BAODING, China, June 11 /PRNewswire-Asia-FirstCall/ -- 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 ("PV") manufacturers, today announced the opening of its carbon-neutral Commercial Display, an area where only partners and sponsors of the World Cup can showcase and educate fans and public about their products and brands, for the 2010 FIFA World Cup(TM) at the Soccer City Stadium in Johannesburg, South Africa. This Commercial Display is the very first carbon-neutral Commercial Display in FIFA World Cup(TM) history.
Carbon-neutral has been achieved for this commercial display through the integration of the Yingli Solar branded PV system into the design, selection of low carbon footprint materials that are also manufactured locally in South Africa to avoid sea or air freight, and the investment in ecological carbon dioxide emission reduction certificates.
The Company has designed and installed this Commercial Display to include a fully operating building integrated PV system using Yingli Solar semi-transparent laminates. The total rated power of the system is 1.2 kWp. If the system were to remain at the Soccer City Stadium for a full year, it would generate approximately 1,500 kilowatt-hours of electricity and would offset nearly 1.5 tonnes of coal equivalent carbon-dioxide or offset the carbon dioxide emissions from driving a typical family car for over 10,000 km. The use of wood, bamboo, and other materials locally sourced in South Africa has also contributed to lowering the overall carbon footprint of the display.
"We are pleased to be the first FIFA World Cup(TM) sponsor to showcase a carbon-neutral Commercial Display," Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy, commented. "It is important for us at Yingli Green Energy that we are responsible for our own operational footprint in terms of social and environmental impact. Like FIFA, we are committed to making our contributions to a cleaner and greener world. Our Commercial Display will also be an opportunity for football fans from all over the world to see and experience the PV technology as they gather before the kick-off of matches at Soccer City."
Jerome Valcke, FIFA Secretary General, commented, "We are excited that Yingli Green Energy marks another historical moment by presenting the very first carbon neutral Commercial Display ever in FIFA World Cup(TM) history. FIFA is very conscious about the planet we inhabit and we are proud to join forces with Yingli Green Energy by combining our love for football and the environment."
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), which holds 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. As of today, Yingli Green Energy maintains a balanced production capacity of over 600 MW per year. Two capacity expansion projects of 300 MW and 100 MW are under construction in Baoding and Hainan, respectively, and are expected to bring Yingli Green Energy's total capacity to 1 GW by the end of 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, is at the final stage of the segment trial process, and is expected to start fully integrated production from mid-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 FIFA
The Federation Internationale de Football Association is the world governing body of football, comprising 208 football associations grouped into six confederations. Based in Zurich, Switzerland, FIFA's activities extend far beyond its broad spectrum of international competitions headed by the FIFA World Cup(TM). FIFA provides material, financial and promotional means to develop the game around the world, and offers underprivileged communities support through the Football for Hope movement. For the Game. For the World.
For more information on FIFA and its competitions, especially the 2010 FIFA World Cup South Africa(TM), please visit the official website at http://www.FIFA.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" 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:
Yingli Green Energy Holding Company Limited
In China:
Qing Miao
Director of 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: pr@yinglisolar.com
In Europe:
Rebecca Jarschel
Brand Manager
Yingli Green Energy Europe GmbH
Phone: +49-89-540303412
Email: pr@yinglisolar.com
FIFA Media Department Zurich:
Phone: +41-43-2227272
Fax: +41-43-2227373
Email: media@fifa.org
