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Yingli Green Energy inks purchase agreement with DuPont

Feb. 16, 2012 (China Knowledge) - New York-listed Yingli Green Energy Holding Co Ltd<YGE>, one of the world's largest vertically integrated photovoltaic product suppliers, has come into an US$100 million agreement with DuPont de Nemours & Co, the U.S.-based chemical products giant, to purchase photovoltaic materials for solar model production.

Pursuant to the agreement, the PV materials include Dupont's photovoltaic metallization pastes for solar modules and protective backsheet made with Dupont's Tedlar polyvinyl fluoride film, sources reported.

Miao Liansheng, chairman and CEO of Yingli Green Energy, said the cooperation with DuPont further enhance our supply of critical and high-quality materials to optimize the performance of solar modules.

Earlier this month, DuPont inked a deal with another Chinese PV firm Suntech Power Holdings Co Ltd<STP> for technology upgrading and supply-chain cost reduction.

In 2011, DuPont realized US$1.4 billion in sales in the global photovoltaic market and has set a goal to reach US$2 billion by 2014.

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