Yingli Signs Long-Term Polysilicon Agreement with Wacker (posted 11/11/08)
“Including this newly signed agreement, we have signed five long-term supply agreements with Wacker Chemie since 2006, demonstrating the solid relationship between the two parties,” said Liansheng Miao, chairman and chief executive officer of Yingli Green Energy. “Our business cooperation with Wacker Chemie, established in 2003, has developed over the years on the basis of the two parties’ long-term views of each other and of the PV industry.
“As of today, we have secured seven mid- to long-term virgin polysilicon supply agreements with several leading global polysilicon suppliers for delivery of polysilicon in 2009 and beyond. Five of these agreements will start delivery at the beginning of 2009 and are expected to allow us to produce more than 230 MW of PV modules in 2009. We believe these agreements will significantly reduce our blended polysilicon cost and improve product quality, which we believe will further strengthen our position as a high-quality PV product supplier with competitive prices.”
For more information, visit www.yinglisolar.com.