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Solar firms enter USD 100m agreement to cut PV costs
US firm DuPont and China’s Yingli Energy (Yingli China) have signed a USD 100m strategic agreement aimed at reducing costs of photovoltaic materials. The agreement was signed in a ceremony in Washington, DC, which was organised by the U.S. Department of Commerce and the Ministry of Commerce People's Republic of China, and hosted by the US Chamber of Commerce.
Yingli China is a subsidiary of solar energy firm Yingli Green Energy (Yingli), one of the world's largest vertically integrated photovoltaic manufacturers. Under the terms of the agreement, Yingli will purchase photovoltaic materials including DuPont Solamet photovoltaic metallisation pastes used in solar modules and protective backsheet for solar modules made with DuPont Tedlar polyvinyl fluoride film.
Liansheng Miao, chairman and chief executive officer, Yingli, said: “At Yingli, we have a long-standing commitment to global social responsibility to make solar energy an affordable option for everyone. The agreement we have signed with DuPont assures our supply of critical, high-quality materials and our continued collaboration on further technological advances to optimise the performance of our solar modules, which illustrates our mission to be a cost leader and provide the best product to customers at the same time.”
“This agreement expands a current commercial relationship between DuPont and Yingli into a more strategic relationship with long-term benefit to both companies, and to end users of solar energy,” said David B. Miller, president, DuPont Electronics & Communications. “Materials are key to solar module performance, and DuPont continues to advance the science behind them. They help increase efficiency, extend the lifetime of modules, and, ultimately, help reduce overall system costs to make solar increasingly more competitive with other forms of energy generation.”