Yingli inks Japan distribution deal

Yingli Solar has signed a distribution agreement with Japanese PV dealer and installer XSOL, which the Chinese PV giant says will help drive sales in the margin-rich Japanese market over the next half-decade.

Yingli, the world’s largest vertically integrated PV manufacturer, will from mid-January begin selling its YGE 60-cell modules through XSOL, which has a network of more than 1,000 dealers and installers across Japan.

XSOL sold or installed 137MW of modules in Japan in its most recent fiscal year.

Yingli derived less than 1% of its revenues in Japan in 2012, but it holds several critical technical certifications within the country, and its sales there grew rapidly in 2013.

Yingli’s shipments to Japan rose 35% in the most recent quarter, and it predicts that as much 14% of its revenue Log in to read complete article.

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