"We are pleased to announce the largest contract in the history of Yingli Green Energy's cooperation with IBC Solar, which is a testament to the strength of the relationships we maintain with our customers," said Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. "This cooperation with IBC Solar, one of the world's largest suppliers of ready-to-use PV systems and all of the individual components for producing solar electricity, will further enhance our representation in major solar markets worldwide. In addition, this agreement represents our ongoing commitment to work with our customers to make it possible for clean, green and renewable energy from the sun to power businesses, homes and machines throughout the world".
Mr. Miao noted that the agreement with IBC Solar also provides additional visibility into Yingli Green Energy's expected sales for 2010.
Mr. Udo Mohrstedt, Chief Executive Officer of IBC Solar, commented, "We have always held that it is important for leading solar players to work together in order to supply our customers all over the world with state-of-the-art PV systems, so undoubtedly we are very confident to bring our cooperation with Yingli Green Energy to the next level".
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