BAODING, China, Nov. 2,
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 wholly owned subsidiary, Yingli Green
Energy Europe GmbH ("Yingli Europe")
has partnered with Motif Proje ve Insaat Ltd. Sti ("Motif Proje"),
one of Turkey's first renewable
energy consulting partners, to develop a 20 megawatt (MW) PV
project pipeline in Turkey. Motif
Proje focuses on developing solar projects and has already
implemented several reference projects in the region.
The two companies' first jointly developed 10 MW project
portfolio is located across 4 sites covering approximately 18
hectares in western Turkey.
Development is now underway and construction is expected to begin
in Q2 of 2016. Yingli and Motif Proje also intend to collaborate on
an additional 10 MW pipeline in Turkey, which they expect to complete by the
end of 2016.
"Turkey is an extremely
promising market for solar project development due to its growing
demand for electricity, large population of over 75 million people,
and high levels of solar irradiation. There are currently 200 MW of
PV projects under construction and additional 5 GW under
application in Turkey," said Mr.
Anian Schreiber, Turkey Project
Manager of Yingli Europe. "With the
support of Motif Proje, we can rapidly scale our development
activities in this high-potential market."
"We are delighted to partner with Yingli because of their
expertise and strong track record of success in entering emerging
markets as both a developer and PV supplier," said Mr. Deniz Selkan
Polatkan, Managing Director of Motif Proje. "Yingli is an ideal
partner in our mission to build a sustainable solar business in
Turkey. We are confident that
patient and sustainable companies will be successful in the Turkish
PV market."
"Motif Proje's deep understanding of the local market and
country requirements will help Yingli strategically grow its
presence in Turkey," commented Mr.
Liansheng Miao, Chairman and CEO of
Yingli Green Energy. "We are pleased to collaborate Motif Proje and
look forward to further expanding our joint project pipeline."
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 Motif Proje ve insaat Ltd. Sti.
Motif Proje was founded in 1995 in Turkey as one of the first consulting partners
for renewable energy and has established a specialized engineering
company dedicated to facilitating the rapid development of
renewable energy in Turkey.
Motif Proje has already successfully developed over 20 MW of
projects across Turkey and
continues to explore the promising license-free sector for projects
of less than 1 MW.
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