Showing posts with label NYSE: YGE. Show all posts
Showing posts with label NYSE: YGE. Show all posts

Monday, October 22, 2012

Yingli Green Energy Announces "Kick it with the Champions" Sweepstakes to Celebrate the U.S. Women's National Soccer Team's Historic Victory in London


BAODING, China and SAN FRANCISCO, Oct. 22, 2012 /PRNewswire-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 the launch of its"Kick it with the Champions" sweepstakes. Open to the public, the winner and ten friends will receive a private soccer clinic led by two (2) members of the U.S. Women's National Soccer Team. As the first renewable energy company to partner with U.S. Soccer, Yingli Green Energy is hosting the sweepstakes to increase awareness of residential solar options, and to celebrate the U.S. WNT's historic victory this summer in London.

Soccer fans can enter for a chance to win the backyard clinic at www.kickitwiththechamps.com. All contest entrants must be over 18 years of age, though persons under age 18 may participate. Weather and location will be taken into consideration; off-site and indoor options are available.

"There is significant overlap between the rapidly expanding soccer and solar markets in America.  In fact, the top four solar states are also where the top soccer fans are located," said Helena Kimball, Yingli Green Energy Americas' Head of Marketing. "Many consumers and homeowners do not realize how affordable solar energy has become. With the rise of third-party financing, more people qualify for zero-to-little money down options for their homes. This sweepstakes is a great way to boost awareness, and to support our national sports heroes."

"We believe in giving back to our future generations through access to clean energy, and through healthy lifestyle choices like soccer," commented Robert Petrina, Managing Director of Yingli Green Energy Americas. "We hope that the 'Kick it with the Champions' sweepstakes is an inspiration to fans and athletes across the U.S., and we look forward to sharing our passion with the lucky winner and their friends."

The online sweepstakes is open until Tuesday, December 18th, at 11:59 p.m. ET. The winner will be drawn on or about December 28th, and the backyard clinic will be staged in the spring of 2013, depending on the winner's location. For full contest rules and to enter to win, please visit www.kickitwiththechamps.com.

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, from 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.



Friday, October 19, 2012

Yingli Green Energy to Hold 2011 Annual General Meeting on November 19, 2012


BAODING, China, Oct. 19, 2012 /PRNewswire-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 will hold its 2011 annual general meeting ("AGM") at 2:30 PM China Standard Time ("CST") on November 19, 2012. The AGM will be held at 3399 North Chaoyang Avenue, Baoding 071051, People's Republic of China. Shareholders registered in the register of members at the close of business on October 18, 2012 are entitled to receive notice of, and vote at, the AGM or at any adjournment that may take place. Beneficial owners of the Company's American Depositary Shares ("ADSs") who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company's ADS program, JP Morgan Chase Bank, N.A.

The notice of AGM, the Proxy Card, the Proxy Statement and a copy of the Company's 2011 Annual Report are available on the Investor Relations section of the Company's website at www.yinglisolar.com.

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, from 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.



Wednesday, September 26, 2012

Yingli Green Energy Rejects Accusations of Illegal Subsidization


BAODING, China, Sept. 26, 2012 /PRNewswire-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 ("PV") manufacturers, which markets its products under the brand "Yingli Solar", strongly rejects accusations contained in an anti-subsidy complaint filed by EuProsun, an initiative of European solar companies led by SolarWorld, which was submitted at the European Commission yesterday.

"As a publicly-traded company listed on the New York Stock Exchange, we have been fully transparent with our funding sources and cost. We receive financing at the usual market rates and act according to international accounting standards and norms. Between 2009 and 2011, the weighted average interest rates for all of our borrowings ranged from 6.3% to 7.1%. Furthermore, we do not and have never received any illegal subsidies from the government. Our success is based on our focus on innovation, investment in state-of-the-art machinery and equipment and long-term partnerships built on trust," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

"Solar PV has demonstrated the potential to become a major source of clean energy generation – not only in Europe but worldwide. Punitive tariffs will inevitably lead to higher prices for solar products threatening thousands of jobs in the industry, in particular small and medium-sized companies and craftsmanship in Europe will be hit hard," said Darren Thompson, Managing Director, Yingli Green Energy Europe GmbH.

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, from 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.



Tuesday, September 18, 2012

Yingli Green Energy Partners with Solar 360 in Australia


BAODING, China and SYDNEY, Sept. 18, 2012 /PRNewswire-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 one of its wholly-owned subsidiaries, Yingli Green Energy Australia Pty. Ltd. ("Yingli Australia"), has signed a Master Distributor Agreement (the "Agreement") with Solar 360 Pty Ltd. ("Solar 360") to appoint Solar 360 as a sales partner in Australia. According to the Agreement, Solar 360 will sell and promote 30 MW of Yingli Solar modules in Australia in the following 12 months through a unique "Accredited" dealer network of up to 100 accounts across all geographic regions of Australia.

"We are pleased to welcome Solar 360 as a key business partner in the Australian marketplace," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "The executive team at Solar 360 has both the necessary Australian Solar experience and broad brand experience to assist us in building a sustainable Yingli Solar presence in Australia."

Mr. Lucas Sadler, Managing Director of Yingli Australia, commented, "Our negotiations with Solar 360 have been about addressing our desire to create an 'Install with care, Install Yingli' accredited dealer network which is focused on local community engagement through best practice installations."

"The Solar 360 team recognized the professional approach Yingli Australia has taken in this market and we have been developing systems and a business plan to support Yingli's Accredited dealer network in Australia," said Mr. Michael Anthony, Director of Solar 360.

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, form 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.

About Solar360

Solar 360 Pty Ltd. supplies wholesale solar equipment from panels and inverters to complete kits and accessory packs across performance categories. The company's warehouses are located in most capital cities across Australia and they deliver Australia wide from those warehouses. For more information, please visit www.solar360.com.au.

About Accredited Dealer Network

Yingli Green Energy's Accredited Dealer Network managed by Solar 360 is set to become Australia's premier program for accredited solar installers. The initiative is aimed at encouraging quality and professional practices. Solar 360 provides the tools, methods, support, training and supplies to support the model. The program is designed to provide a range of benefits to dealers that enable them to compete successfully in the solar market place with a growing list of smart business services delivered by a team of highly qualified individuals who are committed to their success. For more information, please visit www.solar360.com.au.

PR Newswire (http://s.tt/1nEKJ)

Wednesday, September 12, 2012

Yingli Green Energy Hosted Annual Global Investor Day 2012


BAODING, China and ORLANDO, Fla., Sept. 12, 2012 /PRNewswire-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 ("PV") manufacturers, which markets its products under the brand "Yingli Solar", today announced that the Company has successfully hosted its third annual global investor day in Orlando, Florida, on Tuesday, September 11, 2012.

At the event, representatives of Yingli Green Energy' management team delivered presentations on a range of subjects:

"An Industry at the Crossroads"
Mr. Bryan Li, Executive Director and Chief Financial Officer of Yingli Green Energy

"Technology Innovations----Key to Open the Future"
Dr. Dengyuan Song, Chief Technology Officer of Yingli Green Energy

"Market Update: Europe & the Americas"
Mr. Robert Petrina, Managing Director of Yingli Green Energy Americas

The presentation slides are available on the Investors section of the Company's corporate website.

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, form 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.

Tuesday, September 11, 2012

Yingli Green Energy Launches UL Certified 1,000 Volt Utility-Scale Modules


BAODING, China and SAN FRANCISCO, Sept. 11, 2012 /PRNewswire-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 ("PV") manufacturers, which markets its products under the brand "Yingli Solar", today announced that it is among the first solar PV manufacturers to introduce a 72 cell solar PV module certified by Underwriters Laboratories ("UL") for a maximum system voltage rating of 1,000V. This new product, marketed under the name "YGE-U 72 Cell," will be displayed at the Solar Power International Tradeshow in Orlando, Florida from September 10, 2012 through September 13, 2012 at the Yingli Green Energy booth, #2416.

Specifically designed for the utility-scale market, the YGE-U 72 Cell module lowers balance-of-system costs by decreasing the required number of wire runs and combiner boxes. The module also allows increased maximum system voltage, which improves system performance by reducing resistive losses. The end result is increased PV system energy yield.

In addition, Yingli Green Energy's new industry-leading linear performance warranty applies to all YGE-U 72 Cell modules. This linear performance warranty guarantees nine percent more power output over the module's lifetime than Yingli Green Energy's standard step warranty, providing confidence to project stakeholders and facilitating access to debt financing.

Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy, commented, "The North American market is a strategic priority for Yingli Green Energy, and we are committed to expanding the rapidly growing utility-scale segment.  We are pleased to offer modules tailored to our utility customers, who require the utmost in performance and reliability."

Robert Petrina, Managing Director of Yingli Green Energy Americas, added, "Industry analysts predict up to 60% growth in the North American utility-scale solar market by 2013. By introducing the YGE-U 72 Cell Series, Yingli Americas is positioned to take first-mover advantage of this growth. Our module enhances utility-scale projects' profitability by simplifying the permitting process, boosting performance and reducing balance-of-systems costs."

"As the preferred independent testing and certification organization headquartered in the United States, earning UL certification is a significant achievement. State and local building and electrical authorities in the U.S. instantly recognize and confidently accept the UL Mark as a sign of safety and quality," said Ms. Evelyn Butler, Global Business Director of UL's Energy and Fueling Systems businesses.

The YGE-U 72 Cell Series is fully compatible with single-axis solar tracking systems manufactured by Array Technologies, the world's leading supplier of solar tracking equipment. Ron Corio, President and CEO of Array Technologies, commented, "It is crucial for solar PV module manufacturers to develop products that meet the specific technical requirements of large-scale project developers, including solar tracking compatibility. Yingli Green Energy is progressive in meeting the needs of the utility PV marketplace."

The YGE-U 72 Cell module is now commercially available in the United States and Canada. Please visit www.yinglisolar.com/us/products for further information.

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, form 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.

About UL

UL is a premier global independent safety science company with more than 118 years of history.  Employing more than 9,000 professionals in over 100 countries, UL has five distinct business units -- Product Safety, Environment, Life & Health, Knowledge Services, and Verification Services - to meet the expanding needs of our customers and to deliver on our public safety mission.  Additional information about UL may be found at UL.com.



Tuesday, August 07, 2012

Yingli Green Energy Appoints Ledico as Exclusive Distributor in Israel Market

BAODING, China, Aug. 7, 2012 /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 the Company has appointed Ledico Ltd. ("Ledico") as its exclusive sales partner in Israel. According to the partnership agreement, Ledico will sell and promote Yingli Solar modules in Israel.

"We are pleased to select Ledico as our exclusive sales partner in Israel," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We are confident that this partnership will facilitate our sales expansion in Israel by delivering our high quality products and comprehensive services to local customers."

"We are excited to have the chance to represent a strong leading company like Yingli Solar," said Mr. Rabinowicz Yehuda, CFO and Business Development Manager of Ledico Ltd. "The Israeli market is significantly growing and we have opened a dedicated operation to meet this demand. Combining our high level of service and leading position in the Israeli market with Yingli's high quality modules and comprehensive services, we believe this partnership will help us to strengthen our leading position in the PV market and expand Yingli's market share in Israel."

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. Currently, Yingli Green Energy maintains a balanced vertically integrated production capacity of 1,850 MW per year. Capacity expansion projects of an additional 600 MW in total are under construction in Baoding, Haikou, Tianjin and Hengshui, which are expected to increase the Company's total nameplate production capacity to 2,450 MW by the end of 2012. Yingli Green Energy distributes its photovoltaic modules to a wide range of markets, including Germany, Spain, Italy, Greece, France, South Korea, China 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.

About Ledico

Ledico Ltd. is a privately owned company established in 1965 as the representative in Israel for the German-based corporation Robert Bosch, and today represents over 30 global leading companies. Ledico imports, markets, distributes and services a wide range of products and technologies for industrial and home use. Ledico Group operates in the following fields of activity: Power tools, automotive, elevators and escalators, industrial technologies, security technology, renewable energy and energy saving. For more information, please visit www.ledico.com.



Monday, August 03, 2009

Yingli Green Energy Appoints Director of Corporate Development and Legal Counsel

BAODING, China, Aug. 3 /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced the appointment of Ms. Jingyi Judy Tzeng as Director of Corporate Development and the appointment of Mr. Zhuo Arthur Chen as Legal Counsel.

Ms. Tzeng will play an important role in defining and implementing the Company's business strategies and developing partnerships that will increase the Company's product reach and create additional revenue opportunities. Prior to joining Yingli Green Energy, Ms. Tzeng served as assistant vice president at Piper Jaffray & Co., a leading international middle market investment firm, for approximately four years. Her investment research work covers a wide range of solar related companies as well as other alternative energy, clean technology, renewable energy companies in China. Ms. Tzeng received her dual bachelor's degrees in business administration and Japanese from the University of California at Berkeley in the United States.

Mr. Chen will provide counsel to the management team and the Board of Directors of the Company on various legal issues, serve as liaison with outside counsel and be closely involved in further business expansions. Prior to joining Yingli Green Energy, Mr. Chen served as a corporate associate at Fried, Frank, Harris, Shriver & Jacobson LLP, a leading international law firm. He has represented many renowned corporations and financial institutions in securities offerings, mergers and acquisitions, as well as general corporate matters. Mr. Chen is a New York qualified attorney. He received his dual bachelor's degrees in law and international relations from Peking University in China and an LL.M. degree from Harvard Law School in the United States.

"We are delighted to welcome Judy and Arthur to the Yingli team," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We have known Judy since the Company went public. She has deep industry knowledge and extensive financial expertise. Most importantly, she has achieved a solid understanding of our business model, strategy and operations during her work as a solar analyst. Arthur brings his proven legal intellect and valuable experience to the process of innovating and perfecting our products and services. We look forward to utilizing his expertise to grow our global business with enhanced precision and speed. We believe Judy and Arthur will make valuable contributions to the Company's growing strategy."

Wednesday, July 22, 2009

Yingli Green Energy Expands Its Footprint in the China Market

BAODING, China, July 22 /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced its recent business developments in the China market.

China Market Business Updates

Yingli Green Energy hosted a forum in Baoding, the first of its kind in China, to discuss the establishment of industry standards and project financing in connection with the construction of on-grid solar plants in China. In attendance at the event were senior managers and representatives from more than forty state-owned utilities companies, state grid corporations, project design and development companies and the local government. The Company also announced the establishment of a strategic alliance with a subsidiary of China Guangdong Nuclear Power Holding Co., Ltd. ("CGNPC") to explore the opportunities for development of on-grid solar projects both in China and overseas markets.

Expansion Activities in Hainan Province

Yingli Green Energy has agreed with Hainan Provincial Development Holding Company Limited ("Hainan Development"), a state-owned enterprise, to form a joint venture, Hainan Yingli New Energy Resources Co., Ltd. ("Hainan Yingli"), to build manufacturing facilities with annual production capacity of 100 MW in each of polysilicon ingots and wafers, PV cells and PV modules in Haikou, Hainan Province. Under the agreement, Yingli Green Energy will hold an 80% equity interest in Hainan Yingli. The establishment of Hainan Yingli will be subject to the approval of Yingli Green Energy's board of directors.

In addition, Yingli Green Energy has agreed with Hainan Development and Hainan Provincial Water Conservancy & Power Group Company Limited, a state-owned enterprise in Hainan Province, to form another joint venture, Hainan Green Islands Power Company Limited ("Green Islands Power") to develop and operate on-grid solar projects in Hainan Province. Under the agreement, Yingli Green Energy will hold a 20% equity interest in Green Islands Power. It is expected that Green Islands Power will develop on-grid solar projects totaling up to 300 megawatts from 2009 to 2011 in Hainan Province.

"We are very excited to be participating in the development of China's PV industry," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Following the launch of China's PV incentive policies, including the Ministry of Finance's announcement yesterday of the Golden Sun Demonstration Program, a subsidy program for the PV industry in China, and the kick-off of the construction of a 10 MW on-grid solar plant in Dunhuang, we expect there will be many additional near-term opportunities in the China market. As one of the world's leading PV players and a pioneer in China's domestic PV industry, we are actively seeking opportunities to expand our market footprint through cooperation with provincial and municipal governments as well as leading utilities companies."

Mr. Miao continued, "As such, we are particularly excited about our expansion into Hainan Province, an area rich in solar resources and benefiting from strong local government support. Our newly proposed joint ventures, Hainan Yingli and Green Islands Power, will be the province's first PV manufacturer and PV project integrator, respectively. As a renewable energy company, we are dedicated to driving the viability of PV applications and supporting sustainable development worldwide and we see these recent moves in the China market as natural extensions of our growth strategy and corporate mission."

About Yingli Green Energy

Yingli Green Energy Holding Company Limited (NYSE: YGE) is one of the world's leading vertically integrated PV product manufacturers. Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis. Based in Baoding, China, Yingli Green Energy sells its PV modules to system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, South Korea, Belgium, France, China and the United States. For more information, please visit http://www.yinglisolar.com .