Yingli Green Energy Holding Company Ltd fka YGE

[SkeBallLarry]

Aug 23, 2013 (MarketLine via COMTEX) -

- Yingli Green Energy Australia Pty Ltd.,
a wholly-owned subsidiary of Yingli Green Energy Holding Company Limited, has
entered into a sales framework agreement with L&H Solar + Solutions, a
subsidiary of L&H Group.

According to the Agreement, L&H Solar + Solutions will distribute Yingli Green
Energy's flagship monocrystalline PV modules, PANDA Series, and the
high-performing multicrystalline PV modules, YGE Series, through its network of
more than 200 electrical wholesale outlets, as well as to over 30,000 electrical
contractors and solar partners across Australia and New Zealand. Both the PANDA
and YGE Series modules offer superior performance efficiency, helping
residential and commercial owners achieve high energy outputs and a greater
return on investment, Yingli Green Energy said.

"This Agreement creates a powerful new alliance in Australia and New Zealand's
solar energy market, leveraging Yingli Green Energy's strength as the world's
largest PV module manufacturer and L&H Group's industry knowledge and expansive
customer base in the electrical market," said Mr Liansheng Miao, Chairman and
CEO of Yingli Green Energy.

"Australia has established a strong reputation of being at the forefront of
adopting solar photovoltaic technologies in the Asia Pacific region. In order to
provide the most efficient and convenient service to our customers, recently we
have opened a new office in Sydney. By cooperating with partners like L&H Solar
+ Solutions and the efforts of our highly professional local sales team, we are
paving the way for further expansion in Australia and New Zealand."

"As part of the largest electrical distribution group globally, we are excited
about partnering with Yingli Green Energy. Already an integral global partner,
the addition of Yingli Green Energy to our offer in Australia and New Zealand
will further extend our great value to our customers and make our offer second
to none," said Mr Claude Picinali, General Manager of L&H Solar + Solutions.

"We are proud to be working with L&H Solar + Solutions, a company with a history
that extends as far back as the days when electricity was first deployed in
Australia. Our Agreement will substantially increase Yingli Green Energy's
market penetration," said Mr Daman Cole, Commercial Director of Yingli
Australia.

"This partnership was a logical step as we see enormous synergy between our
brands. We are both focused on improving quality standards across the solar
industry, as well as increasing electricity yields and ROI for our customers."

URL: http://www.datamonitor.com

Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall
not be liable for errors or delays in the content, or for any actions
taken in reliance thereon


Copyright (C) 2013 Datamonitor. All rights reserved

-0-
Source: Comtex Wall Street News