(EnergyAsia, May 9, Friday) — NYSE-listed Yingli Green Energy Holding Company Limited, a leading vertically integrated photovoltaic (PV) product manufacturers, said it has signed a contract to supply PV to Eiko Trading Corporation for projects in Germany.

Eiko, which develops and installs PV systems in Japan, also consults, trades and invests in renewable energy projects around the world.

Under the terms of the contract, Yingli Green Energy will supply 17.35 MW of PV modules to Eiko between April and November 2008.

“We initiated our business cooperation with Yingli in mid-2007,” said 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.”

Liansheng Miao, chairman and CEO of Yingli Green Energy, said:

“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.

“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.”

Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems through its principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co Ltd.