Yingli Green Energy and Munich Re Announce Performance Warranty Insurance Agreement

  Yingli Green Energy and Munich Re Announce Performance Warranty Insurance

PR Newswire

MUNICH, Germany and BAODING, China, Dec. 11, 2012

MUNICH, Germany and BAODING, China, Dec. 11, 2012 /PRNewswire/-- 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 a module performance
warranty insurance agreement (the "Agreement") with one of Munich Re's
specialty primary insurers. According to the Agreement, Yingli Green Energy
and Munich Re will provide additional economic security for large-scale
commercial and utility project developers, investors and debt providers. The
Agreement will cover Yingli Green Energy's multicrystalline modules sold from
October 1, 2012 to September 30, 2013.

(Logo: http://www.prnasia.com/sa/2012/04/01/20120401160439160364.jpg)

In the event of an unexpectedly large performance loss below guaranteed
performance specification, Munich Re indemnifies Yingli Green Energy for its
performance warranty obligations. The Agreement covers the 10-year and the
25-year warranty on all multicrystalline Yingli Solar modules. It guarantees
that within ten years multicrystalline Yingli Solar modules exhibit a power
output of no less than 91.2% of the nominal power output specified on the
module's original product label. Furthermore it covers multicrystalline
modules within 25 years exhibiting a power output of no less than 80.7% of the
nominal power output as specified on its original product label.

As an additional feature, Munich Re offers the complementary Option Cover
insurance available to customers of Yingli Green Energy unlocking investment
and financing capital.

"Our state-of-the-art manufacturing lines and choice of suppliers have
conveyed trust and reliability to banks, investors and rating agencies. Our
partnership with Munich Re serves as another powerful edge for differentiation
in a highly-competitive market environment," commented Mr. Liansheng Miao,
Chairman and Chief Executive Officer of Yingli Green Energy.

"This strategic alliance with one of the world's leading insurers represents
an important milestone in the technical and performance de-risking of
photovoltaic projects, thereby lowering the financing barriers that our
customers experience during a business cycle where banks are more
conservative," said Darren Thompson, Managing Director of Yingli Green Energy
International AG.

"As utility scale project sizes continue to grow across the region, we have
secured a module performance warranty insurance policy to support the
reduction in cost of capital that will particularly benefit commercial and
utility scale projects. This exemplifies once more our dedication to customer
support at every stage of project development," said Robert Petrina, Managing
Director of Yingli Americas.

"We are delighted to have concluded this contract to support Yingli in their
forward-looking global growth plan. With our expertise, we can assume very
special renewable energy risks and help provide greater investment security.
We see considerable growth potential in risk transfer solutions for renewable
energy," said Thomas Blunck, member of Munich Re's Board of Management.

In order to obtain further information on both the Corporate Policy and the
Option Policy, please go to: www.munichre.com/gts.

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 at its production 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

About Munich Re

Munich Re stands for exceptional solution-based expertise, consistent risk
management, financial stability and client proximity. Munich Re creates value
for clients, shareholders and staff alike. In the financial year 2011, the
Group - which pursues an integrated business model consisting of insurance and
reinsurance - achieved a profit of €0.71bn on premium income of around €50bn.
It operates in all lines of insurance, with around 47,000 employees throughout
the world. With premium income of around €27bn from reinsurance alone, it is
one of the world's leading reinsurers. Especially when clients require
solutions for complex risks, Munich Re is a much sought-after risk carrier.
For more information, please visit www.munichre.com/gts.

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

In China:

Qing Miao
Vice President of Corporate Communications.
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
E-mail: ir@yinglisolar.com

In the Americas:

Helena Kimball
Head of Marketing
Yingli Green Energy Americas
Tel: +1 603 5915812
Email: helena.kimball@yingliamericas.com

In Europe:

Rebecca Jarschel
Marketing Communications Manager Europe
Yingli Green Energy Europe GmbH
Tel.: +49-89-540-303-412
Email: rebecca.jarschel@ygee.eu

SOURCE Yingli Green Energy Holding Company Limited

Website: http://www.yinglisolar.com
Website: http://www.munichre.com/gts
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