Under the terms of the contract, Yingli Green Energy is expected to supply a total of 16MW of photovoltaic (PV) modules to Fire Energy from January 2009 to December 2009.
Liansheng Miao, chairman and CEO of Yingli Green Energy, said: We are pleased to announce the 16MW sales contract with Fire Energy in Spain which is the second transaction between the two companies. We believe that even with the lowered feed-in-tariffs in Spain, which we expect to take effect later this year, the return on investment in the Spanish PV market will remain highly attractive as Spain has one of the highest levels of annual sunshine radiation in Europe.
