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 To Supply 30 MW Of PV Modules To Tekno Ray Solar In Turkey

BAODING, China, May 8, 2014 /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 its Turkish subsidiary, Yingli Green Energy Enerji Urunleri San. ve Tic. Ltd. Şti (Yingli Turkey) will supply 30 MW of multicrystalline PV modules to Tekno Ray Solar Enerji Sistemleri San. Tic. Ltd. Sti (Tekno Ray Solar), Turkey's fastest-growing solar energy company.

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

According to the agreement between Yingli Turkey and Tekno Ray Solar, 30 MW of Yingli Solar modules will be delivered in installments from the second quarter of 2014 through the first quarter of 2015. The high quality YGE Series modules will be installed in several large scale solar projects in the southern part of Turkey.

"In Turkey, which has Europe's richest solar resources, we believe that we need to utilize the sun in order to contribute to both the economy and the environment. At Tekno Ray Solar, we have blazed a trail in large-scale PV project development. We selected Yingli Solar because of the company's strong brand and high-performance, high-quality product," said Mr. Altay Coşkunoğlu, Chairman of the Executive Board of Tekno Company Union.

" Yingli Solar's global experience and market leadership are an asset to Tekno Ray Solar, one of Turkey's leading PV project developers. Establishing partnerships with Turkey's leading PV project investors is a key driver of our strategy," said Dimitrios Bachadakis, Director of Yingli Green Energy South East Europe.

"We are delighted to reach a new milestone in the market development in Turkey with Tekno Ray Solar, with whom we have partnered on many projects, including Turkey's first medium voltage ground-mounted project in MW size with grid connection and the first self-consumption project in the Akdeniz Region. We look forward to enhancing our presence in this high-potential solar energy market," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

About Tekno Ray Solar

Tekno Ray Solar has been established as a Joint Venture with Enerray, which is owned by Maccaferri Group of Italy. Tekno Ray Solar aims to be the leader in Turkish photovoltaic market. Enerray's experience in solar systems for over 200.000 kW of installations and Tekno's experience in installation and after sales services will be valuable assets to Tekno Ray Solar's customers. Tekno Ray Solar will be offering custom tailored systems designed with the most efficient and advanced technology available as well as remote monitoring, O&M services.

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. 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 30 regional subsidiaries and branch offices and has distributed more than 9,000 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.

1 of 2

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 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

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