Jan. 14, 2014 - Yingli Green Energy, known as "Yingli Solar", today announced that its wholly-owned subsidiary, Yingli Green Energy Japan Corporation Ltd. ("Yingli Japan") has entered into a distribution agreement with XSOL Co., Ltd.("XSOL"), a Japanese solar energy company.
Under the terms of the agreement, XSOL will sell and promote YGE 60 Cell Series modules since the middle of January 2014 in Japanese market.
"XSOL has made a breakthrough in the Japanese PV market, which has expanded significantly in recent years. Our partnership with Yingli Solar is a pillar of our solar module strategy, and we believe it will be an important driver of our company's growth, as well as the growth of the Japanese market. Furthermore, the sale and promotion of high-performing Yingli Solar modules will help both XSOL and Yingli strengthen their brands' reputations for industry-leading quality among Japanese consumers," said Mr. Takumi Kashiwa, Chief Executive Officer of XSOL Co., Ltd.
"We are very pleased to partner with XSOL, which has successfully expanded from Japan's residential sector into the commercial market," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Our extensive experience as the world's largest module supplier makes us a strong partner for XSOL; additionally, this agreement will help Yingli meet its strategic three-to-five year sales goals for Japan. By synthesizing our companies' advantages and experience in the global PV market, we firmly believe that both parties will benefit from this cooperation."