BAODING, China, May 17 /PRNewswire-Asia/ -- 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 it has signed a sales contract with MAESSA TELECOMUNICACIONES, INGENIERIA, INSTALACIONES Y SERVICIOS, S.A. ("MAETEL"), a leading Spanish EPC company which belongs to the industrial division of A.C.S. Group, one of Europe's largest infrastructure development companies. Under the terms of this contract, Yingli Green Energy has agreed to supply 33 MW of PV modules to MAETEL from the beginning of October 2010 through the end of April 2011.
The PV modules to be supplied by the Company under this contract are expected to be installed in a PV solar power plant located in Curbans, France.
According to the plant owner, GDF SUEZ Group, one of the world's leading energy providers, the 33 MW PV solar power plant in Curbans will be France's largest PV solar power facility and is expected to produce 43.5 million kilowatt hours of renewable energy each year, equivalent to the annual electricity consumption of 14,500 households (excluding heating). Compared with a fuel oil power plant, it will create a reduction of close to 120,000 metric tons of CO2 emissions annually.
"We are pleased to announce this exciting cooperation with MAETEL," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "This contract provides more positive visibility into the demand momentum in the emerging European solar markets. Moreover, we are glad to see that our customers in existing markets are actively exploring market opportunities beyond their domestic scope, which will help us further diversify our market exposure."
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. 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 6,000 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 MAETEL
The Spanish company MAETEL, with its head office located in the city of Zaragoza, belongs to the industrial group SEMI MAESSA, which is incorporated within the industrial division of A.C.S. The principal activities of MAETEL are: electricity generation and distribution; renewable energy sources and the environment; industrial installations and engineering and telecommunications installations.
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: +86-6566-2256
Email: yingli@brunswickgroup.com
In the United States:
Katie Cralle
Brunswick Group LLC
Tel: +1-212-333-3810
Email: kcralle@brunswickgroup.com
