BAODING, China, July 14, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited ("Yingli" or "Yingli Solar") (NYSE:YGE), one of the world's leading solar panel manufacturers, today announced that it is one of the first PV manufacturers to develop a framed utility-scale solar panel designed for a maximum system voltage of 1500 Volts (V). This new product will be displayed at the Intersolar North America trade show in San Francisco, California from July 14th, 2015 through July 16th, 2015 at the Yingli Solar booth, #7421.
Designed specifically for use in utility-scale PV power plants, the new panel improves system performance and reduces balance-of-system costs. Compatible with most tracking and mounting systems, it is among the first 1500V solar panels to include an aluminum frame. An extra layer of protective coating on the solar cells ensures high resistance to Potential Induced Degradation (PID).
"Due to its 1500V maximum system voltage, our new utility-scale panel drives balance-of-system savings by decreasing the required number of home run cables, combiner boxes, and fuses. The higher maximum system voltage also improves performance by reducing resistive losses, thus increasing system-level energy yield," commented Dr. Dengyuan Song, Chief Technology Officer of Yingli Green Energy.
"This new utility-scale panel was developed in direct response to our partners' requests for 1500V solar PV solutions, which we expect will soon become industry-standard," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We are proud to be among the first PV manufacturers that are able to meet this demand."
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 13 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
In the Americas:
Director of Marketing
Yingli Green Energy Americas Inc.
Tel: +1 415 728 0472
Marketing Communications Manager Europe
Yingli Green Energy Europe GmbH
SOURCE Yingli Green Energy Holding Company Limited