Yingli Green Energy, IBC Solar Sign Module Contracts

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Yingli Green Energy Holding Co. Ltd. has entered into two sales contracts with IBC Solar AG to supply a total of 91 MW of PV modules to IBC Solar.

Under the terms of these contracts, Yingli Green Energy is expected to supply PV modules to IBC Solar from December 2008 to December 2009. Supplies under these contracts are agreed to be made at fixed prices for December 2008 and for the period from January through October 2009, which will be adjusted by mutual agreement if the market price falls below the fixed prices.

SOURCE: Yingli Green Energy

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