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Chinese photovoltaic (PV) manufacturer Yingli Green Energy has been contracted to supply 180MW of multi-crystalline and mono-crystalline PV modules to Germany's IBC Solar throughout 2012.
The panels are expected to be utilised primarily for projects in Germany, as well as other European and non-European developments. Under terms of the agreement, IBC has the option to purchase an additional 20MW of panels in 2012.
Liansheng Miao, chairman and CEO of Yingli, said, 'We are pleased to enhance our partnership with IBC. Based on the strong faith that we have in each other, Yingli Green Energy and IBC have gone through the up-and-downs of the solar industry and achieved significant growth of our businesses during the past several years. We believe this agreement demonstrates our partners' strong confidence in the continuous growth of the PV industry and indicates the robust demand of our products in 2012. We look forward to continuing our close cooperation with IBC and other partners to seize the enormous opportunities ahead.'
Udo Moehrstedt, founder and CEO of IBC, added, 'We have been working very successfully with Yingli Solar for five years now. The foundation of the trustful cooperation between our two companies is the high quality of Yingli's modules, as well as the strategic strength of Yingli. IBC Solar will continue to drive the adoption of photovoltaics globally, and we consider Yingli as one of our partners in achieving this goal.'
