Yingli Green Energy Australia Pty Ltd, a wholly-owned subsidiary of Yingli Green Energy Holding Company Limited, has entered into a sales framework agreement with L&H Solar + Solutions, a subsidiary of L&H Group, one of the largest electrical wholesalers in Australia and New Zealand.
The agreement will allow L&H Solar + Solutions to distribute Yingli Green Energy's flagship monocrystalline PV modules, PANDA Series, and the high-performing multicrystalline PV modules, YGE Series, through its network of electrical wholesale outlets, electrical contractors and solar partners across the two countries.
Officials with Yingli Green Energy say that PANDA and YGE Series modules offer superior performance efficiency, helping residential and commercial owners achieve high energy outputs and a greater return on investment.
"This agreement creates a powerful new alliance in Australia and New Zealand's solar energy market, leveraging Yingli Green Energy's strength as the world's largest PV module manufacturer and L&H Group's industry knowledge and expansive customer base in the electrical market," said Liansheng Miao, chairman and chief executive officer of Yingli Green Energy, in a statement.
Miao added that Australia has established a strong reputation of being at the forefront of adopting solar photovoltaic technologies in the Asia Pacific region.
“In order to provide the most efficient and convenient service to our customers, recently we have opened a new office in Sydney. By cooperating with partners like L&H Solar + Solutions and the efforts of our highly professional local sales team, we are paving the way for further expansion in Australia and New Zealand," he said.
Yingli Green Energy Holding Company Limited, which markets its products under the brand Yingli Solar, is one of the world's largest photovoltaic module manufactures.
"As part of the largest electrical distribution group globally, we are excited about partnering with Yingli Green Energy. Already an integral global partner, the addition of Yingli Green Energy to our offer in Australia and New Zealand will further extend our great value to our customers and make our offer second to none," said Claude Picinali, general manager of L&H Solar + Solutions.
Picinali said that the company is proud to be working with L&H Solar + Solutions, a company with a history that extends as far back as the days when electricity was first deployed in Australia.
Daman Cole, commercial director of Yingli Australia said that the agreement will substantially increase Yingli Green Energy's market penetration.
"This partnership was a logical step as we see enormous synergy between our brands. We are both focused on improving quality standards across the solar industry, as well as increasing electricity yields and ROI for our customers," said Cole.
Edited by Alisen Downey