BAODING, China--(BUSINESS WIRE)--Yingli Green Energy Holding Company Limited (NYSE: YGE) (“Yingli Green Energy” or the “Company”), one of the world’s leading vertically integrated photovoltaic (“PV”) product manufacturers, today announced that it has entered into five new sales contracts to supply an aggregate of more than 7 MW of PV modules to five companies in Korea. All modules will be used in projects located in Korea.
Customers that signed these contracts include LG CNS Co., Ltd., DMS Co., Ltd., Hyosung Corporation, Nam Jung Energy Co., Ltd. and Kaycom Corp, to which Yingli Green Energy will supply PV modules during the third quarter of 2008.
“We are pleased with the success that we have had so far in building our business in Korea and these new contracts clearly demonstrate continued progress in extending our global presence,” commented Mr. Seok Jin Lee, Chief Operating Officer of Yingli Green Energy. “In a relatively short period of time, we have been able to develop good relationships with reputable companies in Korea. Our strong brand in other established markets has given us a solid starting point and we believe these contracts will further build customer confidence in the region. We are confident that Korea will develop into an exciting emerging solar market on the back of strong demand and favorable feed-in tariffs. As we continue to promote our products in new markets around the world, we will always remain deeply committed to further solidifying relationships with our existing customers.”
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