BAODING, China, May 21, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar," today announced that it has begun trial production of monocrystalline silicon modules with N-type Metal-Wrap-Through ("N-MWT") technology, by adopting equipment provided by Formula E s.r.l. (Formula E), a leading supplier of photovoltaic technology and automated manufacturing lines.
As part of the companies' strategic collaboration agreement, Formula E designed and produced a set of innovative manufacturing equipment for back contact applications in the production of N-MWT modules. The equipment has been installed in one of Yingli Green Energy's module workshops, and production trials are currently on-going.
The N-MWT technology, one of the highly innovative technologies the Company involved in, will reduces power loss in the module encapsulation process and improves cell efficiency by reducing the amount of metal applied to each solar cell, which exposes more of the solar cell's surface area to sunlight than with traditional monocrystalline technologies.
"The Formula E team worked tirelessly to put in place a pilot production line that enables the automated manufacturing of different module architectures, delivering unprecedented reliability, accuracy and precision in the manufacturing of MWT modules. Our collaboration with Yingli Solar is definitely strategic for our growth. We believe a new age for PV industry is now open and promises very appealing results for end users," commented Davide Spotti, the president of Formula E.
"We believe that cost reduction and technology improvement are critical to achieving our mission, which is to provide affordable green energy for all," said Cindy Hu, Vice President & Technical Director of Yingli Green Energy. "These innovations in MWT technology are the result of our team's strong partnership with Formula E. We look forward to further optimizing our manufacturing processes through joint efforts with leading PV equipment manufacturers, including Formula E."
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), known as "Yingli Solar," is the world's largest photovoltaic module manufacturer in terms of production capacity and shipments. Yingli Green Energy's manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and module assembly. Headquartered in Baoding, China, Yingli Green Energy has more than 30 regional subsidiaries and branch offices and has distributed more than 9,000 MW PV modules to customers worldwide. For more information, please visit www.yinglisolar.com and join the conversation on Facebook, Twitter and Weibo.
About Formula E
Formula E s.r.l. is an Italian company with a talented team with long and deep experience and heritage in solar industry, automation, Automated Optical Inspection, software and mechatronics for application requiring high precision and accuracy in mass production. The company creates continual improvements and developments in the equipment and process dedicated to PV modules manufacturing, providing a complete and broad variety and platform of innovative solutions solving requirements from laboratory to mass production and enabling quite different technology roadmaps in the PV industry.
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 about Yingli Green Energy, please contact:
Qing Miao Vice President of Corporate Communications Yingli Green Energy Holding Company Limited Tel: +86 312 8929787 E-mail: firstname.lastname@example.org
In the Americas:
Helena Kimball Head of Marketing Yingli Green Energy Americas Inc. Tel: +1-603-591-5812 E-mail: email@example.com
Rebecca Jarschel Public Affairs & Public Relations Director Yingli Green Energy International AG Tel: +41 (0) 44 567 6143 E-mail: firstname.lastname@example.org
SOURCE Yingli Green Energy Holding Company Limited