Greentech Lead America: Yingli Green Energy announced that its wholly owned subsidiary, Yingli Green Energy Singapore Company has signed a framework agreement with RE FIT Solution Sdn. Bhd. (RE FIT) to supply 500 KW of multicrystalline PV modules for the residential market in Malaysia.
These modules will power at least 125 families, which currently accounts for nearly 10% of the residential market in Malaysia.
The announcement comes on the heels of the company’s supply contract for the largest single site PV power plant in Malaysia, according to Liansheng Miao, chairman and chief executive officer of Yingli Green Energy.
“In light of Yingli Green Energy’s reliable quality and convenient after-sale service, we believe that we will further expand our market share in the residential and utility segments of Malaysia, as well as other countries in Southeast Asia with huge potential for PV applications,” Miao added.
“We are pleased to be working with the world’s largest PV supplier and to have signed a significant framework agreement. This not only represents RE FIT’s confidence in the quality of Yingli Green Energy’s modules, but also RE FIT’s belief in the emerging solar industry in Malaysia,” said Wong Sheng Foo, project and operations manager of RE FIT.
“We hope that RE FIT and Yingli Green Energy will have a long-standing collaboration as leading solar players in Malaysia,” Sheng Foo added.
Yingli Green Energy recently announced its PV modules have passed the Blowing Sand Test conducted in SGS’s Solar Test House, demonstrating that its PV modules can keep an outstanding performance even in harsh conditions such as in the desert.