BAODING, CHINA: Yingli Green Energy Holding Co. Ltd, one of the world's leading vertically integrated photovoltaic product manufacturers, announced that it has signed an off-grid PV system sales agreement with the Shanxi subsidiary of China Mobile, and that it has been selected by Huawei Technologies Co. Ltd. to supply PV modules for its base stations.
Yingli Green Energy has signed an off-grid PV system sales agreement with the Shanxi subsidiary of China Mobile, China's largest mobile telecom operator, which expects to build a video monitoring system for forest fire prevention in Shanxi Province.
Under this agreement, Yingli will supply the video monitoring system with 269 off-grid PV system units, totaling 0.47 MW. The Shanxi Forestry Bureau and the Shanxi subsidiary of China Mobile will be joint constructors for the video monitoring system, which is expected to cover 11 cities and 113 counties in Shanxi Province.
Additionally, Yingli Green Energy has been selected by Huawei, a leader in providing next generation telecommunications network solutions for operators around the world, to supply PV modules for its base stations in the second half of 2009.
"We are very pleased to continue to enhance our business relationships with China Mobile and Huawei," commented Liansheng Miao, chairman and CEO of Yingli Green Energy. "As one of the first solar companies in China, we established business relationships with China Mobile in 2003 and with Huawei in 2004. These recent wins further demonstrate our solid position as a qualified PV module and system supplier in China. Driven by the launch of the new PV application incentive policy and the increased focus on environmental protection in China, we expect to benefit from a strong period of growth in the Chinese PV industry."
Miao continued: "The industry has experienced increased market demand for a variety of reasons, including the easing of the seasonality in Europe, considerable progress in clean energy incentive policy legislation in the United States and China, and a visible change of industry sentiment boosted by the successful Intersolar Conference hosted in Munich, Germany, last month."
"We have experienced a substantial increase in demand since the start of the year and expect to see at least a 70% increase in shipments in the second quarter over our shipments in the first quarter. In addition, our competitive cost structure, combined with lower prices of polysilicon in the spot market and under our long-term polysilicon supply contracts, gives us confidence in our ability to achieve the previously stated second quarter gross margin target, which is in the estimated range of 18% to 20%," Miao concluded.
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