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 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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV