BAODING, CHINA: Yingli Green Energy has signed a sales contract with EIKO Trading Corp., which is engaged in the development and installation of PV systems in Japan and consulting, trading and investing in renewable energy projects with global partners.

Under the terms of the contract, Yingli Green Energy will supply 17.35MW of PV (photovoltaic) modules to EIKO for planned projects in Germany. The shipment will be delivered between April and November 2008.

"We initiated our business cooperation with Yingli in mid-2007," commented Rui Chen, President of EIKO. "The performance, reliability and quality of Yingli's PV modules have impressed both us and our clients. These qualities, in addition to their excellent customer service, convinced us to deepen our business relationship with Yingli through 2008 and purchase a significant quantity of PV modules for projects in Germany.

"Our strategy is to provide reliable and flexible turnkey PV system solutions to our customers and Yingli shares our vision. We expect our cooperation with Yingli to develop into a more strategic, long-term relationship as we both continue to grow rapidly."

"After achieving much success in the Japanese market, EIKO is now looking to leverage its knowledge and experience to allow it to move into overseas markets, and obviously Germany stands out as one of the most important long term markets," added Liansheng Miao, Chairman and CEO of Yingli Green Energy.

He said: "Our solid market presence and well-regarded brand name were major factors that prompted EIKO to choose Yingli as one of its top-tier partners in Germany. Germany has been the major driver in turning the PV industry into the global business that it is today. We believe this partnership with EIKO will further strengthen our presence in the world's largest market and act as a springboard to allow us to move forward into the exciting future of the PV industry."