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 a sales contract with SunDurance Energy, LLC (“SunDurance”), which develops, designs and builds large-scale solar energy facilities for private and public entities in the United States. Pursuant to this agreement, Yingli Green Energy has agreed to supply an aggregate of 1.4 MW of PV modules to SunDurance from December 2008 to January 2009, which will be used for a solar power plant under construction on the Livingston Campus of Rutgers University. The $10 million solar farm project will be financed by Rutgers University and the Clean Energy Program of the New Jersey Board of Public Utilities.
According to Rutgers University, this project will be largest campus solar energy facility in the United States, and is expected to generate approximately 10 percent of the electrical demand for the Livingston Campus while reducing the university’s carbon dioxide emissions by more than 1,200 tons per year.
“We are very pleased to be working with Yingli Green Energy on the Rutgers University project,” said Al Bucknam, Chief Executive Officer of SunDurance Energy. “Yingli's products meet the demanding performance requirements of this project and the module design enables a more space-efficient layout.”
“We are pleased to work with SunDurance and to be a part of Rutgers University’s efforts to bring environmentally sound practices to higher education,” commented Mr. Robert Petrina, the Business Development Manager of Yingli Green Energy. “I believe solar power will play an increasingly important role in the energy generation mix of the United States, and this project and our relationship with SunDurance highlights our commitment to the U.S. market.”
