From the Wires
Yingli Green Energy Powers Tibetan Families with Off-grid PV Systems
By: PR Newswire
Dec. 27, 2012 05:00 AM
BAODING, China, Dec. 27, 2012 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which markets its products under the brand "Yingli Solar," today announced that its wholly-owned subsidiary Yingli Energy (China) Company Limited ("Yingli China") has partnered with Longyuan (Tibet) New Energy Company Limited ("Longyuan") to supply 22,209 sets of off-grid PV systems to families with limited access to electricity in Tibet.
In addition, Yingli China has supplied an extra 12 MW of PV modules for a Chinese customer who also cooperates with Longyuan to provide off-grid PV systems to Tibetan families. These modules are expected to power more than 48,000 families in this area.
"We are honoured to partner with our customers in China to bring solar electricity to families in Tibet," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "As a leading renewable energy company, Yingli has been firmly committed to corporate social responsibility. Powering these families with our high performance off-grid systems integrates our mission of providing affordable green energy for all."
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), which markets its products under the brand "Yingli Solar," is a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers. Yingli Green Energy's manufacturing covers the entire photovoltaic value chain, from the production of polysilicon through ingot casting and wafering, to solar cell production and module assembly. In August 2012, Yingli Green Energy reached a balanced vertically integrated production capacity of 2,450 MW per year at its production facilities located in Baoding, Haikou, Tianjin and Hengshui, respectively. Yingli Green Energy distributes its photovoltaic modules to a wide range of markets, including Germany, Spain, Italy, Greece, France, South Korea, China, Japan and the United States. Headquartered in Baoding, China, Yingli Green Energy has more than 20 subsidiaries and branch offices worldwide. Yingli Green Energy is publicly listed on the New York Stock Exchange (NYSE: YGE). For more information, please visit www.yinglisolar.com.
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.
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SOURCE Yingli Green Energy Holding Company Limited
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