BAODING, China and LYON, France, Sept. 7 /PRNewswire-Asia/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE), ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which markets its products under the brand "Yingli Solar," has signed a 7.9 MW PV module sales agreement with Cegelec, a leading PV system integrator in France. The PV modules supplied under this agreement are expected to be installed into ground-mounted systems located in the southwest of France. This agreement is the largest agreement between the two companies to date.
"Cegelec is one of the largest PV installers in France and also one of the key components to our growth strategy there," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "In view of the fact that the French solar market is booming, Yingli Green Energy has recently set up office in Lyon, France, with the objective of being close to the market and thus being able to provide best service to our customers and partners. In our opinion, sustainable long-term growth requires our steady and long-term commitment to the market and support from major players such as Cegelec."
"When we look for long-term partners, we seek companies such as Yingli Green Energy that not only possess a track record of success and a well-known brand, but feature robust product warranty commitments and a proven trustworthiness matching perfectly with our customers' high standards," said Alain Viard, Head of Photovoltaics, Cegelec.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), which markets its products under the brand "Yingli Solar", is a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers. Yingli Green Energy's manufacturing covers the entire photovoltaic value chain, from the production of polysilicon through ingot casting and wafering, to solar cell production and module assembly. Currently, Yingli Green Energy maintains a balanced production capacity of over 600 MW per year. Two capacity expansion projects of 300 MW and 100 MW locating in Baoding and Hainan, respectively, have both started initial production in early July 2010, and are expected to bring Yingli Green Energy's total capacity to 1 GW by the end of third quarter 2010. In addition, Yingli Green Energy's in-house polysilicon plant, Fine Silicon, which has a designed annual production capacity of 3,000 metric tons, has successfully started commercial operation in early August 2010. Yingli Green Energy distributes its photovoltaic modules to a wide range of markets, including Germany, Spain, Italy, Greece, France, South Korea, China and the United States. Headquartered in Baoding, China, Yingli Green Energy has more than 7,000 employees and more than 10 subsidiaries and branch offices worldwide. Yingli Green Energy is publicly listed on the New York Stock Exchange (NYSE: YGE). For more information, please visit http://www.yinglisolar.com .
About Cegelec
Cegelec, a subsidiary of VINCI, is an integrated international group providing technological services to companies, public and local authorities. Cegelec is active on the complete service cycle to the client, from design to installation and maintenance, working with its own specialised teams. The Group employs 25,000 people and is present in some 30 countries in France, Europe and other parts of the world. For more information, please visit http://www.cegelec.com .
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
For further information, please contact:
In China:
Qing Miao
Director, Investor Relations
Yingli Green Energy Holding Company Limited
Phone: +86-312-3100502
Email: ir@yinglisolar.com
In the Americas:
Judy Tzeng Lee
Director of Corporate Development
Yingli Green Energy Holding Company Limited
Phone: +1-510-847-3920
Email: judy@yinglisolar.com
In Europe:
Rebecca Jarschel
Brand Manager
Yingli Green Energy Europe GmbH
Phone: +49-89-540303412
Email: rebecca.jarschel@ygee.eu
