BAODING, China, Nov. 3, 2017 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, known as "Yingli Solar", today announced that it is supplying 38.4 MW of solar panels to a rural distributed PV poverty alleviation project in China.
Located in Zhangbei County, Hebei Province, this project includes 128 rural distributed PV poverty alleviation plants for Zhangbei County's remaining 128 low-income villages and each plant has the capacity of 300 Kilowatts (kW). The 128 rural distributed PV poverty alleviation plants will be constructed in one site with the total installation capacity of 38.4 MW. Once completed, it will benefit more than 10,000 low-income villagers in Zhangbei County over the next 20 years with revenues from electricity sales.
This project will utilize over 140,000 Yingli Solar panels, around 10,000 panels of which adopt advanced techniques, including Yingli's patented Panda Bifacial panels, multi-crystalline 12 bus-bars panels and multi-crystalline black silicon panels. In addition, the project will adopt the axis tracking system to capture more sunlight by following the sun, thus increasing the power generation. The project is expected to be connected to the grid in the fourth quarter of 2017.
"We are glad to supply our advanced PV panels for this poverty alleviation project in Zhangbei County, which is also the part of practice of our corporate social responsibility," commented Mr. Bo Yu, Vice General Manager of Yingli. "With reliable quality and excellent performance, Yingli Solar panels can maximally guarantee the sustainable and stable power generation of the project, effectively increasing the income of local low-income villagers from green solar electricity sales. The project is of great significance to local poverty alleviation and environment protection."
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), known as "Yingli Solar," is one of the world's leading solar module manufacturers. Yingli Green Energy's manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar PV module assembly. Headquartered in Baoding, China, Yingli Green Energy has more than 20 regional subsidiaries and branch offices and has distributed more than 18 GW solar PV modules 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
View original content:http://www.prnewswire.com/news-releases/yingli-supplies-all-solar-panels-for-a-384-mw-pv-poverty-alleviation-project-in-china-300549167.html
SOURCE Yingli Green Energy Holding Company Limited