Yingli Supplies 240 MW of Solar Panels for Latin America's Largest Hybrid Solar Power Plants

BAODING, China and MADRID, July 10, 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 supplying 240 megawatts (MW) of solar panels for Latin America's two largest hybrid solar photovoltaic (PV) and concentrated solar power (CSP) power plants. Both projects, located in northern Chile, will also be equipped with 110 MW of CSP and 17.5 hours of thermal storage each.

As the power plants' sole PV supplier, Yingli is providing over 780,000 multicrystalline utility-scale YGE 72 Cell solar panels to the projects, which be installed in two phases. The first phase of panel deliveries was recently completed, and the second phase will start in August. The first power plant is expected to be operational by mid-2016.

Once complete, the PV portion of the solar power plants will occupy nearly 100,000 acres of land in total. Both projects will be connected to the national utility grid and deliver an uninterrupted power supply to commercial, industrial, and residential customers throughout Chile, offsetting approximately 385,000 tons of carbon emissions each year.

"We are pleased to be the exclusive solar PV panel provider for the two largest hybrid solar power plants in Latin America," said Mr. Fernando Calisalvo, Managing Director of Yingli Green Energy Spain. "We believe that supplying projects of this magnitude and significance will cement our leadership position in Latin America, one of the world's highest potential emerging markets."

Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy commented, "Our demonstrated ability and proven experience supplying large-scale hybrid solar power plants, including the projects announced today as well as PV-diesel systems, will be a compelling differentiator for Yingli. Demand for these innovative applications is growing, especially in emerging markets, and we are committed to meeting that demand worldwide with our high quality products."

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's control, which may cause Yingli'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's filings with the U.S. Securities and Exchange Commission. Yingli 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 the Americas:

Tori Clifford
Director of Marketing
Yingli Green Energy Americas Inc.
Tel: +1 415 728 0472
Email: [email protected] 

In Europe:
Carolin Stahler
Marketing Communications Manager Europe
Yingli Green Energy Europe GmbH
Email: [email protected]

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SOURCE Yingli Green Energy Holding Company Limited

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