BAODING, China, Jan. 31, 2017 /PRNewswire/ -- Yingli Green Energy Holding Company Ltd. ("Yingli" or "Yingli Solar") (NYSE: YGE), one of the world's leading solar panel manufacturers, today announced that its wholly owned subsidiary, Yingli Green Energy Australia Pty. Ltd. (Yingli Australia) has entered into an agreement to supply 13.3 MW of multi-crystalline solar panels for a customer in Australia.
Yingli will deliver more than 42 thousand pieces of YGE 72 Cell 1500V Series solar panels for the customer in the first quarter of 2017. With a strong durability and resistance against potential induced degradation (PID), YGE 72 Cell 1500V Series solar panels are suitable for utility scale projects. In addition, with a maximum system voltage of 1500V, YGE 72 Cell 1500V Series solar panels reduce resistive losses, thereby increasing system-level energy yield and improving the project's overall performance.
"We are pleased to secure this order in Australian, showing that our products totally meet customer's stringent requirements," said Mr. Liansheng Miao, Chairman and CEO of Yingli. "By leveraging our high quality products and experiences in this market, we will continue to work closely with and serve for our local clients."
Yingli Green Energy Holding Company Limited (NYSE: YGE), known as "Yingli" or "Yingli Solar", is one of the world's leading solar panel manufacturers. Yingli's manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar panel assembly. Headquartered in Baoding, China, Yingli has more than 30 regional subsidiaries and branch offices and has distributed more than 17GW solar panels to customers worldwide. For more information, please visit www.yinglisolar.com and join the conversation on Facebook, Twitter and Weibo.
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.
For further information, please contact:
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
In the Americas:
Yingli Green Energy Americas
Marketing Communications Manager Europe
Yingli Green Energy Europe GmbH
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SOURCE Yingli Green Energy Holding Company Limited