China's Yingli plans to deliver 17.35 megawatts of solar modules to Japan's Eiko by November.
Baoding, China-based Yingli Green Energy Holding (NYSE: YGE), a solar cell manufacturer, said today it signed a deal to supply solar modules to Japan's Eiko Trading.
Yingli said Eiko is engaged in the development and installation of photovoltaic systems in Japan and consulting, trading and investing in renewable energy projects with global partners.
Under the terms of the contract, Yingli said it would supply 17.35 megawatts of photovoltaic modules to Eiko for planned projects in Germany.
Yingli said the shipments would be delivered between April and November.
"Our strategy is to provide reliable and flexible turnkey PV system solutions to our customers and Yingli shares our vision," said Rui Chen, president of Eiko.
"We expect our cooperation with Yingli to develop into a more strategic, long-term relationship as we both continue to grow rapidly."
Yingli designs, manufactures and sells photovoltaic modules and designs, assembles, sells and installs photovoltaic systems that are connected to an electricity transmission grid or those that operate on a stand-alone basis.
"Germany has been the major driver in turning the PV industry into the global business that it is today," said Liansheng Miao, chairman and CEO of Yingli.
"We believe this partnership with Eiko will further strengthen our presence in the world's largest market and act as a springboard to allow us to move forward into the exciting future of the PV industry."
Yingli plans to expand its annual production capacity of polysilicon ingots and wafers, photovoltaic cells and photovoltaic modules to 400 MW by the end of this year, up from 200 MW, and to 600 MW by the end of 2009.
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