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Heraeus and Yingli Green Energy Announce $70 Million Agreement

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 R&D 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.”

SOURCE: Heraeus Precious Metals North America Conshohocken LLC

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Posted by: VCi News Desk 
April 18th, 2012 at 21:25
 

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