Yingli Green Energy Holding Company Limited (NYSE: YGE) (“Yingli Green Energy” or the “Company”), the largest vertically integrated photovoltaic (“PV”) module manufacturer in the world, known as “Yingli Solar,” today announced that its wholly-owned subsidiary, Yingli Green Energy Singapore Company Pte. Limited (“Yingli Singapore”) will supply 2 MW of solar modules to Maqo Technologies (M) Sdn Bhd. (“Maqo Solar”), one of Malaysia’s fastest-growing residential solar energy providers.
The Company’s multicrystalline YGE Series solar modules, which will be delivered throughout 2014, will generate enough electricity for approximately 500 typical Malaysian homes.
Today’s new supply agreement further expands the Company’s significant presence in Malaysia, where the Company has 11.3 MW of solar modules installed during 2013. In total, these installations could generate approximately 11,570 MWh of electricity per year, which is enough to power roughly 2,820 typical Malaysian homes.
“We are delighted to continue working with Yingli Green Energy and to maintain our strong partnership that’s been in place since 2011. We are firmly committed to developing and providing green energy solutions to Malaysia, and believe that Yingli Green Energy is undoubtedly our best solar module provider. We selected Yingli Green Energy because their track record for product quality is validated by independent testing and assessments