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TheStreet Open House

Yingli Green Energy To Supply 12 MWp Of Solar Modules To Malaysian Projects

Stocks in this article: YGE





BAODING, China and SINGAPORE, June 19, 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 wholly-owned subsidiary, Yingli Green Energy Singapore Company Pte. Limited ("Yingli Singapore"), is supplying 12 MWp of solar modules to Gading Kencana Sdn Bhd., a leading solar energy company in Malaysia.

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

Yingli's high-efficiency PANDA solar modules, which contain Yingli's patented n-type cell technology, will be used in an 8 MWp utility-scale solar farm in Malacca, Malaysia, which covers approximately 14.5 acres. 30,000 Yingli modules have already been delivered to the project site, and it's estimated that the plant will generate approximately 11 million kWh of clean electricity per year.

The remaining 4 MWp of Yingli modules comprising PANDA modules and multicrystalline solar modules will be used in a second project phase, which will be dedicated to residential installations across Malaysia. Yingli's modules are estimated to produce approximately 4,160 MWh of clean electricity per year, which is enough to power about 1,000 typical homes in Malaysia.

"We are delighted to cooperate with Yingli Solar, a global leader with a strong brand and reputation. Malaysia has high solar generating potential throughout the year, so cooperating with companies like Yingli to grow our country's solar PV capacity makes good economic sense. We believe that the combination of our two companies' strengths will help us to provide the best quality of service to our clients and to local communities," commented by Dato Ir. Guntor Tobeng, Managing Director of Gading Kencana.

"We are pleased to establish a strong partnership with Gading Kencana, one of Malaysia's most prominent solar project developers, and we believe our agreement represents a significant opportunity for expansion for both of our companies. Our collaboration will help Yingli to meet demand for clean power in Malaysia, and to solidify the company's leadership position in Southeast Asia," said Angie Koh, Business Development Direct of Yingli Singapore.



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