Yingli Amend To Supply Agreements With Wacker Chemie AG
Yingli Green Energy has announced that it has entered into
an amendment to all existing supply agreements between the Company and Wacker
Chemie AG of Germany.
Under the terms of the Amendment, several operating entities
of the Company in China will continue to purchase polysilicon from Wacker from
2019 to 2028 with quantities and price specified in the Amendment and Wacker
will suspend the damage claims against the Company arising from the
Pre-Amendment Agreements. In addition, Wacker is entitled to retain the
forfeited prepayments that were paid by the Company to Wacker and kept by
Wacker under the Pre-Amendment Agreements.