Yingli Green Energy to Power the Largest Solar Plant in Singapore
BAODING, China and SINGAPORE, Oct. 24, 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", announced today that its wholly-owned subsidiary, Yingli Green Energy Singapore Company Pte. Limited ("Yingli Singapore") will supply 1 MW of multicrystalline PV modules to SolarGy Pte. Ltd. ("SolarGy"), a professional PV system integrator based in Singapore.
Located at the Ulu Pandan NEWater Plant, the 1 MW PV project (the "Project") is owned by K-Green Trust and will be managed by Keppel Seghers NEWater Development Co., Pte. Ltd. ("KSND"). SolarGy is responsible for the engineering, procurement and construction ("EPC") of this project.
When completed in February 2013, the Project is expected to be the largest solar PV installation at one single location in Singapore. The Project will utilize around 4,000 pieces of Yingli 245 Wp high efficiency multicrystalline modules over the roofs of the plantrooms spanning an area of approximately 10,000 square meters. It is estimated that the 1 MW solar power plant will be able to generate approximately 1,200,000 kWh of clean energy a year, equivalent to the average electricity consumption of 250 four-room residential apartments in Singapore.
"Since its opening in 2011, our regional headquarters in Singapore has continuously driven our sales and business development in Southeast Asia," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy."It is a pleasure for us to work with SolarGy and KSND to power the largest solar project in Singapore. We'll continue to build our success in this region and look forward to serving more customers with our high quality products."
Mr Albert Lim, Managing Director of SolarGy Pte Ltd, Singapore, said, "This is by far the single largest PV project in Singapore. We are confident that SolarGy will be able to deliver a high standard using Yingli modules. We are excited about this green project which will have significant contribution in the reduction of carbon footprint and are now proceeding in earnest with the EPC contract."
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.
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:
Director of Investor Relations
Yingli Green Energy Holding Company Limited
In the Americas:
Head of Marketing
Yingli Green Energy Americas Inc.
Marketing Communications Manager
Yingli Green Energy Europe GmbH
SOURCE Yingli Green Energy Holding Company Limited