Yingli Green Energy Becomes the First Official Renewable Energy Partner of U.S. Soccer Partnership Merges Rising Mainstream Markets - Soccer and Solar Energy - in America
BAODING, China and CHICAGO, Aug. 10, 2011 /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), and U.S. Soccer today announced a multi-year agreement that establishes Yingli Green Energy as the first Official Renewable Energy Partner of U.S. Soccer and the U.S. Men's, Women's, and Youth National Teams through the end of 2014.
Yingli Green Energy, a leading solar energy company and one of the world's largest vertically integrated photovoltaic ("PV") manufacturers, markets its products under the brand "Yingli Solar." During the next four years, Yingli Green Energy will support U.S. Soccer's ongoing efforts to develop the game at all levels.
The partnership will launch during tonight's U.S. Men's National Team match versus Mexico at Lincoln Financial Field in Philadelphia at 9 p.m. ET, which airs live on ESPN2, ESPN3.com and Univision. Jurgen Klinsmann will also make his debut as the U.S. Men's National Team head coach.
Klinsmann takes over the U.S. team a little more than a year after a dramatic run through the FIFA™ World Cup 2010 in South Africa, culminating in a Round of 16 match against Ghana that garnered 19.4 million American viewers.
The partnership comes at a time when the U.S. Women's National Team finished an impressive run at the 2011 FIFA™ Women's World Cup in Germany, capturing the attention of millions of fans stateside, evidenced by a record-setting TV audience of 13.5 million for the final match against Japan.
The notable growth of solar power throughout the U.S. market in recent years charts a similar trajectory as the National Teams' popularity. Overall, average attendance at U.S. Men's National Team matches has increased 60 percent since 2007 to 47,674 in 2011, with top solar energy states such as California, New Jersey, Massachusetts, and Pennsylvania playing host to key U.S. National Team events during that time. Nationwide, solar PV installations in the U.S. have also grown considerably by 527 percent to reach 878 MW nationwide.
"Soccer is the world's most popular game and we are extremely excited to be partnering with U.S. Soccer, an organization that has achieved tremendous success and similar global recognition in recent years," said Mr. Robert Petrina, Managing Director of Yingli Americas, a fully-owned subsidiary of Yingli Green Energy. "We consider this association to be the best platform for building solar energy awareness across the country. We recently announced that we are on track to capture 15 percent of the North American solar market in 2011, and today we're reinforcing our commitment to build a lasting brand and a recognizable local presence."
Yingli Green Energy has committed to working with U.S. Soccer on a philanthropic initiative that aims to provide solar energy for local athletic centers in disadvantaged communities across the U.S. The program will be operational throughout the duration of the Yingli Green Energy and U.S. Soccer's partnership, and is designed to be a lasting legacy for future generations to value environmental sustainability.
"We are looking forward to our new partnership with Yingli Green Energy through 2014," said U.S. Soccer President Sunil Gulati. "Working closely with a leading renewable energy company will give us the opportunity to enhance our social and environmental activities through a number of different initiatives over the next few years."
"This is a special time for soccer in America, when the soccer community is energized about the game's future," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We are similarly excited about the potential for the solar industry, and we are pleased to be partnering with U.S. Soccer to help advance opportunities for both soccer and renewable energy throughout this important market."
Yingli Green Energy has made a significant global commitment to soccer in recent years, including official partnerships with the FIFA™ World Cup 2010 and 2014, and Germany's largest and most successful soccer club, FC Bayern Munich. A key component of these partnerships centers on the ability to utilize the power of soccer to help advance the Company's commitment to social responsibility.
To learn more about Yingli Green Energy in the U.S., visit www.yinglisolar.com/us.
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.
About U.S. Soccer
Founded in 1913, U.S. Soccer has helped chart the course for soccer in the USA for more than 95 years as the governing body of the sport. In this time, the Federation's mission statement has been clear and simple: to make soccer, in all its forms, a pre-eminent sport in the United States and to continue the development of soccer at all recreational and competitive levels. To that end, the sport's growth in the past two decades has been nothing short of remarkable as U.S. Soccer's National Teams have continually succeeded on the world stage while also growing the game here in the United States with the support of its members. For more information, visit http://www.ussoccer.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:
Director, Investor Relations
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
In the Americas:
Head of Marketing Communications
Yingli Green Energy Americas, Inc.
Tel: +1 603 5915812
Marketing Communications Manager
Yingli Green Energy Europe GmbH
Tel: +49 89 540303412
Tel: +1 312 5281270
SOURCE Yingli Green Energy Holding Company Limited