BAODING, China, Jan. 15, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, known as "Yingli Solar," today announced that its holding subsidiary, Yingli Energy (Beijing) Co., Ltd. ("Yingli Beijing"), has begun the construction of a 20 megawatt (MW) solar power plant located in Shule County, Xinjiang Province, China.
Upon its completion in the second quarter of 2015, the project will generate approximately 28 million kilowatt-hours (kWh) of electricity annually, which is enough to meet nearly 30 percent of Shule County's residential power demand. It will offset about 17,000 tons of carbon emissions each year, which is equivalent to planting over 21 million trees.
"It is an honor to bring solar power to Shule County for the very first time, and we applaud the local government's efforts to encourage renewable energy project development. We aim to expand our operations and accelerate the growth of the clean energy economy throughout Xinjiang Province, where we have already developed over 100 MW of solar projects," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.
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 10 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
Tel: +49 (0) 89 411 123 45
Email: [email protected]
SOURCE Yingli Green Energy Holding Company Limited