Yingli Solar Multicrystalline Modules Chosen for One of the Largest Solar Power Projects in U.S. Health Care
BAODING, China, and SAN FRANCISCO, July 13 /PRNewswire-Asia/ -- Today at the Intersolar North America conference 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," announced that its U.S. subsidiary, Yingli Green Energy Americas, Inc. ("Yingli Green Energy Americas"), has been selected to provide 15 megawatts of solar modules for 16 solar power systems at multiple Kaiser Permanente hospitals and office facilities across California.
Nearly 65,000 Yingli Solar multicrystalline modules are being delivered between now and mid-year 2011. The modules were chosen by the project's designer and installer, Swinerton Renewable Energy, a San Francisco-based green building leader, as well as the plant's owner and operator, Recurrent Energy, a San Francisco-based independent power producer. The projects will generate approximately 180 union and green jobs in California.
"We chose to work with Yingli Green Energy Americas not only for their proven product, but also for their stellar customer service and flexibility," said George Hershman, Vice President of Swinerton Renewable Energy. "High quality, reliable modules are a pre-requisite for our solar projects, which is why we look forward to continuing to partner with Yingli Green Energy Americas in the future."
"With several installations already operating and some underway, we can attest to Yingli Green Energy Americas' ability to deliver and to work within tight development parameters," said Arno Harris, Chief Executive Officer, Recurrent Energy. "We're pleased to work with them on a project of this magnitude, which when aggregated, truly highlights the advantages of distributed-scale solar power."
"We are expanding our business across all major solar markets and have become one of the leading module suppliers in the United States," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "As today's announcement demonstrates, we continue to be selected for some of the nation's most visible and exciting solar projects."
Robert Petrina, Managing Director of Yingli Green Energy Americas, added, "We strive to provide outstanding technical and commercial support, and we are pleased to have those advantages recognized by solar industry leaders such as Swinerton and Recurrent Energy. When completed, the Kaiser Permanente projects will serve as an exemplary model for other health care organizations and institutions to follow."
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 locating in Baoding and Hainan, respectively, has 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, 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
Tel: +86-312-3100502
Email: ir@yinglisolar.com
In the Americas:
Judy Tzeng Lee
Director of Corporate Development
Yingli Green Energy Holding Company Limited
Tel: +1-510-847-3920
Email: pr@yinglisolar.com
In Europe:
Rebecca Jarschel
Brand Manager
Yingli Green Energy Europe GmbH
Tel: +49-89-540303412
Email: rebecca.jarschel@ygee.eu