July 3, 2008

Yingli Green Energy Starts Initial Production From 200MW Expansion Project

Yingli Green Energy Holding, a vertically integrated photovoltaic products manufacturer, has started initial and small-scale production of polysilicon ingots, wafers, cells and modules from its latest 200MW expansion project.

Equipment is being gradually delivered on-time and in-line with the installation schedule.

The company expects to complete installation of the 200MW of expanded capacity in the fourth quarter of 2008 and the full production volume will come online in late 2008. Once completed, the company's total production capacity of polysilicon ingots and wafers, photovoltaic (PV) cells and PV modules will be 400MW.

Liansheng Miao, chairman and CEO of Yingli Green Energy, said: "The expansion should further increase our visibility and help us meet our shipment guidance for 2008 and beyond. In addition, these new production lines feature the latest equipment, including GT Solar's DSS 450 furnaces which have the capacity to produce 400kg ingots, and greater automation across the whole value chain."