March 20, 2013
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 "
", today announced that the Company has entered into a non-binding strategic cooperation framework agreement (the "Agreement") with GCL-Poly Energy Holdings Limited ("GCL-Poly"). GCL-Poly is a world leading PV materials supplier, PV system integrator, PV power plant investor and operator.
Under the terms of the Agreement, Yingli Green Energy and GCL-Poly wish to leverage their advantages in the PV sector, including research and development and product manufacturing, and seek to fully cooperate with each other along the PV supply chain.
"We are pleased to unveil our multilateral and strategic cooperation with GCL-Poly," said Mr.
, Chairman and Chief Executive Officer of Yingli Green Energy. "Through this win-win cooperation, I hope Yingli Green Energy and GCL-Poly will fully leverage our advantages to continue to enhance product quality, reduce manufacturing cost and promote a broader application of solar PV in the world."
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), which markets its products under the brand "
," 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. Yingli Green Energy currently maintains a balanced vertically integrated production capacity of 2,450 MW per year at its production facilities located in Baoding,
and Hengshui. Yingli Green Energy distributes its photovoltaic modules to a wide range of markets, including
the United States
. Headquartered in Baoding,
, 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