Yingli Green Energy Holding Company (NYSE:YGE) announced today it has made an exclusive agent agreement with YHS Co. and a 10 megawatt (MW) PV module distribution contract as well.
A joint venture between West Holdings Co., Ltd., a construction company for residential rooftop solar power systems in Japan, and Super Tool Co., Ltd., a Japan-based manufacturer of wrench components and hardware tools, YHS will acquire the 10MW of PV modules from Yingli in the second half of 2011.
Yingli, per terms of the agreement, will also be the exclusive agency in Japan for sales of PV modules within the Japanese residential market, effective March 2011 through December 2011.
Yingli was trading at $11.61, gaining $0.03, or 0.26 percent, as of 2:23 PM EDT.
Tuesday, April 19, 2011
Yingli (YGE) Enters Solar Agreement with YHS
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Yingli Energy
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