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Opening of Europe's Largest Bifacial Solar PV Plant in the Netherlands

BAODING, China, June 12, 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 on June 9th, 2017, Tempress Systems B.V., part of the Amtech Group celebrated the opening of Europe's largest bifacial PV solar plant of close to 400 kilowatt-peak (kWp) capacity in the Netherlands, using n-type PANDA Bifacial modules manufactured by Yingli Solar. The plant is located next to the headquarter of Tempress in Vaassen, the Netherlands.

In contrast to standard monofacial modules, PANDA Bifacial modules generate electricity from both sides. As the rear side makes use of the reflected light from the surroundings and of diffuse light, the modules can yield up to 30% more energy compared to the situation when it only generates from the front side, depending on the circumstances. It is expected that the annual energy production of the bifacial PV plant will exceed 400 MWh.

The facility contains 1428 PANDA Bifacial n-type silicon modules with a nominal peak power ranging from 275Wp to 280Wp each. They contain solar cells based on the n-PERT technology jointly developed by Yingli Solar, Tempress Systems and ECN.

The bifacial modules have a glass front side and a glass rear side with a 30-year-linear warranty exceeding the life time of standard modules. The PANDA Bifacial modules have been independently tested for harsh environmental conditions such as exposure to salt mist, ammonia and known potential-induced degradation (PID) risk factors. The modules are equipped with n-type crystalline silicon solar cells which perform better under low light conditions than regular p-type cells.

The innovative PV plant has been developed in cooperation with Sparkling Projects and has been engineered by Schulz Systemtechnik BV who also did the installation. The modules are mounted on a fixed rack, which was specially designed for bifacial modules to optimize the rear side performance and are produced by Benz Alusysteme GmbH. Each module is equipped with micro inverters from APsystems Inc. to ensure optimal energy generation and monitor the performance of each module.

This project was granted with a SDE+ subsidy from the Dutch ministry of Economic Affairs to encourage the production of renewable energy in the Netherlands. Sebastiaan Masselink, independent advisor to the renewable energy industry, arranged the debt financing for this bifacial PV-solar project, which will be provided by sustainable lender ASN Bank.

About Yingli

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 20 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. Potential risks and uncertainties include, but are not limited to, uncertainties as to Yingli Green Energy's ability to meet the standards necessary to maintain listing of its ADSs on the NYSE or other stock exchange, including its ability to cure the non-compliance with NYSE's continued listing criteria in a timely manner or at all. 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:

Eric Pan
Investor Relations
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
E-mail:
ir@yingli.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/opening-of-europes-largest-bifacial-solar-pv-plant-in-the-netherlands-300472168.html

SOURCE Yingli Green Energy Holding Company Limited