DuPont And Yingli Sign $100 Million Stategic Agreement


DuPont and Yingli Energy (China) Co. Ltd. have signed a one-year, $100 million strategic agreement for solar materials, installation and marketing initiatives. DuPont says the agreement is an expansion of a $100 million supply agreement between the companies announced in February 2012.

Under the terms of the new agreement, Yingli China will purchase DuPont materials, including Solamet photovoltaic metallization pastes for solar cells and Tedlar polyvinyl fluoride film for protecting solar panels. The companies also will extend their collaboration to include the installation of a solar energy plant at a DuPont facility in China, with the possibility of similar installations at other DuPont sites or other commercial projects in China in the future.

‘This agreement further expands our strategic relationship, and we look forward to working even more closely with Yingli to deliver superior quality solar panels,’ says DuPont Electronics and Communications President David B. Miller.

The companies say they have agreed to extend their collaboration on technology to develop new-generation solar cells and modules, and also to cooperate on marketing activities.

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