DuPont, Yingli ink $100 million solar pact

Summary: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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This post was originally published on Smartplanet.com

Topics: Innovation

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Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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