Yingli Solar Continues Expansion in Latin America by Opening New Office in Santiago, Chile

YingliGreen Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" orthe "Company"), the largest vertically integrated photovoltaic ("PV") modulemanufacturer in the world, known as "Yingli Solar", has expanded itsfootprint in the Americas by opening the Company's third Latin Americanoffice in Santiago, Chile. To facilitate the opening of the new office and Yingli's growth in theChilean solar market, Yingli has brought on Mr. Robert Muhn to serve asManaging Director of Yingli Green Energy Chile. Under his leadership, theSantiago office will initially focus on the country's burgeoningutility-scale solar market segment, where Mr. Muhn will build on theCompany's track record of success in supplying large-scale solar plants inLatin America. Thanks to its strong partnerships with leading global projectdevelopers and EPCs operating in Latin America, Yingli has already deployedmore than 25 megawatts (MW) of solar modules in Chile. "Chile is a high-potential solar market and home to some of the strongestsolar irradiation in the world, particularly in the Atacama Desert," notedMr. Robert Muhn, Managing Director of Yingli Green Energy Chile, "While wesee tremendous growth potential in Chile's utility-scale market, we alsoanticipate that the country's relatively high electricity prices and strongsolar resources will provide a foundation for a thriving and sustainabledistributed generation market in the future." As demonstrated by the Company's long-standing presence in the region, theSouth and Central American solar energy markets are a major strategicpriority in Yingli's long-term global development plans. In addition toYingli's permanent offices in Mexico City, São Paolo, and Santiago, theCompany also maintains warehouses and inventory in both Mexico and Brazil,which expedite and streamline regional module deliveries. "Our continued investments in Latin America are a reflection of ourconfidence in this key emerging market's long-term growth potential," saidMr. Jeffrey Barnett, Vice President of International Sales at Yingli GreenEnergy Americas. "Thanks to our strong team of professionals across theregion, we are establishing lasting partnerships with pioneering companiesto help drive the expansion of solar PV across Latin America." Led by Brazil, Chile, and Mexico, the Latin American region is expected toinstall over 700MW of solar panels in 2014, according to GTM Research.Industry analysts also predict that solar demand in the region will exceedone gigawatt in 2015 and achieve a 50% annual growth rate for the nextseveral years.