Yingli Green Energy Holding Company Limited announced that it has won a new sales contract from Iberdrola Ingenieria y Construccion S.A.U. (“IBERINCO”). Under this contract, Yingli Green Energy will supply 11.56 MW of PV modules to IBERINCO in the first quarter of 2008. The PV modules to be supplied by Yingli Green Energy under this contract are expected to be used in a project in Caceres, Spain. The estimated delivery period starts in January 2008 and ends in March 2008.
“I am very pleased to announce this new contract with IBERINCO,” commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. “This sales contract not only demonstrates that our product quality and brand name have been recognized by one of the world’s major renewable energy players, but also marks another step in our expansion in Spain. As Spain has always been one of our major markets, we will continue our efforts to promote our quality products and brand name to both existing and potential customers. I also believe our relationship with IBERINCO will enhance our future business developments in the region.”