Yingli to Build a 50 MW Solar Power Plant in Shanxi Province, China

Jul 21, 2015, 08:00 ET from Yingli Green Energy Holding Company Limited

BAODING, China, July 21, 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 its wholly owned subsidiary, Yingli Energy (China) Company Limited ("Yingli China") was selected to develop and construct a 50 megawatt (MW)  solar power plant in Datong City, Shanxi Province, China.

The power plant will be one of the key demonstration projects at the National Advanced PV Technology Demonstration Center, which is sited on reclaimed mining land in Datong City. Recently approved by the National Energy Administration as part of its "Top Runner" program, the new demonstration center plans to become China's foremost national hub for PV technology research and development. 

Datong City's local government has tasked the demonstration center with installing 1,000 MW of solar PV across seven 100 MW projects, five 50 MW projects, and several additional, smaller PV facilities during the next 12 months. Over 35 companies applied for the rights to develop and construct the 100 MW projects, and over 20 companies applied for the rights to develop and construct the 50 MW projects. Yingli was selected to develop and construct one of the 50 MW projects.

"We are pleased to be selected for this high-profile demonstration power plant.  With our strong track record of success in solar PV power plant development and construction, Yingli will make an ideal partner for the new PV demonstration center," commented Mr. Gang Wang, Vice President of Project Development of Yingli. "This represents a major opportunity for us to leverage our advantages in project development and financing and to promote our growing presence in China's downstream solar market."

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:

In China: Qing Miao Vice President of Corporate Communications Yingli Green Energy Holding Company Limited Tel: +86 312 8929787 E-mail: ir@yingli.com

In the Americas: Tori Clifford Director of Marketing Yingli Green Energy Americas Inc. Tel: +1 415 728 0472 Email: tori.clifford@yingliamericas.com 

In Europe: Carolin Stahler Marketing Communications Manager Europe Yingli Green Energy Europe GmbH Email: pr.eu@yingli.com

SOURCE Yingli Green Energy Holding Company Limited



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