BAODING, China, June 30, 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 it
completed a bond financing RMB 20
million yuan (USD $3.2
million) for a 4 megawatt (MW) solar project. Yingli's
financing partners for the project are Tianjin Xinhai Financial
Leasing Co., Ltd. (Xinhai Leasing) and Principal Shield
(Xiamen) Financial Technical
Service Co., Ltd. The project bonds are now available for the
Chinese public to invest in online at www.shicaidai.com, the
China-based Internet finance firm
to offer P2B (person-to-business) online financial products,
including loans and wealth management tools.
Located in Hengshui City in China's Hebei
Province, Yingli's 4 MW solar project is now operational.
The installation will generate approximately 6.5 million
kilowatt-hours of solar electricity annually, equivalent to
offsetting the consumption of 2,600 tons of coal and more than
6,700 tons of carbon emissions.
Mr. Liansheng Miao, Chairman and
Chief Executive Officer of Yingli, commented, "We are proud to
announce our project and its innovative financing method, which
empowers individuals to invest in clean power projects while also
providing a safe, flexible, and stable investment income. It's our
goal to begin replicating this approach as our project pipeline
grows, and to eventually build a series of new online financing
products that enable the public to invest in clean energy instead
of fossil fuels."
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
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SOURCE Yingli Green Energy Holding Company Limited