Yingli Green Energy Subsidiaries Secure Loans of RMB 420 Million

BAODING, China, March 5 /PRNewswire-Asia-FirstCall/ — 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 three of its PRC subsidiaries have
received new short-term loans totaling RMB 420 million from domestic banks and
an affiliate of the Company.

Of these new loans, Baoding Tianwei Yingli New Energy Resources Co., Ltd.
received a loan of RMB 180 million from Shijiazhuang City Commercial Bank, and
Yingli Energy (China) Co., Ltd. received loans of RMB 90 million and RMB 50
million from Shijiazhuang City Commercial Bank and the Bank of Communications,
Hebei Branch, respectively. In addition, Fine Silicon Co., Ltd. received a
loan of RMB 100 million from Baoding Yingli Group Company Limited (“Yingli
Group”), an affiliate of the Company, which was entrusted through Baoding
Urban District Rural Credit Union. As a related party transaction, the loan
from Yingli Group has been approved by the Company’s audit committee comprised
of three independent directors. Each of these loans has a term of 12 months
and carries an interest rate of 5.31% per annum.

“We are pleased to have secured these additional short-term loans, which
we believe will enhance our ability to expand our PV production capacity and
commence our polysilicon production, further strengthen our capital position
and provide us with additional flexibility in business and financial
planning,” commented Mr. Zongwei Li, Chief Financial Officer of Yingli Green
Energy. “In order to maintain cash flow flexibility in this challenging
economic environment, we will continue to actively source
long- and short-term financings both domestically and internationally,” Mr. Li
continued.

About Yingli Green Energy

Yingli Green Energy Holding Company Limited is one of the world’s leading
vertically integrated PV product manufacturers. Through Baoding Tianwei Yingli
New Energy Resources Co., Ltd., an operating subsidiary of the Company, 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 in the
third quarter of 2009. The Company, through Fine Silicon Co., Ltd., its wholly
owned subsidiary, also plans to begin production of solar-grade polysilicon in
the second half of 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 http://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 “will,” “expects,”
“anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” 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:
     Qing Miao
     Director, Investor Relations
     Yingli Green Energy Holding Company Limited
     Tel:   +86-312-3100-502
     Email: ir@yinglisolar.com

     Courtney Shike
     Brunswick Group LLC
     Tel:   +86-6566-2256
     Email: yingli@brunswickgroup.com

    In the United States:
     Susan Stillings
     Brunswick Group LLC
     Tel:   +1-212-333-3810
     Email: sstillings@brunswickgroup.com

SOURCE Yingli Green Energy Holding Company Limited