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Yingli Green Energy Selected by SDIC Huajing as PV Module Supplier for Its 10 MW On-Grid Solar Plant in Dunhuang

Posted on: Thursday, 2 July 2009, 08:23 CDT

BAODING, China, July 2 /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 it has been selected by SDIC Huajing Power Holding Co., Ltd. ("SDIC Huajing"), a subsidiary of the State Development and Investment Corp. ("SDIC"), to supply PV modules for a 10 MW on-grid solar plant in Dunhuang, Gansu Province, which has been approved by the provincial Development and Reform Commission in Gansu.

"We are pleased to be partnering with Yingli Green Energy, one of the leading global manufacturers of PV modules, to develop the Dunhuang project together," commented Mr. Weidong Wang, General Manager of SDIC Huajing. "As a leading state owned electricity supplier, we have both the responsibility and opportunity to make renewable energy a reality in China, and we believe this 10 MW project demonstrates our commitment to this goal. Our advantage lies in our ability to leverage our established network of existing traditional power projects and manpower already on the ground in Gansu. We are confident that western regions such as Dunhuang will be big markets for solar power as they receive abundant natural sunlight and local governments are very open to investments by solar companies."

"We are very pleased to have established this strategic alliance with SDIC Huajing," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "As part of our strategy to build a greater presence in China's domestic solar market, we are seeking to establish strategic relationships with leading grid companies, such as SDIC Huajing, whose wealth of experience in China's power supply market gives them unique insights into the domestic solar market."

Mr. Miao continued, "Moreover, the launch of this on-grid solar plant in Dunhuang demonstrates the Chinese government's commitment to developing the renewable energy sector in China. As a leader in the global PV industry with more than ten years' experience and a proven track record in key global solar markets, we believe Yingli Green Energy is well positioned to continue capturing growth both in the China market and worldwide."

About Yingli Green Energy

Yingli Green Energy Holding Company Limited (NYSE: YGE) is one of the world's leading vertically integrated PV product manufacturers. 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. Based in Baoding, China, Yingli Green Energy sells its PV modules to system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, South Korea, Belgium, France, China and the United States.

About SDIC Huajing Power

SDIC Huajing Power is a Shanghai-listed company engaged in investment, generation, operation and sale of electric power. The Company operates power generation plants in Gansu, Yunnan, Jiangsu, Fujian, Anhui and Guangxi provinces, China. By 2010, SDIC expects that 3% of its generators will be powered by non-water renewable energy, and by 2020, it expects that figure to rise to 8%.

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.

SOURCE Yingli Green Energy Holding Company Limited

Source: PR Newswire

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