BAODING, China, Sept. 17, 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 its holding
subsidiary, Yingli Energy (Beijing) Company Limited ("Yingli Beijing")
has entered into an agreement with CFC Group Construction Limited
("CFC Construction") to supply 170 megawatts (MW) of solar panels
for utility-scale power plants in China's Hebei
province. It is Yingli's largest solar panel supply agreement to
date in China.
According to the agreement, Yingli will deliver over 650,000
multicrystalline YGE Series solar panels to CFC Construction during
the third quarter and fourth quarter of 2015. The panels will be
installed in power plants located in the city of Zhangjiakou, one
of Hebei province's largest
municipalities. Once operational, the panels are expected to
generate more than 200,000 megawatt-hours of clean energy,
offsetting approximately 120,000 tons of carbon emissions.
Zhangjiakou is an ideal location for the development of solar
power plants due to its abundant solar resources, large industrial
base, and high demand for electricity, so it was selected by
China's State Council to be the
site of the country's first renewable energy pilot zone.
Zhangjiakou also recently won the rights to host the 2022 Winter
Olympic Games together with Beijing, and these new solar power plants will
help provide clean solar power for a green, low-carbon
Olympics.
"CFC Construction is committed to the construction, operation,
maintenance and innovation of solar and wind power plants. To
ensure our power plants' high quality, we only select leading
manufacturers for both solar panels and balance-of-system
components. We have partnered with Yingli for these power plants
because, as one of the world's leading solar panel manufacturers,
Yingli's products meet CFC's demanding product quality
requirements," commented Mr. Chen Jiguang of CFC Construction.
"We are pleased to enter into our largest supply agreement to
date in China with CFC
Construction, one of China's most
competitive construction contractors," commented Mr. Liansheng Miao, Chairman and Chief Executive
Officer of Yingli. "Our highly durable Yingli Solar panels deliver superior performance
in the harsh weather conditions that characterize Zhangjiakou and
its surroundings, and we look forward to broadening access to solar
power in communities across the region thanks to our partnership
with CFC Construction."
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 14 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