Yingli Green Energy Holding Company Ltd. has signed two polysilicon supply agreements with DC Chemical Co. Ltd. Under the first agreement, DC Chemical will supply polysilicon with a value of approximately $27 million to Yingli Green Energy in 2008. Under the second agreement, DC Chemical will supply polysilicon with a total value of approximately $188 million to Yingli Green Energy from 2009 to 2013.
‘We are very pleased to initiate a new relationship with such a well-respected company as DC Chemical,’ comments Liansheng Miao, chairman and CEO of Yingli Green Energy. ‘These two supply agreements demonstrate our ability to work with major suppliers in the industry, and we believe our relationship with DC Chemical will help us further secure our polysilicon needs in the short and long term.’