China Knowledge reported that Yingli Green Energy Holding Co Ltd a vertically integrated photovoltaic product manufacturer has signed a USD 70 million worth of contract with Heraeus Holding a globally active precious metals and technology company based in Hanau, Germany.
Pursuant to the agreement, Heraeus will dedicate resources in its three R&D centers located in Hanau, West Conshohocken of the US and Singapore to develop silver metallization pastes for Yingli Green Energy high-end solar cells.
New York listed Yingli Green Energy which maintains a balanced vertically integrated output capacity of 1,700 megawatts per year expects to start initial production on capacity expansion projects in Haikou, Tianjin, Hengshui and Baoding by 2012 with a total additional capacity of 750 MW.
The Chinese photovoltaic product maker yesterday announced plans to secure a USD 324 million of loan from China Development Bank to launch a wholly owned subsidiary in Hong Kong to enhance its presence in the international market.
