BAODING, China and MADRID, July 10,
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 is supplying 240 megawatts (MW) of solar
panels for Latin America's two
largest hybrid solar photovoltaic (PV) and concentrated solar power
(CSP) power plants. Both projects, located in northern Chile, will also be equipped with 110 MW of
CSP and 17.5 hours of thermal storage each.
As the power plants' sole PV supplier, Yingli is providing over
780,000 multicrystalline utility-scale YGE 72 Cell solar panels to
the projects, which be installed in two phases. The first phase of
panel deliveries was recently completed, and the second phase will
start in August. The first power plant is expected to be
operational by mid-2016.
Once complete, the PV portion of the solar power plants will
occupy nearly 100,000 acres of land in total. Both projects will be
connected to the national utility grid and deliver an uninterrupted
power supply to commercial, industrial, and residential customers
throughout Chile, offsetting
approximately 385,000 tons of carbon emissions each year.
"We are pleased to be the exclusive solar PV panel provider for
the two largest hybrid solar power plants in Latin America," said Mr. Fernando Calisalvo, Managing Director of Yingli
Green Energy Spain. "We believe that supplying projects of this
magnitude and significance will cement our leadership position in Latin America, one of the world's highest
potential emerging markets."
Mr. Liansheng Miao, Chairman and
CEO of Yingli Green Energy commented, "Our demonstrated ability and
proven experience supplying large-scale hybrid solar power plants,
including the projects announced today as well as PV-diesel
systems, will be a compelling differentiator for Yingli. Demand for
these innovative applications is growing, especially in emerging
markets, and we are committed to meeting that demand worldwide with
our high quality products."
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's control,
which may cause Yingli'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's filings with the
U.S. Securities and Exchange Commission. Yingli 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