Yingli, the Chinese solar module maker that captured nearly a third of the California market last year, has struck a deal to supply a New Jersey developer with more than 10 megawatts of photovoltaic panels.
The agreement announced Tuesday with SunDurance Energy for the first time brings Yingli’s reach to the East Coast. SunDurance, owned by a construction and engineering firm, the Conti Group, will install the Yingli solar panels on rooftops, in carports and in ground-mounted solar farms.
“Being able to have a presence on both coasts and in some of the other states that are emerging is very significant for us,” Robert Petrina, the managing director for Yingli’s American operations, said.
He said Yingli shipped 15 megawatts of modules in the fourth quarter of 2009 in the United States. The deal with SunDurance calls for Yingli to provide 10 megawatts through the third quarter of this year. The company had previously supplied solar panels to SunDurance for other projects.
Yingli, based 100 miles south of Beijing in the city of Baoding, opened offices in New York and San Francisco at the beginning of 2009. By year’s end, the company held 27 percent of the California market, according to Bloomberg New Energy Finance, a research and consulting firm. Its stock is listed on the New York Stock Exchange.
Chinese firms, including the Yingli rival Suntech, increased their share of the California market to 46 percent, up from 21 percent at the beginning of 2009.
Mr. Petrina said declines in the price of polysilicon — a vital ingredient in solar cells — and in subsidies paid by European countries made it feasible for Yingli to enter the American market.
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