SAN FRANCISCO, BAODING, China and PHILADELPHIA, June 9 /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, and Recurrent Energy, a distributed power company and a leading provider of solar energy, today announced that they have entered into a strategic sales agreement at the PV America conference in Philadelphia, PA.
Under this agreement, Yingli Green Energy has agreed to supply Recurrent Energy with crystalline PV modules through 2012 for expected use in Recurrent Energy's distributed solar projects, typically ranging from 2 to 20 MW, in the U.S., Canada, Europe and other emerging markets.
"Today's agreement further signifies our commitment to meeting the industry's demand for reliable, scalable and cost-competitive modules," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We are particularly excited to work with Recurrent Energy as they are pursuing an aggressive market development strategy with a strong pipeline of projects across North America and Europe."
"The combination of Yingli Green Energy's high quality modules, manufacturing scale and competitive pricing fits well with our development goals, especially within the rapidly-growing utility market," said Arno Harris, Chief Executive Officer of Recurrent Energy. "With this strategic partnership, we're confident in our ability to provide industry-leading distributed solar power to customers worldwide."
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