BAODING, China, April 12, 2016 /PRNewswire/ -- Yingli Green
Energy Holding Company Ltd. ("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 entered into an exclusivity agreement with an European EPC
Partner ("Partner") to supply solar panels to PV projects that are
expected to be developed and constructed in the Dominican Republic. According to the
exclusivity agreement, Yingli Europe expects to supply up to 200
megawatts ("MW") of solar panels to the Partner. The exclusivity
period will run until mid-2019, during which the commercial terms
are also fixed by the agreement. To date, 50 MW of projects are at
the advanced stage with anticipated construction during 2017 and
the balance of 150 MW is at the preliminary stages of the
development.
"With the European market facing headwinds," said Norman Luth, Project Manager at Yingli Europe,
"we have continued to work alongside our long-term European
Partners to help support the export of European know-how and
experience to emerging markets around the world. This agreement
illustrates the success of this approach underpinned by strong,
flexible and transparent commercial relationships we have invested
in for many years within the European arena."
"The combination of European EPC technical and economic
efficiency, honed over many years in a challenging European market,
and Yingli's leading brand with over 14 gigawatts of proven product
performance in the field creates a potent force for the diffusion
of solar electricity generation infrastructure in emerging
markets," commented Mr. Liansheng
Miao, Chairman and CEO of Yingli. "Such collaborations set
the foundations for a cleaner and greener energy future."
About Yingli
Yingli Green Energy Holding Company Limited (NYSE: YGE), known
as "Yingli" or "Yingli Solar", is
one of the world's leading solar panel manufacturers. Yingli'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 has more than 30 regional
subsidiaries and branch offices and has distributed more than 14GW
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:
Jean Tian
Investor Relations Director
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
E-mail: ir@yingli.com
In the Americas:
Lily Arrieta
Marketing
Communications
Yingli Green Energy Americas
Email: Liliana.Arrieta@yingliamericas.com
In Europe:
Carolin Staehler
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