Yingli Green Energy Selected by SDIC Huajing as PV Module Supplier for Its 10 MW On-Grid Solar Plant in Dunhuang
02 July 2009 - 11:23PM
PR Newswire (US)
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. For further
information, please contact: In China: Qing Miao Director, Investor
Relations Yingli Green Energy Holding Company Limited Tel:
+86-312-3100-502 Email: Courtney Shike Brunswick Group LLC Tel:
+86-10-6566-2256 Email: In the United States: Katie Cralle
Brunswick Group LLC Tel: +1-212-333-3810 Email: DATASOURCE: Yingli
Green Energy Holding Company Limited CONTACT: In China: Qing Miao,
Director, Investor Relations, Yingli Green Energy Holding Company
Limited at +86-312-3100-502 or ; Courtney Shike, Brunswick Group
LLC at +86-10-6566-2256 or ; Or In the United States: Katie Cralle,
Brunswick Group LLC at +1-212-333-3810 or
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