Yingli Green Energy to Power the Largest Solar Plant in Singapore
BAODING, China and SINGAPORE, Oct. 24, 2012
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
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
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
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
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