Yingli Green Energy (YGE) Scores 10MW Supply Deal With SunDurance $yge – March 2, 2010
Yingli Green Energy (YGE) has signed a 10MW sales agreement with New Jersey-based SunDurance to supply them with PV modules through the 3rd quarter of this year. The companies have worked together before but this is the largest deal between the two as Yingli works to expand their business in the US.
Managing Director of Yingli Americas Robert Petrina commented: “Our growth strategy in the U.S. is focused heavily on the commercial and utility-scale markets, where we are pleased to have several projects already underway with SunDurance Energy and other large-scale developers. As today’s announcement signifies, we’re dedicated to not only building our customers’ loyalty and trust through our reliable products but also through our ongoing superior customer support.”
Shares are up about 2% in premarket trading but remain submerged below key resistance of both the 50 and 200-day moving averages.