BAODING, China, June 9, 2015 /PRNewswire/ -- Yingli Green Energy
Holding Company Limited ("Yingli") (NYSE:YGE)*, one of the world's
leading solar panel manufacturers, today announced that it has
supplied 1.1 megawatts (MW) of solar panels for Venezuela's largest solar project, a hybrid
solar-diesel power plant located in Los Roques. The 1.1 MW solar
farm was developed, engineered, and constructed by Consorcio
Energias Limpias Alternativas
Venezolanas (CELAV). Vico Export Solar Energy, a major regional
solar product distributor, offered logistical and operational
support for equipment procurement.
This power plant is Yingli's first large-scale project in
Venezuela: until recently, the
Venezuelan market was concentrated in off-grid systems of 25
kilowatts (kW) and smaller, typically located in isolated regions.
As the country's inaugural PV power plant, it contains more than
4,400 multicrystalline YGE Series solar panels. They are expected
to generate over 1,400 megawatt-hours (MWh) per year, which is
enough energy to power over 400 typical Venezuelan homes. The
system began operating in May
2015.
"We are pleased to partner with Yingli to bring green energy to
the archipelago of Los Roques, a region that is known for its
incredible natural beauty and biodiversity," commented Mr.
Francisco Garcia, Project Developer of CELAV. "This new
hybrid solar-diesel power plant is an ideal energy solution for
Venezuela because it can reduce
diesel-related logistics costs by at least 50%."
"We are honored to grow Yingli's presence in the Venezuelan
solar market by supplying the country's largest project, and we
look forward to expanding our footprint in the country," commented
Mr. Liansheng Miao, Chairman and
Chief Executive Officer of Yingli. "There is significant potential
for the development of more hybrid solar-diesel power plants in
Venezuela, as they are an
effective strategy for both increasing renewable energy production
and ensuring reliable access to electricity in remote areas of the
country."
*Yingli Green Energy
Holding Company is also known as "Yingli Green Energy" and markets
its products under the brand name "Yingli Solar."
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About Yingli Green Energy
Yingli is one of the world's leading solar panel manufacturers.
Yingli'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 has more than 30 regional
subsidiaries and branch offices and has distributed more than 13 GW
solar panels to customers worldwide. For more information, please
visit www.yinglisolar.com and join the conversation on
Facebook, Twitter and Weibo.
About CELAV
Consorcio Energias Limpias
Alternativas Venezolanas (CELAV) is a company dedicated to the
design, installation and commissioning of renewable energy
installations in Venezuela.
About Vico Export Solar Energy
Vico Export Solar Energy is a Spanish company that distributes
solar photovoltaic products in more than fifty countries in
Europe, Latin America and North Africa.
The company works together in partnership with the
world's most important solar panel
producers, connecting them to local solar market requirements
across all product steps from manufacturing to final installation.
For more information, please visit www.vicoexport.com and follow
the latest company news in Twitter and Facebook.
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's control,
which may cause Yingli'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's filings with the
U.S. Securities and Exchange Commission. Yingli 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
Qing Miao
Vice President of Corporate Communications
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
E-mail: ir@yingli.com
In the Americas:
Tori
Clifford
Director of Marketing
Yingli Green Energy Americas Inc.
Tel: +1 415 728 0472
Email: tori.clifford@yingliamericas.com
In Europe:
Carolin Stahler
Marketing Communications
Manager Europe
Yingli Green Energy Europe GmbH
Email: carolin.staehler@yingli.com
SOURCE Yingli Green Energy Holding Company Limited