BAODING, China, March 16, 2015 /PRNewswire/ -- Yingli Green
Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy"
or the "Company"), one of the world's leading solar panel
manufacturers, known as "Yingli
Solar," today announced that it has begun construction of a
50 megawatt (MW) solar power plant on former mining lands in in
Huangshi City, Hubei Province,
China. It is the first project
developed by Yingli on land that has been degraded by mining
activities.
The 50 MW power plant occupies over 100 hectares of land in
western Huangshi City, a region known for its rich mineral
resources and extensive mining operations. The project will contain
about 170,000 YGE 72 Cell Series multicrystalline solar panels that
are expected to generate approximately 55,000 megawatt-hours (MWh)
of clean electricity annually, which will offset the consumption of
nearly 22,000 tons of coal and the emission of over 50,000 tons of
carbon into the atmosphere. The system is scheduled to interconnect
with the local utility grid and begin operations in the fourth
quarter of 2015.
Huangshi City was designated a pilot city for the reclamation of
abandoned mining lands and former industrial sites by China's Ministry of Land and Resources in
January 2013. Therefore, the power
plant will serve as a key demonstration project for the integration
of solar power into land revitalization programs across
China. To help showcase the unique
value solar power brings to land reclamation efforts, Yingli also
plans to develop an educational visitor's center near the project
site.
"This highly replicable project shows how solar power can be
integrated into ecological restoration programs, stimulating the
local economy and providing clean power to the community while
simultaneously aiding in land revitalization," commented Mr.
Liansheng Miao, Chairman and Chief
Executive Officer of Yingli Green Energy. "We're pleased that our
first project on degraded mining lands will deliver concrete
economic and environmental benefits to the surrounding
community."
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 10 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
Stähler
Marketing Communications Manager Europe
Yingli Green Energy Europe GmbH
Email: carolin.staehler@yingli.com
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SOURCE Yingli Green Energy Holding Company Limited