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Yingli Green Energy Wins Bid to Supply 1.5 MW Of PV Modules to China Mobile

Posted on: Friday, 17 October 2008, 06:00 CDT

Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced that its principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co., Ltd. ("Tianwei Yingli"), has won a bid to supply approximately 1.5MW of PV modules to China Mobile Communications Corp. ("China Mobile"), the largest mobile phone operator in China. The bid accounted for over 31% of China Mobile's total recent PV module procurement. Tianwei Yingli expects to enter into a definitive supply contract with China Mobile in late October or early November 2008.

"We are pleased that China Mobile selected Tianwei Yingli as one of its major PV module suppliers," said Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. "We believe our top quality products, well regarded brand name and solid track record were important factors that helped differentiate us from our competition. We have been working with China Mobile since 2002 when we helped them build some stand-alone solar power base stations in western China. Over the years, we have developed a productive working relationship and we look forward to further deepening it in the future."

About Yingli Green Energy

Yingli Green Energy Holding Company Limited is one of the world's leading vertically integrated PV product manufacturers. Through the Company's principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co., Ltd., Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis. With 400 MW of total annual production capacity in each of polysilicon ingots and wafers, PV cells and PV modules, Yingli Green Energy is currently one of the largest manufacturers of PV products in the world as measured by annual production capacity. Additionally, Yingli Green Energy is one of a limited number of large-scale PV companies in the world to have adopted a vertically integrated business model. Through its wholly owned subsidiary Yingli Energy (China) Co., Ltd., Yingli Green Energy currently plans to expand annual production capacity of polysilicon ingots and wafers, PV cells and PV modules to 600 MW by mid-2009. Yingli Green Energy sells PV modules under its own brand name, Yingli Solar, to PV system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, South Korea, Belgium, France, China and the United States. 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 "may,""will,""expect,""anticipate,""future,""intend,""plan,""believe,""estimate,""targets", "projects,""potential,""outlook,""continue,""is/are likely to" 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.

Source: Business Wire

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