DuPont and Yingli Energy (China) Company Limited have signed a $100 million strategic agreement for photovoltaic materials to accelerate the adoption of solar energy.
The agreement was signed today in Washington, DC, in a ceremony organized by the US Department of Commerce and the Ministry of Commerce, People's Republic of China.
Under the terms of the agreement, Yingli will purchase a range of trademarked photovoltaic materials from DuPont.
"At Yingli, we have a long-standing commitment to global social responsibility to make solar energy an affordable option for everyone," said Liansheng Miao, chairman and chief executive officer. "The agreement we have signed with DuPont assures our supply of critical, high-quality materials and our continued collaboration on further technological advances to optimize the performance of our solar modules, which illustrates our mission to be a cost leader and provide the best product to customers at the same time."
“This agreement expands a current commercial relationship between DuPont and Yingli into a more strategic relationship with long-term benefit to both companies, and to end users of solar energy," said David B Miller, president, DuPont Electronics & Communications.
"Materials are key to solar module performance, and DuPont continues to advance the science behind them,” he continued. “They help increase efficiency, extend the lifetime of modules, and, ultimately, help reduce overall system costs to make solar increasingly more competitive with other forms of energy generation."
Yingli China is a wholly owned subsidiary of Yingli Green Energy Holding Company Limited, one of the world's largest vertically integrated photovoltaic manufacturers.
