News Article
Yingli Announces 2011 Contracts
Yingli Green Energy secures over 1,000 Megawatts of Solar Module Contracts for 2011 delivery
Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which markets its products under the brand "Yingli Solar," today announced that it has entered into aggregately over 1,000 megawatts (MW) of PV module contracts for 2011 delivery, exceeding its sales target one month ahead of previously announced schedule. Customers under majority of those contracts were required to make prepayments to the Company in order to ensure committed delivery in 2011.
"We are pleased to announce this business milestone, which we expect will provide more visibility into our 2011 growth and customer demand," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We believe our ability to maintain a leading position in this increasingly competitive industry is supported by broader recognition of our premium brand, our loyal and diversified customer-base, as well as our increasing manufacturing capacity. We are answering increasing demand in new and emerging markets, including Italy, France, England, the U.S., and China."
