BAODING, China, Sept. 17, 2013 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the world's largest vertically integrated photovoltaic ("PV") manufacturer, which markets its products under the brand "Yingli Solar", today announced that the Company will jointly compile The Clean Production Evaluation Index System of Photovoltaic Industry ("System"), which is the first evaluation system of the Chinese PV industry.
Organized by National Development and Reform Commission ("NDRC") and the Ministry of Industry and Information Technology ("MIIT"), the System is compiled by China National Institute of Standardization ("CNIS") and Yingli Green Energy as well as other leading PV companies with the support of the World Wide Fund for Nature ("WWF"). As the first Chinese and first PV manufacturer to join the WWF Climate Savers Program, the Company expects to establish a benchmark for clean production in the Chinese PV industry through creating the System.
The establishment and implementation of the System is beneficial to objectively evaluating the clean production status of PV manufacturers and promote cleaner production and high-efficient consumption of energy through technical transformation and product upgrades. In addition, PV manufacturers can effectively reduce pollution and emissions in the process of production, strengthen waste reclamation and lower production costs due to the System, which can help Chinese solar PV manufacturers increase their competitiveness in the international market.
This event is highly appraised by representatives from NDRC and MIIT, "The establishment of the System will set up a new criteria on clean production in the Chinese PV industry and will further implement the Several Supporting Measurements for the Development of PV Industry announced by the State Council from the environmental protection aspect. It is likely to become one of the necessary requirements for domestic PV project bids and also will provide important reference views and supporting data during mergers and acquisitions in the PV industry. Supported by WWF with their sterling reputation and environmental protection experience, the System will be more convincing and boost recognition of Chinese PV products in the international market.
"Large-scale applications of renewable energy is the major trend in global energy development and the most effective way to deal with climate changes. As a world leading renewable company, Yingli Green Energy has always committed to promoting the clean production of the PV industry and widespread use of renewable energy," said Peter Beaudoin, head of WWF's China office.
"As the first Chinese company and the first PV manufacturer to join the WWF Climate Savers Program, Yingli Green Energy is committed to providing affordable green energy for all. While providing clean energy for society, we are leading the trend of clean production in the Chinese PV industry through technology progress and reduction of carbon emissions. Establishing the System is not only to fulfill our commitment to the WWF Climate Savers Program but also to promote clean production and the concept of energy saving and emission reduction in the Chinese PV industry," said Dr. Dengyuan Song, Chief Technology Officer of Yingli Green Energy.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), which markets its products under the brand "Yingli Solar," is the world's largest photovoltaic module manufacturer in terms of shipments. With 2,450 MW of vertically-integrated annual production capacity, 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 20 regional subsidiaries and branch offices and has distributed more than 7,000 MW PV modules to customers worldwide. For more information please visit www.yinglisolar.com and join the conversation on Facebook, Twitter and Weibo.
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:
Qing Miao Vice President of Corporate Communications Yingli Green Energy Holding Company Limited Tel: +86 312 8929787 E-mail: firstname.lastname@example.org
SOURCE Yingli Green Energy Holding Company Limited