BAODING, China and TOKYO, July 25, 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 it was recognized by Fuji Electric Co., Ltd. (Fuji Electric) as one of its best suppliers of 2014.
Out of 6,000 suppliers comphrehensively evaluated by Fuji Electric, Yingli was one of only eight companies to be recognized with an award during Fuji Electric's third annual supplier conference, which took place in Tokyo on July 17th, 2014. Yingli is also the first Fuji Electric supplier headquartered outside of Japan to be honoured since Fuji's supplier awards program was first established three years ago.
"The Japanese solar energy market is now booming thanks to a national feed-in-tariff for renewable energy, and we at Fuji Electric appreciate Yingli Green Energy's efforts to realize cost reductions in their high performance solar PV modules. Yingli contributed greatly to increasing Fuji Electric's sales for our Solar Energy Generation System business, and its high value solar PV products are helping Japanese consumers reduce their electricity costs while making a positive impact on the environment," a Fuji Electric spokesperson comented.
"We are honoured to be recognized as one of Fuji Electric's best suppliers of 2014, which demonstrates our companies' shared commitment to our strong, mutually beneficial partnership. Our goal is to continue delivering the high quality solar panels and excellent service that distinguish Yingli as an excellent supplier," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "At Yingli, we anticipate that our dedicated, local Japanese team will continue forming lasting relationships with the nation's leading developers and EPC contractors, meeting growing demand for solar PV across both the residential and commercial market segments."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.