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China's Yingli Green Energy in solar cell contract with Eiko



By AP
02 May 2008 @ 09:24 am EST

NEW YORK - Solar cell maker Yingli Green Energy Holding Co. Ltd. said Friday it signed a contract to sell photovoltaic modules to Japan's Eiko Trading Corp. for use in Germany.

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Yingli, which is based in Baoding, China, will deliver 17.35 megawatts of the modules by November.

A one-megawatt plant running continuously at full capacity can power 778 households each year, according to the Department of Energy.

Yingli shares rose 84 cents, or 4 percent, to $21.97 in premarket trading. they closed at $21.13 on Thursday.

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 This material may not be published, broadcast, rewritten or redistributed.

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