DuPont and Yingli Energy (China) Company Limited, have signed a $100 million strategic agreement for photovoltaic materials aimed at accelerating the adoption of solar energy. Yingli China is a wholly owned subsidiary of Yingli Green Energy Holding Company Limited , 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.
According to industry estimates, over the next five years, 20% average annual growth is expected in solar installations globally. DuPont achieved about $1.4 billion in sales to the photovoltaic market in 2011, and has set a goal to reach $2 billion in sales by 2014.
Yingli Green Energy’s manufacturing covers the entire photovoltaic value chain, from the production of polysilicon through ingot casting and wafering, to solar cell production and module assembly.