BAODING, China and SAN FRANCISCO, April 21, 2016 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli" or "Yingli Solar"), one of the world's leading solar panel manufacturers, today announced its new utility-scale product line, the YGE-U 1500 Series, is available in the Americas. Underwriters Laboratory (UL) recently certified the new panel series for use in projects with maximum system voltages up to 1500 volts DC.
There are considerable benefits to project economics gained through the reduction of balance-of-system costs (BOS) and improvement in large-scale PV system performance gained by deploying Yingli's multicrystalline YGE-U 1500 Series. This product represents an improvement over traditional modules which are typically designed for maximum system voltages of 1000 V DC. Available in power classes up to 340 W, the YGE-U 1500 Series drives BOS savings by decreasing the required number of home run cables, combiner boxes, and fuses in a given project. The higher maximum system voltage also reduces resistive losses, thereby increasing system-level energy yield and improving the project's overall performance.
"With industry analysts citing installation cost savings as high as $0.05 USD per watt when deploying large-scale 1500 V projects, higher maximum system voltages will soon become the industry standard," commented Jeffrey Barnett, Managing Director of Yingli Green Energy Americas, Yingli's U.S. subsidiary. "Our YGE-U 1500 Series, which features a sturdy aluminum frame that is compatible with standard mounting, racking, and tracking solutions, is ideally suited for 1500 V applications."
"Demand for framed 1500 V modules like our YGE-U 1500 Series is on the rise, but particularly in the U.S. and Latin America," commented Alan King, Vice President of Sales at Yingli Green Energy Americas. "We're pleased to bring this innovative product to market by supplying utility and large commercial projects with our high-performing 1500 V technology."
For more information about the YGE-U 1500 Series or to download the datasheet, please visit Yingli's website: http://www.yinglisolar.com/us/products/multicrystalline/yge-u-1500-series/.
About Yingli Solar
Yingli Green Energy Holding Company Limited (NYSE: YGE), known as "Yingli" or "Yingli Solar", is one of the world's leading solar panel manufacturers. Yingli's manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar panel assembly. Headquartered in Baoding, China, Yingli has more than 30 regional subsidiaries and branch offices and has distributed more than 14GW solar panels 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:
Investor Relations Director
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
In the Americas:
Marketing Communications Manager
Yingli Green Energy Americas
Marketing Communications Manager Europe
Yingli Green Energy Europe GmbH
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SOURCE Yingli Green Energy Holding Company Limited