Yingli Green Energy Inks Deal with YHS
YHS Company is a joint venture of West Holdings (WHD), one of the largest construction companies for residential rooftop solar power systems in Japan; and with Super Tool, a Japan-based specialist of wrench components and hardware tools.
Under the terms of the relevant agreements, YHS is expected to purchase 10Mw of PV modules from the company in the second half of 2011, and will be appointed as the company's exclusive agency in Japan for sales of PV modules within the Japanese residential market, effective from March through December 2011.
Yingli Green Energy is a solar energy company and manufacturer of vertically integrated photovoltaic, which markets its products under the brand Yingli Solar.
Liansheng Miao, chairman and CEO of Yingli Green Energy, said: â€œWe are pleased to announce this meaningful step that we took in expanding our sales within the Japanese solar market. We believe by cooperating with YHS, which enjoys strong support from WHD in the areas of distributing, marketing and selling imported PV modules in Japan, we will be better positioned in assessing and responding to the needs of our Japanese customers.
â€œIn light of the recent events in Japan, more countries and regions are expected to switch towards safer, cleaner and lower carbon energy generation sources which increases the need for renewables. As a solar energy company, we are committed to meeting these increasing demand worldwide.â€
Will the deal commercially benefit Yingli Green?
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