BAODING, China, April 23, 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
Pakistan's Parliament House will
be powered by 1 megawatt (MW) of high efficiency multicrystalline
Yingli Solar panels. The project was fully funded by the Chinese
government, and was inaugurated by the
leaders of China and Pakistan on Tuesday, April 21, 2015.
The Yingli Solar system is expected to generate approximately
1.6 million kilowatt-hours of solar electricity annually,
offsetting approximately 2,500 tons of carbon dioxide emissions. It
is anticipated that the system will be completed by the end of
June 2015, and that it will reduce
the building's electricity costs by up to Rs28 million (USD27
thousand) per annum. China Railway 17th Bureau Group Co.,
Ltd. is in charge of the engineering, procurement and construction
of the project and the Company will supply its YGE 60 Cell Series
panels for the project.
"We are delighted to make this breakthrough in Pakistan's emerging solar market and help
Pakistan's Parliament House to go
green alongside our partners," commented Mr. Liansheng Miao, Chairman and Chief Executive
Officer of Yingli Green Energy. "It is an honor to contribute to
these two countries' efforts to strengthen their relationship, and
this project is sure to help Yingli solidify its reputation and
intensify its development in the market."
With abundant solar radiation resources and a severe electricity
shortage, there is huge potential for solar energy in Pakistan, where the energy mix is currently
dominated by oil and gas. Pakistan's government introduced a
feed-in-tariff (FiT) scheme at the beginning of 2014, which applied
to solar power plants of between 1 MW and 100 MW capacity with
varying rates in the north and south of the country. The government
also approved a net energy metering system, which allows solar
panel purchasers to sell the power they produce to the national
grid, at the end of 2014.
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:
Qing Miao
Vice President of Corporate Communications
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
E-mail: ir@yingli.com
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SOURCE Yingli Green Energy Holding Company Limited