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 Supply 59 MW Of PV Modules For China Three Gorges New Energy

BAODING, China, Oct. 24, 2013 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the world's largest vertically integrated photovoltaic ("PV") manufacturer, known as " Yingli Solar", today announced that its wholly-owned subsidiary, Yingli Energy (China) Company Limited (" Yingli China"), will supply 59 MW of multicrystalline YGE Series PV modules to China Three Gorges New Energy Co., Ltd. ("CTGNE"), a wholly-owned subsidiary of China Three Gorges Corporation ("CTG").

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

The modules will be installed in three separate ground-mounted projects, which total 59 MW. All three utility-scale projects are being developed by CTGNE, and they will be located in Hebei Province, Gansu Province, and the Inner Mongolia Autonomous Region. Under the terms of the agreements, the Company will be the sole PV module supplier for these three projects, and delivery will be completed by the end of 2013.      

"We are delighted to further enhance our partnership with CTGNE, to whom we have supplied over 100 MW of PV modules in the past. Our on-going collaboration with large scale project developers like CTGNE is indicative of our strong leadership position in China, which is based on our superior product quality, well-recognized brand, and convenient after-sales service," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "In addition, we have observed improved price and payment terms in recently signed agreements, which is evidence of China's domestic market growing more rational due to gradually balanced supply-demand."

"We selected Yingli Green Energy to supply this significant utility-scale project primarily because of their track record of success with projects of this scale, their high-quality products, and superior post-sale support. These factors are critical to the successful construction of large-scale projects, and working with established, powerful suppliers like Yingli minimizes risks in project development and operation," commented an anonymous project manager of CTGNE.

1 of 3

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
SYM TRADE IT LAST %CHG

Markets

DOW 18,285.74 +0.34 0.00%
S&P 500 2,130.82 +4.97 0.23%
NASDAQ 5,090.7940 +19.0510 0.38%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs