BAODING, China, June 8 /PRNewswire-Asia-FirstCall/ -- 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 manufacturers, which holds the brand "Yingli Solar," today announced that it will introduce its new high-efficiency N-type monocrystalline modules under the brand name "Yingli Solar Panda" at this year's Intersolar Trade Shows in Munich from June 9 to 11 and in San Francisco from July 13 to 15. The Company expects to start commercialization of this new generation of modules on its 300 MW monocrystalline silicon-based manufacturing lines at its Baoding headquarters in the third quarter of 2010. The modules have earned TUV certificates.
The Yingli Solar Panda Module is based on N-type monocrystalline solar cells, which have been developed through Project PANDA and have an average efficiency higher than 18.5%. Compared to traditional modules based on P-type solar cells, the Yingli Solar Panda Module features lower degradation and better performance under high temperatures or low irradiation conditions.
"We are pleased to add this high-quality module to the top line of our product portfolio," said Mr. Jingfeng Xiong, Vice President of Technology of Yingli Green Energy. "In order to meet our customers' demands for highly- performing solar products, we are always concentrating on innovation and breakthroughs in photovoltaic technology. Today's introduction of the Yingli Solar Panda Module illustrates and proves our everlasting passion and dedication to excellence. In addition, we're pleased to have achieved commercial availability of the technology developed through Project PANDA within one year."
The Yingli Solar Panda Module will be presented at the following locations: -- Intersolar Munich: Hall B5, Stand 228, in the New Munich Trade Fair Centre from June 9 to 11. -- Intersolar San Francisco: Level 2, Booth 8523, in the Moscone Center from July 13 to 15.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), which holds 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 production capacity of over 600 MW per year. Two capacity expansion projects of 300 MW and 100 MW are under construction in Baoding and Hainan, respectively, and are expected to bring Yingli Green Energy's total capacity to 1 GW by the end of 2010. In addition, Yingli Green Energy's in-house polysilicon plant, Fine Silicon, which has a designed annual production capacity of 3,000 metric tons, is at the final stage of the segment trial process, and is expected to start fully integrated production from mid-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 7,000 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 .
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: In China: Qing Miao Director, Investor Relations Yingli Green Energy Holding Company Limited Phone: +86-312-310-0502 Email: email@example.com In the Americas: Judy Tzeng Lee Director of Corporate Development Yingli Green Energy Holding Company Limited Phone: +1-510-847-3920 Email: firstname.lastname@example.org In Europe: Rebecca Jarschel Brand Manager Yingli Green Energy Europe GmbH Phone: +49-89-540-303-412 Email: email@example.com
SOURCE Yingli Green Energy Holding Company Limited