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Yingli Green Energy Announces 10MW Sales Contract with Enfinity
BAODING, China, July 03, 2008 –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 it has entered into a sales contract with Enfinity Management, bvba (“Enfinity”), a global renewable energy project developer located in Ghent, Belgium. Under the terms of the agreement, Yingli Green Energy is expected to supply 10 MW of PV modules to Enfinity from July 2008 to December 2008."This is the first time we have collaborated with Enfinity and we are pleased that they trusted us with such a large initial order,” commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. “We earned their confidence with our solid track record and the growing recognition of our reliable and efficient modules that have been used in a number of other European projects. We look forward to building this relationship and diversifying our market presence in Europe with other partners."
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 electricity transmission grids or those that operate on a stand-alone basis.
With 200 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 the few large-scale PV companies in the world to have adopted a vertically integrated business model. Yingli Green Energy currently plans to expand annual production capacity of polysilicon ingots and wafers, PV cells and PV modules to 400 MW by the end of 2008 and 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, China and the United States. For more information, please visit www.yinglisolar.com.
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