Yingli Green Energy and GRID Alternatives Renew Long-Standing Partnership
Nearly 1,200 Families and Thousands of Solar PV Job Trainees to Benefit from
Partnership by 2014
BAODING, China and OAKLAND, Calif., Feb. 27, 2013
BAODING,China and OAKLAND, Calif., Feb. 27, 2013 /PRNewswire/ -- Yingli Green
Energy Holding Company Limited(NYSE: YGE) ("Yingli Green Energy" or the
"Company"), a leading solar energy company that markets its products under the
brand "Yingli Solar," today announced that its U.S. subsidiary, Yingli Green
Energy Americas, Inc. ("Yingli Americas") has renewed its strategic
partnership with GRID Alternatives ("GRID"), a non-profit solar installer that
brings renewable energy to low-income communities.
Yingli Green Energy originally teamed up with GRID Alternatives in 2011, when
it became GRID's first and largest official solar module supplier. By the end
of this year Yingli Green Energy will have supplied almost 4 MW of donated and
fair-market value solar modules to GRID. The Partnership will help nearly
1,200 low-income families go solar across California and Colorado, saving them
an estimated $30 million over the systems' lifetimes. In addition, by the end
of 2014, thousands of solar job trainees will have accrued 150,000 hours of
hands-on experience installing PV projects using Yingli Solar modules.
Helena Kimball, Head of Marketing for Yingli Americas, said, "We first decided
to partner with GRID Alternatives because their mission so closely reflects
our own: to provide affordable green energy for all. We are proud to have
already given nearly 1,000 U.S. families the help they need to lower their
utility bills and to put those cost savings towards a better future. We
commend GRID for their dedication, their team, and their success – it's a
GRID Alternatives' mission is to empower communities in need by providing
renewable energy and energy efficiency services, equipment, and professional
training. Since 2004, more than 3,000 low-income families have received no- or
low-cost solar energy systems through GRID. While the non-profit
organization's efforts were initially focused on underserved communities in
California, GRID was able to expand their operations to Colorado in 2012,
thanks to the support of partners such as Yingli Green Energy.
"As our first major manufacturer partner, Yingli has been an invaluable
resource to help us grow both geographically and in the number of families
we've been able to serve," said GRID Alternatives Co-Founder Tim Sears. "We
are thrilled to have Yingli's continued partnership as we expand nationally."
"My husband had been out of work for 18 months," said Valerie Paschell of
Crockett, California, one of the first low-income homeowners to receive a
solar energy system using Yingli Solar modules. "I knew I wouldn't have to
worry about the electricity bill. For us it's been quite a blessing."
Yingli employees have also donated their time as volunteers on GRID projects.
On Saturday, February 23^rd, fifteen Yingli Green Energy employees from around
the globe helped install a 3.7 kW solar energy system on the Vance family's
home in the Bayview neighborhood of San Francisco, California.
"Our employees volunteer their time and energy towards projects like GRID
Alternatives because we care deeply about social responsibility," said Mr.
Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.
"We truly believe that solar energy can dramatically improve the the lives of
future generations, and we hope that GRID's model inspires like-minded
organizations across the world to take action."
AboutYingli 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. InAugust
2012,Yingli Green Energyreached a balanced vertically integrated production
capacity of 2,450 MW per year at its production facilities located in
Baoding,Haikou,Tianjinand Hengshui, respectively.
Yingli Green Energydistributes its photovoltaic modules to a wide range of
markets, including Germany,Spain,Italy,Greece,France,South
Korea,China,Japanandthe United States. Headquartered in
Baoding,China,Yingli Green Energyhas more than 20 subsidiaries and branch
offices worldwide.Yingli Green Energyis publicly listed on theNew York
Stock Exchange(NYSE: YGE). For more information, please
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the Securities Exchange Act of 1934, as amended, and as defined in the U.S.
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For further information, please contact:
Vice President of Corporate Communications
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
Head of Marketing
Yingli Green Energy Americas
Tel: +1 603 5915812
Marketing Communications Manager
Yingli Green Energy Europe GmbH
SOURCE Yingli Green Energy Holding Company Limited
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