4/18/2012 2:58 PM ET
(RTTNews) - Yingli Green Energy Holding Company Ltd. (YGE: News ) and the precious metals and technology group Heraeus, announced the signing of a $70 Million cooperation and supply agreement.
The Heraeus Photovoltaic Business Unit, a leader in developing front and back-side silver paste for crystalline solar cells will work together with Yingli Green Energy to achieve significant photovoltaic technology advancements, specifically to reduce the cost-per-watt of solar cells to a new industry benchmark.
Under this new one-year agreement, Heraeus will now dedicate R&D resources in its 3 technology centers located in West Conshohocken, USA, Hanau, Germany and Singapore to develop state-of-the-art silver metallization pastes for Yingli Green Energy's high efficiency N-type silicon solar cells, named PANDA.
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