BAODING, China, Sept. 24, 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 recently
signed several agreements with Qingdao New Energy Solutions Inc.
(NESI), a leading provider of agricultural and industrial
building-integrated photovoltaic (BIPV) and utility-scale solar
solutions, for the supply of 130 megawatts (MW) of high quality
solar panels. Yingli has begun to deliver the first 30 MW and
expects to complete the delivery by the end of September 2015.
According to the terms of the companies' supply agreements,
Yingli will supply the remaining 100 MW of solar panels by the end
of the second quarter of 2016. These panels will be used in
utility-scale projects, industrial rooftop systems as well as BIPV
agricultural solutions, in Zhejiang, Inner Mongolia, Shandong and other provinces in China.
In total, Yingli will provide NESI with more than 500,000
multicrystalline YGE 60 Cell Series solar panels that are expected
to generate approximately 150,000 megawatt-hours (MWh) of clean
energy per year once operational. The clean energy they produce
will offset about 120,000 tons of carbon emissions annually.
"As a leading supplier of agricultural and BIPV solutions in
China, we are excited to begin our
partnership with Yingli and expect the company to become one of our
preferred suppliers," commented Mr. Shen Jianfei, Chief Operations
Officer of NESI. "In August, NESI announced our collaboration with
several state-owned banks and other entities to establish
China's first agricultural PV
project fund. As such, we intend to gradually increase our exposure
to solar PV assets and hope to continue partnering with Yingli as
we do so."
"We are pleased to begin collaborating with NESI, a
comprehensive solar developer, and believe that together our
companies will drive the adoption of BIPV and agricultural solar
applications in China," commented
Mr. Gang Wang, Vice President of Sales of Yingli Green Energy. "Our
new partnership with NESI exemplifies Yingli's strategic effort to
expand relationships with China's
leading private enterprises, which has resulted in 350 MW of supply
agreements with cash before delivery in 2015. With demand expected
to grow in China through the
second half of 2015, Yingli is focused on expanding our domestic
footprint by strengthening our customer relationships and
continuing to supply our high-quality products to this key
market."
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.
About NESI
Qingdao New Energy Solutions Inc. (NESI), headquartered in
Qingdao, Shandong Province, is a leading provider of
BIPV and agricultural integrated PV solutions in China. By the end of 2014, it completed 230 MW
of distributed rooftop PV projects and began started the
construction of approximately 400 MW agricultural PV greenhouse
projects, throughout 18 provinces in China, including Shandong, Tianjin, Hebei, Shanxi, Inner Mongolia, Zhejiang, Yunnan, etc. In 2015, NESI plans to build 500
MW of agricultural PV greenhouse projects.
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