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Yingli Signs 2 Korean Sales Contracts



By AP
03 April 2008 @ 08:04 am EST

NEW YORK - Chinese solar cell maker Yingli Green Energy Holding Co. said Thursday it signed sales contracts with two South Korean energy companies, marking its entry into the country's solar market.

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Under the terms of the contracts, Yingli Green Energy will deliver 1.3 megawatts of solar cell modules to Korea Electric Power Industrial Development Corp., a renewable energy company, by the end of April.

Yingli will also deliver 2 megawatts of solar cell modules to Kaycom Corp., which distributes electronic components and solar cell devices, by the end of May.

Yingli shares fell 11 cents to $19.98 in premarket trading.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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