News Article
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.