BAODING, China and MADRID,
Feb. 6, 2018 /PRNewswire/ -- Yingli
Green Energy Holding Company Limited (NYSE: YGE) ("Yingli" or
"Yingli Solar"), one of the world's
leading solar panel manufacturers, today announced that its wholly
owned subsidiary, Yingli Green Energy Europe, S.L. ("Yingli Europe") has signed an agreement with
Jenner Renewables, to provide Engineering, Procurement and
Construction (EPC) services for 12 ground-mounted PV plants in
Chile, with the total capacity of
146MW.
According to the agreement, the project is divided in 2 phases:
Cluster 1 includes 4 PV plants and the construction will begin in
February 2018 with expected operation
by June 2018; Cluster 2, including 8
PV plants, will begin by the completion of Cluster 1. As the EPC
contractor and exclusive solar panel supplier for the project,
Yingli will supply its multicrystalline modules type YL325P-35B.
Upon completion, each PV plant is anticipated to avoid 20.8 tons of
CO2 per year.
"As an independent power producer operating throughout
Latin America, we are very excited
to contribute in such a significant way to the development of
renewable energy in Chile. This
country is at the forefront of implementing a carbon free
electricity system by 2040 and our projects definitely support this
strategy," said Jorge Calvet,
Founder and CEO of Jenner Renewables. "This is part of our
renewable energy pipeline of 1,500 MW, which we intend to develop
over the next 3-4 years in Chile,
Mexico, Colombia, Argentina and other countries in the
region."
"We are proud to partner with Jenner Renewables on such a
significant project, which is the largest EPC project that Yingli
undertook independently. In addition to focusing on our historical
customers, such as EPC contractors and project developers, we are
also seeking opportunities in some specific countries or
cooperation with some specific partners to provide EPC services,
which we believe could bring higher added value to our high quality
products and therefore increase our service level," commented Mr.
Liansheng Miao, Chairman and Chief
Executive Officer of Yingli.
"We are delighted to secure this EPC, which proves the adequate
service level, competitive advantage and capabilities from
Yingli Solar. This contract is a
milestone for us in Latin American region and we will continue to
develop the business unit and strengthen our local presence. The
framework agreement within both companies includes a pipeline above
1GW, which demonstrates the trust and commitment between Yingli and
Jenner Renewables," said Mr.
Fernando Calisalvo, the Managing Director of Yingli Europe.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE),
known as "Yingli Solar," is one of
the world's leading solar panel manufacturers. Yingli Green
Energy's manufacturing covers the photovoltaic value chain
from ingot casting and wafering through solar cell production and
solar panel assembly. Headquartered
in Baoding, China, Yingli Green Energy has more
than 20 regional subsidiaries and branch offices and has
distributed more than 20 GW solar panels to customers worldwide.
For more information, please visit www.yinglisolar.com and
join the conversation
on Facebook, Twitter and Weibo.
About Jenner Renewables
Jenner Renewables is a portfolio company of funds managed by
Denham Capital, a leading global energy-focused private equity firm
with more than US$9.0 Billion of
invested and committed capital across 10 fund vehicles. Jenner
Renewables' goal is to develop, finance, construct and
opportunistically acquire renewable power generation assets across
Spanish speaking Latin
America.
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.
For further information, please contact:
In China
Eric Pan
Investor Relations
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
E-mail: ir@yingli.com
In Europe
Carolina Calisalvo
Marketing &
Communication Manager
Yingli Green Energy Europe S.L.
Tel: +34 91 843 67 26
E-mail: ccalisalvo@yingli.com
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SOURCE Yingli Green Energy Holding Company Limited