Yingli Green Energy Holding Company Limited has announced that it has entered into a sales agreement to provide green energy to SunDurance Energy for much of the next year.
Under the agreement, the New Jersey-based SunDurance will receive more than 10 megawatts of photovoltaic solar energy modules over the first three quarters of 2010.
Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy, said the partnership would be an avenue that would allow Yingli to continue its expansion into the U.S. solar energy markets.
“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,” added Robert Petrina, the managing director of Yingli Green Energy Americas.
Al Buknam, the CEO of SunDurance Energy, added that the latest agreement was the largest photovoltaic module purchase agreement in the company’s history and was just the latest of numerous agreements between the two companies.
“We purposefully set this agreement on a fast- track timeframe given our positive outlook for the coming year and the additional value we believe will be generated with the help of Yingli Green Energy’s reputable, reliable products,” he added.