Yingli Brings Solar Investment Opportunity to the Chinese Public through Emerging Internet Financing Platform
New financing vehicle offers renewable energy bonds for Yingli's 4 MW Solar Project
Jun 30, 2015, 07:30 ET
BAODING, China, June 30, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited ("Yingli" or "Yingli Solar") (NYSE:YGE), one of the world's leading solar panel manufacturers, today announced that it completed a bond financing RMB 20 million yuan (USD $3.2 million) for a 4 megawatt (MW) solar project. Yingli's financing partners for the project are Tianjin Xinhai Financial Leasing Co., Ltd. (Xinhai Leasing) and Principal Shield (Xiamen) Financial Technical Service Co., Ltd. The project bonds are now available for the Chinese public to invest in online at www.shicaidai.com, the China-based Internet finance firm to offer P2B (person-to-business) online financial products, including loans and wealth management tools.
Located in Hengshui City in China's Hebei Province, Yingli's 4 MW solar project is now operational. The installation will generate approximately 6.5 million kilowatt-hours of solar electricity annually, equivalent to offsetting the consumption of 2,600 tons of coal and more than 6,700 tons of carbon emissions.
Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli, commented, "We are proud to announce our project and its innovative financing method, which empowers individuals to invest in clean power projects while also providing a safe, flexible, and stable investment income. It's our goal to begin replicating this approach as our project pipeline grows, and to eventually build a series of new online financing products that enable the public to invest in clean energy instead of fossil fuels."
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), known as "Yingli Solar," is one of the world's leading solar panel manufacturers. Yingli Green Energy'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 Green Energy has more than 30 regional subsidiaries and branch offices and has distributed more than 13 GW 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:
Vice President of Corporate Communications
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
E-mail: [email protected]
In the Americas:
Director of Marketing
Yingli Green Energy Americas Inc.
Tel: +1 415 728 0472
Email: [email protected]
Marketing Communications Manager Europe
Yingli Green Energy Europe GmbH
Email: [email protected]
SOURCE Yingli Green Energy Holding Company Limited
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