BAODING, China, Dec. 13, 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 expressed its congratulations on the successful grid connection of world's largest hydro and PV hybrid project ("Project"), near the Longyangxia Dam in Qinghai Province, China. The Company has supplied 15 MW YGE series PV modules for the Project.
With a total capacity of 320 MW, the Project began construction in March, 2013 and started grid connection and commissioning last week. During its 25 years lifetime, the Project is expected to deliver 498 million kWh PV electricity per year to the grid.
"We feel delighted about the successful grid connection of world's largest hydro and PV hybrid project," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "In addition to this hydro and PV hybrid project, the Company has also been acting proactively in integrating PV with architecture, agricultural, and other fields. For example, the Power Valley International Hotel – world's first five star hotel with BIPV application applied our curtain wall Series PV modules, integrating solar power generation into the overall design and making the building more environmental friendly.""The Company also focuses on the innovative applications of PV modules with traditional agriculture, promoting the development of eco-agriculture. Besides, we installed more than 20 MW PV modules on our factories, parking lots, and other facilities, which will provide approximate 23 million kWh solar electricity per year for the Company's production and operation. This will help the Company to reduce CO 2 emission and increase renewable energy consumption," Mr. Miao added. 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. 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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV