"We are pleased to announce this new long-term business relationship with Gehrlicher Solar," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We believe the establishment of our partnership with Gehrlicher Solar, one of the leading system integrators with a diversified portfolio of customers in Europe, will further strengthen our position in this important region. In establishing this partnership, we were particularly impressed by Gehrlicher Solar’s successful track record in the PV industry, their focus on innovative solar PV solutions as we approach grid-parity, and their business partnership philosophy."
Mr. Miao noted that the three-year agreement provides Yingli Green Energy and Gehrlicher Solar with additional visibility on sales and supply volumes as well as a solid foundation for long-term cooperation.
Mr. Klaus Gehrlicher, founder and Chief Executive Officer of Gehrlicher Solar, said, "This long-term framework agreement with Yingli Green Energy will strengthen our position within the crystalline market segment and enhance the representation of both companies in major solar markets in Europe. In addition, we are pleased to be adding Yingli Green Energy’s high-quality PV modules, which are a perfect fit with our ‘gehrtec’ product family, to our portfolio of products."
Yingli Green Energy Holding Company Limited (NYSE: YGE), who holds the brand Yingli Solar, is a leading solar energy company and one of the world’s largest vertically integrated photovoltaic manufacturers. Yingli Green Energy develops, manufactures and sells 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 6,000 employees and more than 10 subsidiaries and branch offices worldwide. Yingli Green Energy is publicly listed on New York Stock Exchange (NYSE: YGE).
Gehrlicher Solar AG is a photovoltaic company with registered office in Neustadt near Coburg and head office in Dornach near Munich. The company was founded in 1994 by Chairman of the Board, Klaus Gehrlicher. Gehrlicher Solar AG is both a system integrator and a wholesaler. As a system integrator, Gehrlicher Solar AG plans, constructs, finances and maintains photovoltaic systems. As a wholesaler, it also offers solar modules, as well as its own components (from cables to substructures). The company also plans, establishes and administrates photovoltaic funds or private placements for investors. Gehrlicher Solar AG is a European company with currently 204 employees in two locations in Germany (Neustadt and Dornach) and with subsidiaries in Italy, Spain and Greece.