Heraeus and Yingli Green Energy Announce $70 Million Agreement

April 19, 2012 by  
Filed under Green Energy News


WEST CONSHOHOCKEN, Pa., Apr 18, 2012 (BUSINESS WIRE) –
Yingli Green Energy Holding Company Limited (“Yingli Green Energy”), a
leading global vertically integrated photovoltaic manufacturer, and the
precious metals and technology group Heraeus, announced the signing of a
$70 Million cooperation and supply agreement. The Heraeus Photovoltaic
Business Unit, a world leader in developing front and back-side silver
paste for crystalline solar cells will work together with Yingli Green
Energy to achieve significant photovoltaic technology advancements,
specifically to reduce the cost-per-watt of solar cells to a new
industry benchmark.

Under this new one-year agreement, Heraeus will now dedicate RD
resources in its 3 technology centers located in West Conshohocken
(USA), Hanau (Germany) and Singapore to develop state-of-the-art silver
metallization pastes for Yingli Green Energy’s high efficiency N-type
silicon solar cells, named PANDA.

“As an industry leader, we [Heraeus] are overjoyed about our agreement
with Yingli Green Energy since our primary focus is the commitment to
innovation of highly-efficient, yet cost-effective products for our
customers,” said Andy London, PV Global Manager and Vice President of
Heraeus Precious Metals North America Conshohocken LLC in West
Conshohocken, Pa. (USA).

According to Jingfeng Xiong, Vice President of Yingli Green Energy
Holdings Co Ltd., “Our mission is to provide affordable green energy for
all, therefore, we constantly innovate to enhance the quality and cost
structure of our products. The ability to work closely with Heraeus will
help us remain an industry frontrunner.”

About the Heraeus Photovoltaics Business Unit

Heraeus manufactures high volumes of thick film pastes for some of the
most prominent companies within a variety of industries. For over 40
years, the company has built a reputation of innovation, extensive
research and new product development in this field. The Heraeus
Photovoltaics Business Unit applies its innovative technology to the
field of photovoltaics, offering silver pastes for crystalline solar
cells. The Heraeus SOL Series of silver pastes is specially formulated
to provide higher efficiencies and wider processing windows, resulting
in better yields and higher output for cell manufacturers.

Heraeus, the precious metals and technology group headquartered in
Hanau, Germany, is a global, private company with 160 years of
tradition. Our fields of competence include precious metals, materials,
and technologies, sensors, biomaterials, and medical products, as well
as dental products, quartz glass, and specialty light sources. With
product revenues of EUR4.1 billion and precious metal trading revenues of
EUR17.9 billion, as well as more than 12,900 employees in over 120
subsidiaries worldwide, Heraeus holds a leading position in its global
markets.

About Yingli Green Energy

Yingli Green Energy Holding Company Limited


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, which markets
its products under the brand “Yingli Solar,” is a leading solar energy
company and one of the world’s largest vertically integrated
photovoltaic manufacturers. Yingli Green Energy’s manufacturing covers
the entire photovoltaic value chain, from the production of polysilicon
through ingot casting and wafering, to solar cell production and module
assembly. Currently, Yingli Green Energy maintains a balanced vertically
integrated production capacity of 1,700 MW per year. Capacity expansion
projects of an additional 750 MW in total are under construction in
Haikou, Tianjin, Hengshui and Baoding, which are expected to start
initial production in 2012 and will increase the Company’s total
nameplate production capacity to 2,450 MW by the end of 2012. Yingli
Green Energy distributes its photovoltaic modules to a wide range of
markets, including Germany, Spain, Italy, Greece, France, South Korea,
China and the United States. Headquartered in Baoding, China, Yingli
Green Energy has more than 16,000 employees and more than 20
subsidiaries and branch offices worldwide. Yingli Green Energy is
publicly listed on the New York Stock Exchange


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. For more
information, please visit
www.yinglisolar.com .

SOURCE: Heraeus



        
        Heraeus Precious Metals North America Conshohocken LLC 
        Photovoltaics Business Unit 
        David McMullen 
        Marketing and Business Development 
        +1 610-825-6050 
        david.mcmullen@heraeus.com
        


Copyright Business Wire 2012

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