BAODING, China and OAKLAND, Calif., Sept. 9, 2011 /PRNewswire-Asia/ -- 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 U.S. subsidiary, Yingli Green Energy Americas, Inc. ("Yingli Americas"), is the Presenting Sponsor of Solarthon, nonprofit solar installer GRID Alternatives' annual fundraiser that brings together hundreds of individuals, teams, solar job trainees, and corporate participants to install multiple solar energy systems in one day for low-income homeowners.
"We're pleased to have worked with GRID Alternatives to install over 250 projects for low-income families to date and are proud to be their Official Solar Module Provider," said Helena Kimball, Head of Marketing Communications, Yingli Americas. "These unique Solarthon events are a great way to advance our mission to bring cost-effective solar power to the communities who need it most, while creating local job opportunities and growth."
"Every single GRID Alternatives home installation provides thousands of dollars in savings for working families and two days of on the job training for ten job seekers – and we average 15 home installations per week. Because of Yingli Solar's support, we have been able to multiply this impact hundreds of times over," said Erica Mackie, Co-Founder, GRID Alternatives.
As Presenting Sponsor and Official Module Provider of GRID Alternatives, Yingli Solar will supply solar modules for 50 participating families from neighborhoods in San Francisco, San Diego, Fresno, San Louis Obispo and Los Angeles during the five Solarthon block parties. The systems will eliminate more than 4,400 tons of greenhouse gas emissions and generate $1.3 million worth of renewable energy savings for families living on very low incomes. The sponsorship of these Solarthons is part of the collaboration between Yingli Solar and GRID Alternatives to install 1 MW of solar energy systems for 400 low-income families throughout 2011. These installations will create thousands of hands-on job training opportunities in PV installation while helping underserved families with immediate financial savings.
The first of the five events takes place on Saturday, September 10th in the Bayview-Hunters Point neighborhood in San Francisco. For more information about these events or to sign up, go to www.gridalternatives.org/solarthon.
- San Francisco Bay Area: Saturday, September 10, 2011
- San Diego: Saturday, September 24, 2011
- Central Valley (Fresno): Saturday, October 8, 2011
- Templeton (San Luis Obispo County): Saturday, October 22, 2011
- Lynwood (Los Angeles County): Saturday, November 5, 2011
For more information on Yingli Solar in the Americas, visit www.yinglisolar.com/us.
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. Currently, Yingli Green Energy maintains a balanced vertically integrated production capacity of over 1 GW per year. Two capacity expansion projects of 600 MW and 100 MW n Baoding and Hainan, respectively, started initial production in early July 2011 and are expected to increase the Company's total nameplate capacity to 1.7 GW in late 2011. In addition, Yingli Green Energy's in-house polysilicon plant, Fine Silicon, which has a designed annual production capacity of 3,000 metric tons, has successfully started commercial operation in early August 2010. 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 11,000 employees and more than 10 subsidiaries and branch offices worldwide. Yingli Green Energy is publicly listed on the New York Stock Exchange (NYSE: YGE). For more information, please visit http://www.yinglisolar.com.
About GRID Alternatives
GRID Alternatives is a non-profit solar installer that trains and leads teams of volunteers and job trainees to install solar energy systems for low-income families throughout California. The mission of GRID Alternatives is to empower communities in need by providing renewable energy and energy efficiency services, equipment and training. Since 2004, GRID has installed over 1200 solar electric systems and provided hands-on solar installation training over 7,100 community members statewide. These systems represent over 3.0 MW of generating capacity, which translates to over $28.6 million in energy cost savings over the systems' projected life spans, while preventing 96,300 tons of greenhouse gas emissions. GRID Alternatives also manages the Single-family Affordable Solar Homes (SASH) Program, part of the California Solar Initiative that is funded by California ratepayers under the auspices of the California Public Utilities Commission (CPUC). For more information, please visit http://www.gridalternatives.org
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:
Director, Investor Relations
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
In the Americas:
Head of Marketing Communications
Yingli Green Energy Americas
Phone: +1 603 591 5812
Yingli Green Energy Europe GmbH
Telephone: +49 89 540303412
SOURCE Yingli Green Energy Holding Company Limited