Yingli Green Energy Announces Significant Progress in Ingot Casting

     Yingli Green Energy Announces Significant Progress in Ingot Casting

PR Newswire

BAODING, China, Jan. 4, 2013

BAODING, China, Jan. 4, 2013 /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 manufacturers, which markets its products under the
brand "Yingli Solar," today announced that its wholly-owned subsidiary Tianjin
Yingli New Energy Resources Company Limited ("Tianjin Yingli") has achieved
significant progress in multicrystalline ingot casting.

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In July 2012, Tianjin Yingli entered into a partnership agreement with
Zhejiang Jingsheng Mechanical & Electrical Company Limited ("Jingsheng") to
develop high-efficiency multicrystalline ingot casting technology based on gas
refrigeration. Through joint efforts of both parties, Tianjin Yingli has
successfully upgraded its furnaces and improved the quality of its ingots.
According to experimental results,the best average conversion efficiency of
cells using wafers from one of the improved multicrystalline ingots reached
17.75%.

"We're pleased to see that our partnership with Jingsheng has led to
significant advancement of multicrystalline ingot casting," said Mr. Liansheng
Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "The
improved technology will allow us to enhance our competitiveness through
reduced consumption of energy and raw materials and improved yield rate. As a
leading renewable energy company, Yingli has been committed to technology and
product innovation, which has enabled us to emerge stronger under the
challenging market conditions."

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
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:

InChina:

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

In theAmericas:

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

InEurope:
Rebecca Jarschel
Marketing Communications Manager
Yingli Green Energy Europe GmbH
Tel.: +4989540303412
Email:rebecca.jarschel@ygee.eu

SOURCE Yingli Green Energy Holding Company Limited

Website: http://www.yinglisolar.com
Website: http://www.prnasia.com/sa/2012/04/01/20120401160439160364.jpg
 
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