Yingli Green Energy Supplies 72 MW of Solar Panels to Solarcentury in the United Kingdom

Nov 25, 2014, 03:00 ET from Yingli Green Energy Holding Company Limited

BAODING, China, Nov. 25, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated solar panel manufacturer in the world, known as "Yingli Solar", today announced that the Company will supply 72 megawatts of multi- and monocrystalline solar panels to Solarcentury Holdings Ltd. ("Solarcentury"), a leading solar company in the United Kingdom ("UK").

In terms of the agreement between Yingli and Solarcentury, the Company will complete the delivery of approximately 168,000 solar panels by the end of this year. The panels will be installed in projects across the UK. These projects will produce approximately 65,000 MWh of clean solar electricity per year, enough to supply around 21,800 typical UK homes.

"We are pleased to once more join forces with our trusted partner, Yingli Green Energy, for these exciting projects. We have worked together for a number of years, and the trust built up over that time makes it easier to execute on projects at this scale. Solar is still the most popular form of renewable energy among the UK public, unsurprising since developing our solar capacity stands to benefit many people and businesses. Also, by diversifying our energy mix, we can help improve the UK's energy security," said Mr. Matthew Boulton, Chief Operating Officer, Solarcentury.

"It is our pleasure to partner with Solarcentury, one of the most innovative companies in the UK and a long-term friend of Yingli. As we continue to see a strong solar market in the UK with a steady growth potential throughout 2020, we look forward to cooperate with this long-standing solar company on more exciting projects in the future," said Mr. Liansheng Miao, Chairman and Chief Executive Officer, Yingli Green Energy.

About Yingli Green Energy

Yingli Green Energy Holding Company Limited (NYSE: YGE), known as "Yingli Solar," is the world's largest vertically integrated solar panel supplier in terms of shipment in 2013 based on public information. 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 10 GW solar panels to customers worldwide. For more information please visit www.yinglisolar.com and join the conversation on Facebook, Twitter and Weibo.

About Solarcentury

Solarcentury is one of the most respected solar companies in the world. Founded in 1998, we have been around since the early days of the solar industry and have been part of the evolution that has made PV the attractive investment it is today.

We have put solar on a greater variety of sites than any other company in the industry, and have won multiple awards for product innovation.

We work directly with our clients to design and install commercial, industrial and utility scale solar. We also supply our products and services to installers and distributors. All of our customers benefit from our experience in terms of engineering quality, superior yields and sheer breadth of deployment.

We are a big believer in helping solar PV change our world for the better and contribute 5% of our net profits every year to the charity we founded, SolarAid, which aims to eradicate kerosene lamps from Africa by 2020.

And our business is global and growing, with offices in the UK, the Netherlands, Kenya, Ghana, South Africa, Panama and Mexico.

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:

In China Qing Miao Vice President of Corporate Communications Yingli Green Energy Holding Company Limited Tel: +86 312 8929787 E-mail: ir@yinglisolar.com

In the Americas: Helena Kimball Head of Marketing Yingli Green Energy Americas Inc. Tel: +1-603-591-5812 Email: helena.kimball@yingliamericas.com

In Europe: Rebecca Jarschel Public Affairs & Public Relations Director Yingli Green Energy International AG Tel: +41 (0) 44 567 6143 Email: rebecca.jarschel@yinglisolar.ch

For further information about Solarcentury, please contact Sarah Allison 50 Great Sutton St, London, EC1V 0DF Tel: +44(0)20 7549 1148 Email: Sarah.Allison@solarcentury.com

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SOURCE Yingli Green Energy Holding Company Limited



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