BAODING, China, Oct. 9, 2013 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy," " Yingli Solar," or the "Company"), the world's largest vertically integrated photovoltaic ("PV") manufacturer, today announced that it was selected by the European Commission ("EC") to be an active member of the PV Consortium and Technical Secretariat in the pilot phase of the EC's Product Environmental Footprint (PEF) program. The pilot phase of the PEF aims to establish rules for evaluating the environmental performance of specific product categories, and the EC has now confirmed that photovoltaic electricity is one of the product categories to be assessed.
The selection follows a formal application submitted by a consortium composed of PV scientists, intergovernmental and non-governmental organizations, and industry groups, which together will act as a Technical Secretariat. Over the next three years, the Consortium will develop Product Environmental Footprint Category Rules (PEFCRs) for PV electricity production, which will complement the Life Cycle Assessment Guidelines already established by the EC. After development, the PEFCRs will be tested and evaluated by the consortium, along with a broad range of stakeholders.
"We are extremely honored to participate in this prestigious project, which proves once more the importance of global cooperation in the field of PV electricity generation. Sharing the results of this consortium with European consumers will build confidence in the sustainability of PV technology and the benefits of producing green, clean energy for future generations," said Mr. Darren Thompson, Managing Director of Yingli Green Energy International AG."As the world's leading renewable energy company, we understand that the legacy we leave as a corporate citizen is not simply based on the types of products we make, but also on reducing our carbon footprint and promoting sustainability in our manufacturing facilities. We are proud to use our leadership position to reduce greenhouse gas emissions and to help set global standards for green solar PV manufacturing," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. For more information on the project, please visit http://ec.europa.eu/environment/eussd/smgp/index.htm. About Yingli Green Energy Yingli Green Energy Holding Company Limited (NYSE: YGE), which markets its products under the brand " Yingli Solar," is the world's largest photovoltaic module manufacturer in terms of shipments. With 2,450 MW of vertically-integrated annual production capacity, Yingli Green Energy's manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and module assembly. Headquartered in Baoding, China, Yingli Green Energy has more than 20 regional subsidiaries and branch offices and has distributed more than 7,000 MW PV modules to customers worldwide. For more information please visit www.yinglisolar.com and join the conversation on Facebook, Twitter and Weibo. Safe Harbor Statement This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.