Yingli Solar to supply 285 MW of photovoltaic modules to Gehrlicher Solar

Baoding, China, February 24, 2010 – Yingli Solar formed an agreement with Gehrlicher Solar, a solar photovoltaic system integrator in Europe.

Under the agreement, Yingli Green Energy agreed to supply 285 MW of PV modules to Gehrlicher Solar over a three-year period through 2012.

The PV modules to be supplied by the company under this agreement will be installed mainly in residential, commercial rooftop and ground-mounted power plants across key European PV markets.

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Yingli Solar is a unit of Yingli Green Energy Holding Company Limited, a solar energy company and photovoltaic manufacturer. Gehrlicher Solar is a European PV system integrator.

“We are pleased to announce this new long-term business relationship with Gehrlicher Solar,” said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. “We believe the establishment of our partnership with Gehrlicher Solar, one of the leading system integrators with a diversified portfolio of customers in Europe, will further strengthen our position in this important region. In establishing this partnership, we were particularly impressed by Gehrlicher Solar’s successful track record in the PV industry, their focus on innovative solar PV solutions as we approach grid-parity, and their business partnership philosophy.”

Mr. Klaus Gehrlicher, founder and Chief Executive Officer of Gehrlicher Solar, said, “This long-term framework agreement with Yingli Green Energy will strengthen our position within the crystalline market segment and enhance the representation of both companies in major solar markets in Europe. In addition, we are pleased to be adding Yingli Green Energy’s high-quality PV modules, which are a perfect fit with our ‘gehrtec’ product family, to our portfolio of products.”

Yingli Green Energy develops, manufactures and sells photovoltaic modules to a wide range of markets, including Germany, Spain, Italy, Greece, France, South Korea, China, and the U.S. Headquartered in Baoding, China, Yingli Green Energy has more than 6,000 employees and more than 10 subsidiaries and branch offices worldwide.

Gehrlicher Solar AG is a photovoltaic company with registered office in Neustadt near Coburg and head office in Dornach near Munich. Gehrlicher Solar AG plans, constructs, finances and maintains photovoltaic systems. As a wholesaler, it also offers solar modules, as well as its own components (from cables to substructures).

 

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