BAODING, China, Sept. 12, 2016 /PRNewswire/ -- Yingli Green
Energy Holding Company Limited (NYSE: YGE) ("Yingli Solar" or "Yingli"), one of the world's
leading solar panel manufacturers, today announced that its wholly
owned subsidiary, Yingli Green Energy Americas (Yingli Americas)
and Picasolar Inc. are the recipients of a prestigious SunShot
award from the Department of Energy to advance Picasolar's
innovative Hydrogen Super Emitter (HSE) into pilot production.
The U.S. Department of Energy SunShot Initiative is a
collaborative national effort that aggressively drives innovation
to make solar energy fully cost-competitive with traditional energy
sources before the end of the decade. Through SunShot, the Energy
Department supports efforts by private companies, universities, and
national laboratories to drive down the cost of solar electricity
to $0.06 per kilowatt-hour. Picasolar
has previously received two SunShot awards to develop the novel
selective emitter approach for n-type solar cells.
The HSE process enables higher efficiency while reducing the
amount of silver required during cell production. Laboratory
demonstrations verified by a third party have shown over 1%
absolute efficiency improvements while eliminating 15% of the
silver grid lines. This collaborative SunShot project will combine
Yingli's world class manufacturing expertise with Picasolar's award
winning technology and will result in a pilot demonstration in
2017.
"Yingli is committed to delivering the highest performance
modules at the best cost for consumers. Continued development of
advanced solar cell technologies is a big part of achieving this
goal," commented Sergiu Pop,
Director of Strategic R&D for Yingli Americas. "Successfully
completing this project will result in additional competitive
advantages for Yingli and we are very excited to be working with
Picasolar."
"Picasolar is thrilled to be working with Yingli and we are
impressed by their commitment to long term value creation through
technology development," said Douglas
Hutchings, CEO of Picasolar. "Even the world's best
technology doesn't have an impact unless it makes into
manufacturing. Working with the team at Yingli we can help ensure
that this technology gets to 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 module manufacturers. Yingli Green Energy's
manufacturing covers the photovoltaic value chain from ingot
casting and wafering through solar cell production and solar PV
module assembly. Headquartered in Baoding, China, Yingli Green Energy has more than 30
regional subsidiaries and branch offices and has distributed more
than 15 GW solar PV modules to customers worldwide. For more
information, please visit www.yinglisolar.com and join the
conversation on Facebook, Twitter and Weibo.
About Picasolar
Picasolar is a leading provider for advanced solar cell
technologies. Headquartered in the Arkansas Research and Technology
Park in Fayetteville, Arkansas,
Picasolar focuses on high impact R&D for the solar industry.
Picasolar's mission is to enable cost competitive solar
manufacturing for every geography. For more information,
please visit www.picasolar.com and join the conversation on
Facebook.
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:
Eric Pan
Investor Relations
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
E-mail: ir@yingli.com
In the Americas:
Lily Arrieta
Marketing
Communications Manager Americas
Yingli Green Energy Americas
Email: Liliana.Arrieta@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