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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Yingli Green Energy Joins SolarAid To Spread Light For Learning In Africa

BAODING, China, May 27, 2013 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), is 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". In a statement jointly released with Solar Roof Systems, Kingspan and Atama Solar Energy, the Company announced that together they have raised a total of 24,000 Euro for SolarAid, the London based charity using solar power to help education in Africa. The fundraising will support SolarAid's 'Lighter Learning' programme to improve the education of children in Africa by providing lighting for classrooms in 12 schools across Zambia.

(Photo: http://photos.prnewswire.com/prnh/20130527/CN21032)

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

Only 9% of rural sub-Saharan dwellers in Africa have access to electricity, with the average family of the remaining 91% of the population spending up to 25% of their income on toxic kerosene for lighting. SolarAid's aim is to eradicate the kerosene lamp from Africa by 2020 and to provide clean light in every home in Africa, improving the health, education and wealth of Africa's 110 million households without access to electricity.

SolarAid does not give solar lights away, but sells them to help create a market for solar and maintains them to ensure communities value them. Using micro-solar systems, the cost of SolarAid's procuring, installing and promoting lighting kits for a school is just EUR 2,000; the solar lighting lengthens learning hours, improves education quality and reduces reliance on expensive and toxic kerosene lamps. SolarAid also promotes the benefit of solar lamps through schools. Children tell their parents who are then convinced to buy a light to help their child to study. Demand for solar lights is rising dramatically. A total of 294,033 solar lights were funded and distributed by SolarAid in 2012 and the organization is aiming to make it a million in 2013.

SolarAid's 'Lighter Learning' initiative enables companies and schools to fund and partner with specific schools in Africa to provide classroom lighting and get study lights into the hands of teachers and pupils through school campaigns.

From early research in Tanzania by SolarAid, solar study lights are leading to children studying an extra hour each evening.

"It is our great pleasure to support SolarAid's 'Lighter Learning' programme. Solar lights essentially extend the time for study and improve education for many young people. SolarAid is part of our commitment to positive social and environmental change. We seek to improve and give back to disadvantaged and underserved communities worldwide through joined efforts", said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

"Solar has a crucial role to play in the developing world where countless communities are trapped by kerosene and in a cycle of perpetual poverty. The work SolarAid is doing is literally making a life changing difference to these communities and the children within them. Supporting this incredible work is a great way to further inform about the positive difference solar can make and our commitment to helping communities across Africa in these benefits", said Darren Thompson, Managing Director of Yingli Green Energy International AG.

Working with SolarAid, Yingli Green Energy initiated a charity event whereby a small group of its employees would dedicate a day of their time to educate children about solar energy and SolarAid at a German school in Flensburg. Yingli Green Energy called its customers for donations via an auction during its global customer conference in October 2012. The winning bidder was Solar Roof Systems based in Germany, however Atama Solar Energy from the Netherlands and Kingspan from the U.K. also decided to donate their bids. 12,000 Euro were donated in total and Yingli Green Energy matched that amount, thereby raising a total of 24,000 Euro for SolarAid. With this amount, 12 schools in Zambia had solar PV micro-systems installed on their roofs to allow classes to continue into the evening thereby extending education time for nearly 5,000 children.

Solar Roof Systems not only donated money to SolarAid but also donated a 10kW-PV-system powered by Yingli Solar modules to a school in Flensburg where 50% of the cash flows generated will be donated to projects in Africa. The solar modules were mounted in April 2013. During the installation, a team of four Yingli Green Energy employees attended the school to educate the pupils on solar and how solar can help kids in Africa.

"It is about giving back and we are delighted to support this important initiative", said Jörg Truelsen, CEO of Solar Roof Systems, whose winning auction bid funded 3 schools.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,564.91 -315.45 -1.87%
S&P 500 1,933.55 -36.52 -1.85%
NASDAQ 4,376.5760 -86.3260 -1.93%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs