Yingli Green Energy to Supply 10.269 MW Modules for the Largest Single Site PV Power Plant in Malaysia
BAODING, China and SINGAPORE, May 24, 2013 /PRNewswire/ -- 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 ("PV") manufacturers, which markets its products under the brand "Yingli Solar", announced today that its wholly-owned subsidiary, Yingli Green Energy Singapore Company Pte. Limited ("Yingli Singapore") will supply 10.269 MW of multicrystalline PV modules to Amcorp Power Sdn. Bhd. ("Amcorp Power"), which is a subsidiary of Amcorp Group Berhad, an investment holding company based in Malaysia.
Located at Gemas, Negri Sembilan, the 10.269 MW PV project (the "Project") is owned and managed by Amcorp Power. The Project is the largest single site PV power plant in Malaysia.
Spanning an area of approximately 34 acres, the Project will utilize around 41,076 pieces of YGE 60 Cell Series multicrystalline module with peak power of 250 watt. It is estimated that the 10.269 MW PV power plant will be able to generate approximately 13.6 million kWh of clean electricity per annum.
"We're delighted to make this breakthrough in Southeast Asia," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Southeast Asia is a very promising PV market given its rich solar radiation, serious lack of electricity and governments' strong interest in renewable energy applications. By leveraging our regional headquarters in Singapore and overwhelming brand influence, we look forward to serving our customers with high quality products and expanding our exposure to this region."
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. Yingli Green Energy currently maintains a balanced vertically integrated production capacity of 2,450 MW per year at its production facilities located in Baoding, Haikou, Tianjin and Hengshui. 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 20 subsidiaries and branch offices worldwide. Yingli Green Energy is publicly listed on the New York Stock Exchange (NYSE: YGE). For more information, please visit www.yinglisolar.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:
Vice President of Corporate Communications
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
In the Americas:
Head of Marketing
Yingli Green Energy Americas Inc.
Marketing Communications Manager
Yingli Green Energy Europe GmbH
SOURCE Yingli Green Energy Holding Company Limited