DuPont, Yingli JV photovoltaic materials

DuPont, Yingli JV for photovoltaic materials

12:01 AM, 14th February 2012
DuPont, Yingli JV for photovoltaic materials
David B Miller, President, Electronics & Communications, DuPont.

WILMINGTON, US: DuPont and Yingli Energy Co Ltd have signed a $100 million 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. 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. 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, based on continued, strong demand for its products.

“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. 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,” said David B Miller, President, Electronics & Communications, DuPont.

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