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| China: Yingli Green Energy Enters Into Exclusive Supplier Framework Agreement with AES Solar
21
May
2009
BAODING, China- 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 entered into an exclusive supplier framework agreement with AES Solar Energy, Ltd (''AES Solar''), a leading global developer, owner and operator of utility-scale solar plants. Under the terms of the agreement, Yingli Green Energy will be AES Solar's exclusive supplier of polycrystalline PV modules expected to be purchased by AES Solar for use in solar projects in major PV markets for a term of three years.
''We are very much looking forward to cooperating with AES Solar as they work towards supplying homes and businesses around the world with power from their leading utility-scale solar installations,'' commented Mr. Liansheng Miao, chairman and chief executive officer of Yingli Green Energy. ''Our high quality PV modules, competitive pricing and stable performance were essential in AES Solar's decision to choose us as its partner, and will continue to be critical factors in the successful completion of AES Solar's polycrystalline PV projects in major solar markets.''
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.
Organization name: Yingli Green Energy Holding Company Limited
Contact Person: Qing Miao
Director, Investor Relations
E-mail: ir@yinglisolar.com
Phone: +86-312-3100-502
City: Baoding
Country: China
Web: http:///www.yinglisolar.com/
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