Yingli Green Energy signs five contracts to deliver 30MW of solar modules

Photovoltaic ("PV") product manufacturer, Yingli Green Energy (NYSE: YGE) ("Yingli”), one of the world's leading vertically integrated, has signed five sales agreements with customers in Spain.

Under the agreements, Yingli will supply a total of approximately 30 MW of PV modules, to be installed in ground-mounted power plants and commercial roof-top systems, in the first half of 2010.

"We are pleased to see continued demand for our high quality modules in Spain," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Following the global financial crisis and the Spanish market's sharp decline in early 2009 resulting from the constraints on annual installation volumes, Yingli Green Energy has been enhancing our marketing and execution capabilities. We are encouraged by our progress as customers increasingly view 'Yingli Solar' as a reliable, trustworthy and bankable brand."

"With solid customer bases and effective strategies in place for Europe and globally, we look forward to a promising year ahead," Mr. Miao concluded. http://www.proactiveinvestors.com/companies/news/3511/yingli-green-energy-signs-five-contracts-to-deliver-30mw-of-solar-modules-3511.html