DuPont and Yingli Green Energy have entered into a $100 million strategic agreement.

DuPont (NYSE:DD) Makes $100m China Deal

DuPont (NYSE:DD) has signed a $100 million strategic agreement with Yingli Energy (China) Company Limited (‘Yingli China’) for photovoltaic materials.

According to the agreement Yingli will purchase photovoltaic materials including DuPont (NYSE:DD) ™ Solamet® photovoltaic metallization pastes and protective backsheet made with DuPont (NYSE:DD) ™ Tedlar® polyvinyl fluoride film.

David B. Miller, president, DuPont (NYSE:DD) Electronics & Communications, said that, “This agreement expands a current commercial relationship between DuPont (NYSE:DD) 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 (NYSE:DD) 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”.

Dupont (NYSE:DD) company shares are currently standing at 50.60.

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