DuPont and Yingli Ink Solar Energy Deal
DuPont and Chinese green power company Yingli Energy Company Limited have signed a one-year, $100 million solar energy deal. The strategic agreement includes the supply of advanced solar materials, the installation of a solar power plant and co-marketing initiatives and expands a previous $100 million supply agreement between the companies announced in February of last year.
“Materials are critical to help ensure our solar panels provide superior power output for their 25-year expected lifetime, or longer,” said Liansheng Miao, chairman and chief executive officer, Yingli Green Energy. “The agreement we have signed with DuPont assures our supply of high-quality materials that have proven performance and our continued collaboration on further technological advances to optimize the efficiency and durability of our products. Yingli Green Energy has long been committed to making solar affordable for everyone with superior quality products.”
Under the terms of the agreement, Yingli China will purchase materials including DuPont™ Solamet® photovoltaic metallization pastes that help boost the power output of solar cells and DuPont™ Tedlar® polyvinyl fluoride film that has been proven to protect solar panels even in the harshest environmental conditions. The companies also will extend their collaboration to include the installation of a solar energy plant at a DuPont facility in China using panels made with advanced materials from DuPont, and will potentially expand installation of similar plants to additional DuPont sites or other commercial projects in China. Yingli China and DuPont further agreed to extend their collaboration on technology to develop the next generation of high-efficiency solar cells and modules, and on co-marketing activities.
“This agreement further expands our strategic relationship, and we look forward to working even more closely with Yingli to deliver superior quality solar panels that will continue to accelerate the adoption of solar energy to meet the growing global demand for energy,” said David B. Miller, president, DuPont Electronics and Communications.
Yingli Solar is a leading solar energy company and one of the world’s largest vertically integrated photovoltaic manufacturers. DuPont™ Solamet® photovoltaic metallizations and Tedlar® polyvinyl fluoride films are part of a broad and growing portfolio of products represented by DuPont Photovoltaic Solutions.