Yingli Green Energy Announces the Issuance of Second Tranche RMB 1.4 Billion Five-Year Medium-Term Notes

Bank of Communications acted as the lead underwriter and bookrunner for the Second Tranche Issue with standby commitment. Approximately 70% of the proceeds will be used to enhance Tianwei Yingli's working capital, and the remaining 30% will be used to repay bank loans of higher interest rates.

"We are extremely happy for the successful issuance of the second tranche of the medium-term notes. The issuance recorded an oversubscription of 210%, which showed investors' confidence in our sustainable operations." commented Mr. Bryan Li, Director and Chief Financial Officer of Yingli Green Energy. "The interest rate of 6.15% for the Second Tranche Issue is highly commendable, compared to current benchmark interest rate of 6.65% for five-year bank borrowings. This successful issuance will further enhance our working capital and optimize our overall capital structure."

Relevant legal documentation, including the offering circular and issuance announcement of the Second Tranche Issue are published on the websites of ChinaMoney (http://www.chinamoney.com.cn) and ChinaBond (http://www.chinabond.com.cn).

In October 2010, Tianwei Yingli registered its plan to issue up to 2.4 billion RMB-denominated unsecured five-year medium-term notes with the PRC National Association of Financial Market Institutional Investors, and completed the issuance of the first tranche of RMB 1.0 billion unsecured medium-term notes on October 13, 2010.

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 vertically integrated production capacity of over 1 GW per year. Two capacity expansion projects of 600 MW and 100 MW are under construction in Baoding and Hainan, respectively, which are expected to start initial production in the middle of 2011 and will increase the Company's total nameplate capacity to 1.7 GW in late 2011. 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 11,000 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.