BAODING, China and MADRID, Spain, Feb. 21, 2017 /PRNewswire/ -- Yingli Green Energy Holding Company Ltd. ("Yingli" or "Yingli Solar") (NYSE: YGE), one of the world's leading solar panel manufacturers, today announced that its wholly owned subsidiary, Yingli Green Energy Spain, S.L.U ("Yingli Spain") has signed a 50.6 MW solar panel supply agreement with X-ELIO, a leading Spanish developer and operator of utility-scale PV systems.
The agreement is for two Japan solar power plants: the first one is called Hayato, which will install more than 52,650 pieces of YL320P-35b multi-crystalline solar panels and has a capacity of 16.9 MW; the second is called S-13, which will install more than 127,000 pieces of YL265P-29b multi-crystalline solar panels and has a capacity of 33.7 MW.
The Hayato project is expected to generate 19,700 MWh of clean electricity per year and grid interconnection is expected in December 2017. The S-13 project is expected to generate 39,400 MWh of electricity per year and to be connected to the grid in October 2017. The electricity produced by two projects is equivalent to offsetting more than 30,100 tons of CO2 emissions per year. X-ELIO is the sole proprietor of these two projects.
"This agreement is a solid provement of our strong partnership, in the long term with the key developers and operators, who rely on the quality and comprehensive service provided by Yingli. We aim to keep improving and enhance even further our collaboration with X-ELIO," said Mr. Fernando Calisalvo, the Managing Director of Yingli Spain.
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'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 has more than 30 regional subsidiaries and branch offices and has distributed more than 17GW solar panels to customers worldwide. For more information, please visit www.yinglisolar.com and join the conversation on Facebook, Twitter and Weibo.
X-ELIO (www.x-elio.com) is a company focused on the development, construction, operation and maintenance of solar plants, present in the USA, the Middle East, Japan, South Africa, Latin America, Australia, Southeast Asia, Italy and Spain. In 2015, revenue reached over 186 million Euros, with a total cumulative production exceeding 800 MW. X-ELIO currently runs the operation of 52 solar plants totaling 392 MW across 15 different countries. The group aims to be a leader in the renewable and sustainable energy global industry, with a strong commitment to reducing greenhouse gases emissions and fighting climate change.
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. Potential risks and uncertainties include, but are not limited to, uncertainties as to Yingli Green Energy's ability to meet the standards necessary to maintain listing of its ADSs on the NYSE or other stock exchange, including its ability to cure the non-compliance with NYSE's continued listing criteria in a timely manner or at all. 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:
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
In the Americas:
Yingli Green Energy Americas
Marketing Communications Manager Europe
Yingli Green Energy Europe GmbH
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SOURCE Yingli Green Energy Holding Company Limited