DuPont and Yingli Green Energy Enter $100 Million Strategic Agreement
, Chairman and chief executive officer, Yingli. "The agreement we have signed with DuPont assures our supply of critical, high-quality materials and our continued collaboration on further technological advances to optimize the performance of our solar modules, which illustrates our mission to be a cost leader and provide the best product to customers at the same time.""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. "Materials are key to solar module performance, and DuPont continues to advance the science behind them. They help increase efficiency, extend the lifetime of modules, and, ultimately, help reduce overall system costs to make solar increasingly more competitive with other forms of energy generation."
According to industry estimates, over the next five years, 20 percent average annual growth is expected in solar installations globally.
