BAODING, China, July 1, 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 Energy (China) Company
Limited ("Yingli China") has
completed a 50 megawatt (MW) "Top Runner" project in Datong City,
Shanxi Province, China and
connected it to the grid by the end of June
2016. Yingli China was
selected to develop and construct the project in July 2015.
As part of the "Top Runner" program of
China's National Energy Administration (NEA), the project is
located in the coal-mining subsidence areas in Datong, Shanxi Province, which is the first National
Advanced PV Technology Demonstration Base. The project utilized
Yingli's TwinMAX 60 Cell bifacial series module, a frameless dual
glass module that integrates Yingli's cutting-edge PANDA (n-type
monocrystalline solar cell) technology which leads to a module
efficiency of up to 18.8%. The project is expected to generate over
80 GWh of electricity per year, which is enough to power
approximately 37 thousand typical households and equivalents to
offsetting over 50 thousand tonnes of carbon emission annually.
"We are honored to complete the 50 MW 'Top Runner' project and
utilize our TwinMAX bifacial series module in the project, which
required a high standard for power output and quality," commented
Mr. Liansheng Miao, Chairman and
Chief Executive Officer of Yingli. "This demonstrates the strong
competitiveness of our products and we strive to continue our
commitment to the development of advanced PV products with the
mission of making solar energy affordable and accessible for
everyone."
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 15GW 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