Under the terms of the contract, Yingli Green Energy will supply its YGE 72 Cell NH Series modules to a solar power plant that will occupy more than one million square meters of land in Israel. Designated a National Infrastructure Project by the Israeli Government, the solar farm has been granted the conditional feed-in tariff approval from the Israeli Public Utilities Authority.
"We are pleased to achieve our largest supply agreement to date in Israel," said Manuel Seiffe, new market development director of Yingli Green Energy International AG. "We look forward to embracing future opportunities to utilize the Middle East's abundant solar resources in close cooperation with leading solar companies in the region."
Moreover, the supply agreement builds upon Yingli Green Energy's long-standing relationship with Ledico Ltd., its local distribution partner in Israel. The agreement also extends Yingli's presence and visibility throughout the region.
"We view Israel as an important and sustainable growth market with the potential to reach more than 340 MW of installed solar PV capacity in 2014," said Liansheng Miao, chairman and CEO of Yingli Green Energy.