Yingli Green Energy Signs Agreements to Supply 30 MW of PV Modules to Customers in Spain

Jan 07, 2010, 06:06 ET from Yingli Green Energy Holding Company Limited

BAODING, China, Jan. 7 /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced it has signed five sales agreements with customers in Spain. Under these sales agreements, in the first half of 2010 the Company is expected to supply a total of approximately 30 MW of PV modules to be installed in ground-mounted power plants and commercial roof-top systems.

"We are pleased to see continued demand for our high quality modules in Spain," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Following the global financial crisis and the Spanish market's sharp decline in early 2009 resulting from the constraints on annual installation volumes, Yingli Green Energy has been enhancing our marketing and execution capabilities. We are encouraged by our progress as customers increasingly view 'Yingli Solar' as a reliable, trustworthy and bankable brand."

"With solid customer bases and effective strategies in place for Europe and globally, we look forward to a promising year ahead," Mr. Miao concluded.

About Yingli Green Energy

Yingli Green Energy Holding Company Limited (NYSE: YGE) is one of the world's leading vertically integrated PV product manufacturers. Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis. Based in Baoding, China, Yingli Green Energy sells its PV modules to system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, South Korea, Belgium, France, China and the United States. For more information, please visit http://www.yinglisolar.com .

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" 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:

    In China:
     Qing Miao
     Director, Investor Relations
     Yingli Green Energy Holding Company Limited
     Tel:   +86-312-3100-502
     Email: ir@yinglisolar.com

     Courtney Shike
     Brunswick Group LLC
     Tel:   +86-10-6566-2256
     Email: cshike@brunswickgroup.com

    In the United States:
     Katie Cralle
     Brunswick Group LLC
     Tel:   +1-212-333-3810
     Email: kcralle@brunswickgroup.com

SOURCE Yingli Green Energy Holding Company Limited