Yingli Green Energy Hosts Third Annual Customer Conference

BAODING, China, Oct. 20 /PRNewswire-Asia-FirstCall/ -- 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 it is hosting its third annual customer conference (the "Conference") at its Hainan facility between 20-22 October, 2010. On the first day of the Conference, the Company unveiled its roadmap for mono-crystalline cell conversion efficiency and also announced that, as the date of this press release, it has secured 445 MW PV module sales contracts for delivery in 2011.

Highlights from the Conference

Present at the Conference on the first day were more than 300 customers, business partners and representatives from PV industry associations and commercial banks.

Mr. Xiangdong Wang, Director and Vice President of Yingli Green Energy, delivered the opening address highlighting the theme of the Conference, which is "Quality, Brand and Responsibility". "We wanted to emphasize again that product quality is our top priority as always; brand promotion is a key to success and that corporate social responsibility is our long term mission."

Mr. Guoliang Li, Vice Governor of Hainan Province, announced that the provincial government will continue to provide strong support for the PV applications in Hainan with optimal natural sunlight conditions. Mr. Li also thanked the Company's contribution to the development of Hainan Province's clean energy industry and international tourism destination construction.

Unveiled Roadmap for PANDA Mono-crystalline Cell Conversion Efficiency

Dr. Dengyuan Song, Chief Technology Officer of Yingli Green Energy, unveiled the Company's roadmap for PANDA mono-crystalline cell conversion efficiency as follows. Based on the current average cell conversion efficiency of 18.5% achieved on the commercial production lines, the Company expects to increase the figure to 20% in 2012. Currently, the Company has achieved a new record cell efficiency of 19.49% on its trial production lines with third party verification from the Fraunhofer Institute for Solar Energy Systems ISE in Germany.

445 MW PV Module Sales Contracts Secured for 2011 Delivery

The Company also announced that, as the date of this press release, it has entered into sales contract under which a total of 445 MW of PV modules are expected to be delivered in 2011. Customers under the majority of these contracts are required to make prepayments to the Company to ensure committed delivery in 2011.