Yingli Green Energy Holding Company Limited just announced that ithas signed a strategic sales agreement with Recurrent Energy. Per theagreement, Yingli will supply Recurrent with PV modules until 2012.Recurrent will use the modules in solar energy projects that areexpected to range in size from 2 to 20 MW.
In a press release, executives from both companies commented on the deal:
"Today’s agreement further signifies our commitment to meeting theindustry’s demand for reliable, scalable and cost-competitive modules,"said Mr. Liansheng Miao, Chairman and Chief Executive Officer of YingliGreen Energy. "We are particularly excited to work with RecurrentEnergy as they are pursuing an aggressive market development strategywith a strong pipeline of projects across North America and Europe."
"The combination of Yingli Green Energy’s high quality modules,manufacturing scale and competitive pricing fits well with ourdevelopment goals, especially within the rapidly-growing utilitymarket," said Arno Harris, Chief Executive Officer of Recurrent Energy."With this strategic partnership, we’re confident in our ability toprovide industry-leading distributed solar power to customersworldwide."