July 9, 2008

Yingli to Supply PV Modules to Korean Firms

The Yingli Green Energy Holding Company, a China-based vertically integrated photovoltaic product manufacturer, has entered into five new sales contracts to supply an aggregate of more than 7MW of modules to five companies in Korea.

Yingli Green Energy will supply photovoltaic (PV) modules to LG CNS, DMS, Hyosung, Nam Jung Energy and Kaycom, during the third quarter of 2008.

Seok Lee, COO of Yingli Green Energy, said: "We are pleased with the success that we have had so far in building our business in Korea and these new contracts clearly demonstrate continued progress in extending our global presence. In a relatively short period of time, we have been able to develop good relationships with reputable companies in Korea."