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DuPont, Yingli ink $100 million solar pact

DuPont, Yingli ink $100 million solar pact

Posting in Energy

Under the deal, Yingli will buy photovoltaic materials such as DuPont's Solamet photovoltaic metallization pastes.

DuPont and Yingli Energy, a Chinese solar panel manufacturer, have inked a $100 million pact covering photovoltaic materials.

Under the deal, Yingli will buy photovoltaic materials such as DuPont's Solamet photovoltaic metallization pastes. These pastes are used in solar modules and covers made with DuPont Tedlar polyvinyl fluoride film.

In a statement, Yingli CEO Liansheng Miao said the company was looking to ensure supply of materials needed to scale its solar modules. Yingli's flagship module brand is Panda, which comes in monocrystalline and multicrystalline varieties.

Yingli is a vertically integrated company and makes everything from ingots to wafers to solar cells and modules.

As for DuPont, the deal keeps it humming along in the solar industry. DuPont said that it had $1.4 billion in photovoltaic sales in 2011. The goal is to reach $2 billion in photovoltaic revenue by 2014.

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Larry Dignan

Editor-in-Chief

Editor-in-Chief Larry Dignan is editor-in-chief of SmartPlanet and ZDNet. He is also editorial director of TechRepublic. Previously, he was an editor at eWeek, Baseline and CNET News. He has written for WallStreetWeek.com, Inter@ctive Week, New York Times and Financial Planning. He holds degrees from the Columbia University Graduate School of Journalism and the University of Delaware. He is based in New York but resides in Pennsylvania. Follow him on Twitter. Disclosure