BAODING, China, and MEXICO
CITY, June 24, 2015
/PRNewswire/ -- Yingli Green Energy Holding Company
Limited ("Yingli") (NYSE: YGE)*, one of the world's leading
solar panel manufacturers, today announced that it will supply 40
megawatts (MW) of solar panels to Sybac Solar, a major global solar
integrator, for two power plants in Honduras: the Pacific Solar project, located
in Nacaome, and the La Manzanilla
y Las Lajas project, located in
Choluteca.
Yingli is currently delivering 25 MW for the first phase of the
50 MW Pacific Solar project, which was developed by EM-Power
Corporacion, a Guatemala-based
Central American renewable energy company. The first phase is
expected to begin operating in August
2015 and the second phase is expected to come online in
2016. Once complete, the power plant will contain at least 160,000
high-performing, multicrystalline YGE 72 Cell Series panels, which
are engineered specifically for large-scale utility projects.
Separately, Yingli is also delivering 15 MW of these YGE 72 Cell
Series solar panels for the first tranches of the La Manzanilla y Las
Lajas project, which was developed by Energys de Honduras
S.A. de C.V. Once complete, at least 96,000 Yingli Solar panels will be installed in this
utility-scale system.
Mr. Markus Falz, Chief Executive Officer of Sybac Solar,
commented, "Yingli has proved to be an excellent partner and
reliable supplier since we first cooperated on the 24 MW Pavana
Solar Park, also located in Honduras. We have the utmost confidence in
their team's ability to meet our projects' unique, complex
challenges. We value our long-term partnership, and look to Yingli
as a preferred supplier for the remainder of our project pipeline
in Central America and the
Caribbean. "
"With top quality products, and excellent customer service,
Yingli was ready to solve all the specific needs of our project,"
stated Mr. Fernando Paiz, President
and chairman at EM-Power Corporacion. "We will certainly include
Yingli´s collaboration as an important component of our future PV
developments throughout the region."
"By developing strong relationships with Central America's top solar integrators,
including Sybac Solar, Yingli has become a dominant supplier of
large-scale projects in the region," said Mr. Jeffrey Barnett,
Vice President of International Sales of Yingli Green Energy
Americas. "We credit our unique partnership approach and dedicated
local team for our rapid rate of expansion throughout Central and
South America."
Mr. Liansheng Miao, Chairman and
Chief Executive Officer of Yingli Green Energy, remarked, "By
investing in highly sophisticated regional operations for key
emerging markets like Latin
America, we have differentiated Yingli as the supplier that
truly understands local market requirements and can provide
superior service. This strategy is bearing fruit in Central America, particularly as markets
mature, solar-friendly policies are legislated, and larger projects
become the norm."
*Yingli Green Energy Holding Company is also known as "Yingli
Green Energy" and markets its products under the brand name
"Yingli Solar."
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.
About Sybac Solar
Sybac Solar develops, engineers, builds, owns and operates solar
PV facilities in the United States and Latin
America. Sybac is one of the largest solar integrators in
the South East United States and has a proven track
record of successful project development.
Sybac Solar was established in 2009 and is headquartered
in Orlando, Florida. Sybac
Solar retains in-house development, engineering, and construction
management teams, minimizing the need to subcontract these services
and ensuring a highly efficient development cycle. The
company's experienced leadership team emphasizes attention to
detail and customer service in all phases of the development
process. For more information,
visit www.sybacsolar.com.
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@yinglisolar.com
In Europe:
Carolin
Stahler
Marketing Communications Manager
Europe
Yingli Green Energy Europe GmbH
Email: carolin.staehler@yingli.com
In the Americas:
Tori Clifford
Director
of Marketing
Yingli Green Energy Americas Inc.
Tel: +1-301-717-6796
Email: tori.clifford@yingliamericas.com
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SOURCE Yingli Green Energy Holding Company Limited