BAODING, China, Nov. 17 /PRNewswire-Asia/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced that its "Yingli Solar" brand modules have attained the "Power Controlled" certification from TUV Rheinland Group ("TUV Rheinland"), a leading global service provider in the testing of photovoltaic modules and components, at its 2009 Annual Global Customer Conference which kicked off today in Baoding. Present at the conference were more than 300 customers, business partners, PV association representatives and selected journalists.
"Power Controlled" certification provides independent verification and assurance that the real rated power of Yingli Solar brand modules lies within the specified tolerance as stated in the Company's datasheets. The certification reduces risk and uncertainty in the real power installed in PV systems and therefore further reduces financial return risk for investors. The Company believes the attainment of this certification further reinforces the bankability of its "Yingli Solar" brand modules.
"We are pleased to be among the first companies to receive 'Power Controlled' certification," Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy, commented. "At Yingli Green Energy we are focused on continuously improving our product quality, and we strive to underpin our innovations with certifications from leading independent third parties. With the 'Power Controlled' certification we can offer our customers and investors an additional level of assurance that our modules deliver the power that we promise, and by reducing the uncertainty in PV system performance we are helping lay the foundation for grid-parity PV solutions in the future."
Willi Vaassen, TUV Rheinland Business Field Manager of Renewable Energy, commented, "We are pleased that Yingli Green Energy is one of the first recipients of the 'Power Controlled' certification, which we have designed to drive the development of a reliable power rating system for PV modules. As the leading global service provider in the testing of photovoltaic modules and components, we are committed to boosting market access and reducing investment risk for PV systems around the world through rolling this program out to leading global PV-module manufacturers."
TUV Rheinland "Power Controlled" certification includes periodic third-party assessment of Yingli Green Energy's pulsed solar simulators, measurement procedures, maintenance and calibration intervals and power output verification testing of PV modules through random sampling and evaluation of flash-test data from the production line. The measurement procedures and calibration are traceable to the highest standards of World PV Scale (WPVS).
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE) is one of the world's leading vertically integrated PV product manufacturers. Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis. Based in Baoding, China, Yingli Green Energy sells its PV modules to system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, South Korea, Belgium, France, China and the United States. For more information, please visit http://www.yinglisolar.com .
About TUV Rheinland Group
TUV Rheinland is a leading group for the provision of technical services worldwide. It has over 490 locations in 61 countries on all five continents. TUV Rheinland is over 130 years old and its headquarters are in Cologne, Germany. As the leading global service provider in the testing of Photovoltaic modules and components, TUV Rheinland Group tests and provides certification of about 70% of PV products worldwide. We have more than 100 PV-experts worldwide with up to 25 years of expertise in the PV field.
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:
In China:
Qing Miao
Director, Investor Relations
Yingli Green Energy Holding Company Limited
Tel: +86-312-3100-502
Email: ir@yinglisolar.com
Courtney Shike
Brunswick Group LLC
Tel: +86-10-6566-2256
Email: cshike@brunswickgroup.com
In the United States:
Katie Cralle
Brunswick Group LLC
Tel: +1-212-333-3810
Email: kcralle@brunswickgroup.com
