This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Yingli Green Energy To Power The Largest Solar Plant In Singapore

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.

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

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 products."

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 EPC contract."

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs