Yingli Solar to Supply 40 MW of Solar Panels to Sybac Solar in Honduras
BAODING, China, and MEXICO CITY, June 24, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited ("Yingli") (NYSE: YGE)*, one of the world's leading solar panel manufacturers, today announced that it will supply 40 megawatts (MW) of solar panels to Sybac Solar, a major global solar integrator, for two power plants in Honduras: the Pacific Solar project, located in Nacaome, and the La Manzanilla y Las Lajas project, located in Choluteca.
Yingli is currently delivering 25 MW for the first phase of the 50 MW Pacific Solar project, which was developed by EM-Power Corporacion, a Guatemala-based Central American renewable energy company. The first phase is expected to begin operating in August 2015 and the second phase is expected to come online in 2016. Once complete, the power plant will contain at least 160,000 high-performing, multicrystalline YGE 72 Cell Series panels, which are engineered specifically for large-scale utility projects.
Separately, Yingli is also delivering 15 MW of these YGE 72 Cell Series solar panels for the first tranches of the La Manzanilla y Las Lajas project, which was developed by Energys de Honduras S.A. de C.V. Once complete, at least 96,000 Yingli Solar panels will be installed in this utility-scale system.
Mr. Markus Falz, Chief Executive Officer of Sybac Solar, commented, "Yingli has proved to be an excellent partner and reliable supplier since we first cooperated on the 24 MW Pavana Solar Park, also located in Honduras. We have the utmost confidence in their team's ability to meet our projects' unique, complex challenges. We value our long-term partnership, and look to Yingli as a preferred supplier for the remainder of our project pipeline in Central America and the Caribbean. "
"With top quality products, and excellent customer service, Yingli was ready to solve all the specific needs of our project," stated Mr. Fernando Paiz, President and chairman at EM-Power Corporacion. "We will certainly include Yingli´s collaboration as an important component of our future PV developments throughout the region."
"By developing strong relationships with Central America's top solar integrators, including Sybac Solar, Yingli has become a dominant supplier of large-scale projects in the region," said Mr. Jeffrey Barnett, Vice President of International Sales of Yingli Green Energy Americas. "We credit our unique partnership approach and dedicated local team for our rapid rate of expansion throughout Central and South America."
Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy, remarked, "By investing in highly sophisticated regional operations for key emerging markets like Latin America, we have differentiated Yingli as the supplier that truly understands local market requirements and can provide superior service. This strategy is bearing fruit in Central America, particularly as markets mature, solar-friendly policies are legislated, and larger projects become the norm."
*Yingli Green Energy Holding Company is also known as "Yingli Green Energy" and markets its products under the brand name "Yingli Solar."
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.
About Sybac Solar
Sybac Solar develops, engineers, builds, owns and operates solar PV facilities in the United States and Latin America. Sybac is one of the largest solar integrators in the South East United States and has a proven track record of successful project development.
Sybac Solar was established in 2009 and is headquartered in Orlando, Florida. Sybac Solar retains in-house development, engineering, and construction management teams, minimizing the need to subcontract these services and ensuring a highly efficient development cycle. The company's experienced leadership team emphasizes attention to detail and customer service in all phases of the development process. For more information, visit www.sybacsolar.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
Vice President of Corporate Communications
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
E-mail: [email protected]
In Europe:
Carolin Stahler
Marketing Communications Manager Europe
Yingli Green Energy Europe GmbH
Email: [email protected]
In the Americas:
Tori Clifford
Director of Marketing
Yingli Green Energy Americas Inc.
Tel: +1-301-717-6796
Email: [email protected]
SOURCE Yingli Green Energy Holding Company Limited
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