BAODING, China, Nov. 3, 2017
/PRNewswire/ -- Yingli Green Energy Holding Company Limited
(NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the
world's leading solar panel manufacturers, known as "Yingli Solar", today announced that it is
supplying 38.4 MW of solar panels to a rural distributed PV
poverty alleviation project in China.
Located in Zhangbei County, Hebei
Province, this project includes 128 rural distributed PV
poverty alleviation plants for Zhangbei County's remaining 128
low-income villages and each plant has the capacity of 300
Kilowatts (kW). The 128 rural distributed PV poverty alleviation
plants will be constructed in one site with the total installation
capacity of 38.4 MW. Once completed, it will benefit more than
10,000 low-income villagers in Zhangbei County over the next 20
years with revenues from electricity sales.
This project will utilize over 140,000 Yingli Solar panels, around 10,000 panels of
which adopt advanced techniques, including Yingli's patented Panda
Bifacial panels, multi-crystalline 12 bus-bars panels and
multi-crystalline black silicon panels. In addition, the project
will adopt the axis tracking system to capture more sunlight by
following the sun, thus increasing the power generation. The
project is expected to be connected to the grid in the fourth
quarter of 2017.
"We are glad to supply our advanced PV panels for this poverty
alleviation project in Zhangbei County, which is also the part of
practice of our corporate social responsibility," commented Mr.
Bo Yu, Vice General Manager of
Yingli. "With reliable quality and excellent performance,
Yingli Solar panels can maximally
guarantee the sustainable and stable power generation of the
project, effectively increasing the income of local low-income
villagers from green solar electricity sales. The project is of
great significance to local poverty alleviation and environment
protection."
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE),
known as "Yingli Solar," is one of
the world's leading solar module manufacturers. Yingli Green
Energy's manufacturing covers the photovoltaic value chain
from ingot casting and wafering through solar cell production and
solar PV module assembly. Headquartered
in Baoding, China, Yingli Green Energy has more
than 20 regional subsidiaries and branch offices and has
distributed more than 18 GW solar 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.
For further information, please contact:
In China
Eric Pan
Investor Relations
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
E-mail: ir@yinglisolar.com
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SOURCE Yingli Green Energy Holding Company Limited