DuPont Signs Deal to Boost Solar Energy Initiative
DuPont (NYSE:DD) and Yingli Energy (NYSE:YGE) have signed a $100M strategic agreement for photovoltaic materials aimed at accelerating the adoption of solar energy to address one of the world’s biggest challenges — reducing dependence on fossil fuels.
Yingli China is a wholly owned subsidiary of Yingli Green Energy Holding Co. Ltd, a leading solar energy company and 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 metallization pastes used in solar modules and protective backsheet for solar modules made with DuPont Tedlar polyvinyl fluoride film.
“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.
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