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 holds the brand "Yingli Solar," today announced it has signed a sales contract with MAESSA TELECOMUNICACIONES, INGENIERIA, INSTALACIONES Y SERVICIOS, S.A.
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 holds the brand
"Yingli Solar," today announced it has signed a sales contract with
MAESSA TELECOMUNICACIONES, INGENIERIA, INSTALACIONES Y SERVICIOS, S.A.
("MAETEL"), a leading Spanish EPC company which belongs to the
industrial division of A.C.S. Group, one of Europe's largest infrastructure
development companies. Under the terms of this contract, Yingli Green Energy
has agreed to supply 33 MW of PV modules to MAETEL from the beginning of
October 2010 through the end of April 2011.
The PV modules to be supplied by the Company under this contract are expected
to be installed in a PV solar power plant located in
Curbans
,
France
.
According to the plant owner, GDF SUEZ Group, one of the world's leading energy
providers, the 33 MW PV solar power plant in Curbans will be France's largest
PV solar power facility and is expected to produce 43.5 million kilowatt hours
of renewable energy each year, equivalent to the annual electricity consumption
of 14,500 households (excluding heating). Compared with a fuel oil power plant,
it will create a reduction of close to 120,000 metric tons of CO2 emissions
annually.
"We are pleased to announce this exciting cooperation with MAETEL,"
said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green
Energy. "This contract provides more positive visibility into the demand
momentum in the emerging European solar markets. Moreover, we are glad to see
that our customers in existing markets are actively exploring market
opportunities beyond their domestic scope, which will help us further diversify
our market exposure."
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