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Heraeus, Yingli Green Energy Sign $70 Mln Cooperation, Supply Agreement

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4/18/2012 2:58 PM ET

Yingli Green Energy Holding Company Ltd. (YGE: Quote) and the precious metals and technology group Heraeus, announced the signing of a $70 Million cooperation and supply agreement.

The Heraeus Photovoltaic Business Unit, a leader in developing front and back-side silver paste for crystalline solar cells will work together with Yingli Green Energy to achieve significant photovoltaic technology advancements, specifically to reduce the cost-per-watt of solar cells to a new industry benchmark.

Under this new one-year agreement, Heraeus will now dedicate R&D resources in its 3 technology centers located in West Conshohocken, USA, Hanau, Germany and Singapore to develop state-of-the-art silver metallization pastes for Yingli Green Energy's high efficiency N-type silicon solar cells, named PANDA.

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by RTT Staff Writer

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