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En-Neo Neue Energien Exercises Module Supply Option with Yingli
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October 6, 2008

Baoding, China: En-Neo Neue Energien Exercises Module Supply Option with Yingli

Yingli Green Energy has entered into a supplementary contract to the sales contract disclosed on June 5, 2008 with EN-NEO NEUE ENERGIEN GmbH, a specialist in PV energy projects worldwide.

Under the Original Contract, Yingli Green Energy agreed to supply 9.19 MW of PV modules to EN-NEO from October 2008 to December 2008, and EN-NEO had an option to purchase an additional 9 MW of PV modules from Yingli Green Energy in 2009.

Under the New Contract, EN-NEO has agreed to exercise the option by purchasing the additional 9 MW PV modules, which are expected to be delivered from February 2009 to April 2009.

“We are pleased to announce this new contract with EN-NEO,” said Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. “We entered into two deals with EN-NEO within four months, which we believe demonstrates the confidence they have in our products and the desire both companies have to deepen the relationship. Although there are many challenges ahead, including potential effects of the recent turmoil in the financial markets, we believe German PV market is developing well, primarily because of the country’s relatively long experience with the PV industry and a clear and short governmental approval process.”


Further details about: Yingli Green Energy

 


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