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Yingli Green Energy To Supply 15 MW PV Modules To Solarcentury In The UK

Stocks in this article: YGE









BAODING, China, Nov. 25, 2013 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as " Yingli Solar", today announced that the Company will supply 15.194 MW of multicrystalline PV modules to Solarcentury Holdings Ltd. ("Solarcentury"), a leading solar company in the UK.(Logo: http://www.prnasia.com/sa/2012/04/01/20120401160439160364.jpg )

In terms of the agreement between Yingli Green Energy and Solarcentury, the Company is the sole supplier and will complete the delivery of the PV modules by the end of January 2014. These modules will be installed in the Hill Farm Project located 15 km south of Oxford, UK. This is Solarcentury's largest project to date and Solarcentury developed the site with support from the Savills Energy team. It will use approximately 60,000 Yingli Green Energy's modules installed in an area covering about 74 acres. The project will produce approximately 14,500 MWh of electricity per year, enough electricity to supply around 4,500 typical homes.

"Solarcentury has had a strong partnership with Yingli Green Energy since 2009 and we have a great deal of trust in the quality of their modules and the reliability of their supply. We are really delighted that the Hill Farm Project continues this co-operation," said Mr. Matthew Boulton, COO of Solarcentury.

"We are very pleased to further strengthen our collaboration with Solarcentury, a long-term partner for us in the UK," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Through cooperation with leading companies such as Solarcentury, we will continue to expand our footprint in this sustainable market and fulfill our commitments to partners and customers by leveraging our excellent brand reputation, superior product quality and convenient after-sales service."

About Yingli Green Energy

Yingli Green Energy Holding Company Limited (NYSE: YGE), known as " Yingli Solar," is the world's largest photovoltaic module manufacturer in terms of production capacity and shipments. With 2,450 MW of vertically-integrated annual nameplate 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.

About Solarcentury

Solarcentury is one of Europe's fastest growing and most innovative solar photovoltaics (PV) companies, which was founded by Chairman Jeremy Leggett in 1998 to design and supply solar energy solutions for the built environment. The organization has managed the installation of well over 1,000 solar PV turnkey projects, including some of the UK's largest solar parks. It has helped over 9,000 homes go solar through its supply of systems to house builders and through its network of regional associate installers. For more information please visit www.solarcentury.com.

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.

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