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Yingli Green Energy Supplies 24 MW of Solar Modules to the Caribbean's Largest Solar Project
By: PR Newswire
Dec. 3, 2012 05:00 AM
BAODING, China and SAN FRANCISCO, Dec. 3, 2012 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which markets its products under the brand "Yingli Solar", today announced that its subsidiary, Yingli Green Energy Americas ("Yingli Americas"), supplied 24 MW of solar PV modules to the largest solar project in the Caribbean. The recently-commissioned plant is located on 138 acres of land in Guayama, Puerto Rico.
Approximately 110,000 YGE 60 Cell Series modules are currently in operation at the utility-scale project, which generates enough electricity to power 6,000 homes. All electricity generated is being sold to the Puerto Rico Electric Power Authority (PREPA) under a 20-year power purchase agreement.
"We're pleased to be able to support realization of the first utility-scale project in Puerto Rico," Mr. Robert Petrina, Yingli Americas' Managing Director, said. "Yingli continues to be well-positioned in the emerging Caribbean market, which is predicted to grow exponentially within the next five years."
Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy, said, "We're continuously growing our presence in the utility market, and are proud to help new markets like the Caribbean diversify their power mix and take advantage of the increased affordability of solar energy."
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), which markets its products under the brand "Yingli Solar", is a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers. Yingli Green Energy's manufacturing covers the entire photovoltaic value chain, from the production of polysilicon through ingot casting and wafering, to solar cell production and module assembly. In August 2012, Yingli Green Energy reached a balanced vertically integrated production capacity of 2,450 MW per year at its production facilities located in Baoding, Haikou, Tianjin and Hengshui, respectively. Yingli Green Energy distributes its photovoltaic modules to a wide range of markets, including Germany, Spain, Italy, Greece, France, South Korea, China, Japan and the United States. Headquartered in Baoding, China, Yingli Green Energy has more than 20 subsidiaries and branch offices worldwide. Yingli Green Energy is publicly listed on the New York Stock Exchange (NYSE: YGE). For more information, please visit www.yinglisolar.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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SOURCE Yingli Green Energy Holding Company Limited
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