BAODING, China, July 1, 2016 /PRNewswire/ -- Yingli Green Energy Holding Company Ltd. ("Yingli" or "Yingli Solar") (NYSE: YGE), one of the world's leading solar panel manufacturers, today announced that its wholly owned subsidiary, Yingli Energy (China) Company Limited ("Yingli China") has completed a 50 megawatt (MW) "Top Runner" project in Datong City, Shanxi Province, China and connected it to the grid by the end of June 2016. Yingli China was selected to develop and construct the project in July 2015.
As part of the "Top Runner" program of China's National Energy Administration (NEA), the project is located in the coal-mining subsidence areas in Datong, Shanxi Province, which is the first National Advanced PV Technology Demonstration Base. The project utilized Yingli's TwinMAX 60 Cell bifacial series module, a frameless dual glass module that integrates Yingli's cutting-edge PANDA (n-type monocrystalline solar cell) technology which leads to a module efficiency of up to 18.8%. The project is expected to generate over 80 GWh of electricity per year, which is enough to power approximately 37 thousand typical households and equivalents to offsetting over 50 thousand tonnes of carbon emission annually.
"We are honored to complete the 50 MW 'Top Runner' project and utilize our TwinMAX bifacial series module in the project, which required a high standard for power output and quality," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli. "This demonstrates the strong competitiveness of our products and we strive to continue our commitment to the development of advanced PV products with the mission of making solar energy affordable and accessible for everyone."
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 15GW 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:
Yingli Green Energy Americas
Marketing Communications Manager Europe
Yingli Green Energy Europe GmbH
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SOURCE Yingli Green Energy Holding Company Limited