|View printer-friendly version|
|Yingli Green Energy Becomes an Official Premium Partner of FC Bayern Munchen|
BAODING, China and MUNICH, Jan. 22, 2011 /PRNewswire via COMTEX/ --
Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which markets its products under the brand "Yingli Solar", today announced that the Company has become an Official Premium Partner of FC Bayern Munchen ("FCB"), one of the most successful and popular football clubs in the world.
The announcement was made during a joint press conference at the Allianz Arena, home to FCB, before the match against 1. FC Kaiserslautern. Journalists from all over the world attended the event. Dr. Jason Liu, Vice President of Yingli Green Energy and Mr. Karl-Heinz Rummenigge, Chairman of the Executive Board of FCB, warmly welcomed the new partnership and addressed the media.
Yingli Green Energy's sponsorship agreement as an Official Premium Partner in the renewable energy business sector commences season 2010/2011 (2nd leg) and continues until the end of 2013/14 season. The Company is granted a series of marketing rights, including ticketing and hospitality, advertising and media/public relations as well as the right to market and sell its solar products in the official FCB fan shops.
"We are excited to be an Official Premium Partner of FCB. FCB is one of the most successful football clubs in Germany and in the world. We look forward to working with FCB toward our common goal of creating a more sustainable future by providing our expertise in solar energy. With this sponsorship, we are happy to be even closer to our long-term partners and friends here in Germany. I would like to take this opportunity to thank all of those for their great support and trust in our brand Yingli Solar," said Dr. Liu.
"Furthermore, as many of you may know that our mission is to provide affordable green energy to everyone. As we get closer to grid parity, I am sure that we will be seeing more and more solar products on rooftops. By becoming an Official Premium Partner of FCB, we also wish to be even closer to our end customers. We believe that this is the right step to take to welcome solar energy's new era," Dr. Liu concluded.
"We would like to welcome Yingli Solar to the FC Bayern family. It truly marks a historical moment in FC Bayern's history to have a leading renewable energy company to become our Official Premium Partner. This is also a partnership to further enhance FC Bayern's dedication to society and a more sustainable future. Both our club and Yingli Solar share a common goal: Be socially and environmentally responsible in every decision we make for a better and greener world. We also look forward to utilizing Yingli Solar's expertise in the renewable energy area to see how we could make FC Bayern greener," said Mr. Karl-Heinz Rummenigge.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), which markets its products under the brand "Yingli Solar," is a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers. Yingli Green Energy's manufacturing covers the entire photovoltaic value chain, from the production of polysilicon through ingot casting and wafering, to solar cell production and module assembly. Currently, Yingli Green Energy maintains a balanced vertically integrated production capacity of over 1 GW per year. Two capacity expansion projects of 600 MW and 100 MW are under construction in Baoding and Hainan, respectively, which are expected to start initial production in the middle of 2011 and will increase the Company's total nameplate capacity to 1.7 GW in late 2011. In addition, Yingli Green Energy's in-house polysilicon plant, Fine Silicon, which has a designed annual production capacity of 3,000 metric tons, has successfully started commercial operation in early August 2010. Yingli Green Energy distributes its photovoltaic modules to a wide range of markets, including Germany, Spain, Italy, Greece, France, South Korea, China and the United States. Headquartered in Baoding, China, Yingli Green Energy has more than 9,000 employees and more than 10 subsidiaries and branch offices worldwide. Yingli Green Energy is publicly listed on the New York Stock Exchange (NYSE: YGE). For more information, please visit http://www.yinglisolar.com.
About FC Bayern Munchen
FC Bayern Munchen is the most successful football club in Germany, having won 22 German titles and 15 cups. The club was founded in 1900. FC Bayern Munchen is by far the most successful team in German football, winning six of the last ten championships. The club's last international title was the Intercontinental Cup in 2001 and in the same year they won the UEFA Champions League, their fourth European Champions Cup. Since the beginning of the 2005-06 season, FC Bayern Munchen plays its home games in the Allianz Arena. The team colors are red and white.
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," "target" 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