, excellent after-sales service and continuous brand promotion efforts, our ‘Yingli Solar’ brand modules are recognized as bankable, reliable products by customers, investors, and commercial banks across the world.”
“Our growth strategy in the U.S. is focused heavily on the commercial and utility-scale markets, where we are pleased to have several projects already under way with SunDurance Energy and other large-scale developers. As today’s announcement signifies, we’re dedicated to not only building our customers’ loyalty and trust through our reliable products, but also through our ongoing superior customer support,” added Robert Petrina, managing director of Yingli Green Energy Americas.
Al Bucknam, CEO of SunDurance Energy, commented, that his company has “had many good experiences during our years of partnership with Yingli Green Energy, whose high-quality products have helped us consistently deliver great solutions to our customers. This agreement is the largest PV module purchase agreement in our history, and demonstrates our confidence both in Yingli Green Energy and in the market outlook for 2010.”
“We purposefully set this agreement on a fast-track timeframe given our positive outlook for the coming year,” he added, “and the additional value we believe will be generated with the help of Yingli Green Energy’s reputable, reliable products.”
Last week, Yingli announced a huge supply agreement for the European market–some 285MW of PV modules over the next three years–with German firm Gehrlicher Solar. In early February, the company said it had garnered a prestigious global sponsorship for the upcoming 2010 FIFA World Cup–making Yingli the first renewables concern to sponsor the competition.