New Solar PV Manufacturing Lines Include 300 MW of Monocrystalline Capacity in Baoding and 100 MW of Multicrystalline Capacity in Hainan
BAODING, Hebei and HAIKOU, Hainan, China, July 8 /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 manufacturers, which holds the brand "Yingli Solar," today announced the initial production of its latest 400 MW capacity expansions. The new solar PV manufacturing lines include a 300 MW PANDA monocrystalline silicon based production capacity at the Company's Baoding headquarters, and a 100 MW multicrystalline silicon based production capacity in Haikou, Hainan Province.
"We are excited about the initial production of our newly added 400 MW manufacturing lines. These significant milestones were achieved within one year, demonstrating our accumulated expertise in capacity expansion," commented Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. "We expect these latest production lines to reach full capacity by the end of this quarter, which will bring our total nameplate capacity to 1 GW. Our success can be attributed to the strong demand for our high performance products, especially our recently introduced Yingli Solar Panda Module(TM). The expected output of these new lines this year has been fully booked by our customers. We believe our expanded product portfolio and increased capacity will further solidify our industry leadership worldwide."
"Given the higher cell efficiency of the Yingli Solar Panda Module(TM), we expect to help our customers further reduce their balance-of-system cost. We also plan to continue to invest in high efficiency cell research and development in order to deliver the best technology and products possible to all of our customers with a focus on the reduction of the total cost of KW hour generation," Mr. Miao concluded.
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. 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 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 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, 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 .
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: +86-312-310-0502
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: +49-89-540-303-412
Email: rebecca.jarschel@ygee.eu
