BAODING, China, Aug. 7, 2014 /PRNewswire/ — Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar," today announced that the Company has surpassed 10 gigawatts (GWs) of cumulative solar module deliveries worldwide. The company realized this historic milestone by June 30th, 2014.
When fully operational, the total power generated annually by Yingli’s deployed fleet could power an estimated four million average homes, and is equivalent to nearly one fifth of China’s total residential power consumption in 2013 (assuming that 1 megawatt of Yingli modules will produce 1.2 million kilowatt-hoursof electricity each year).
Each year, the modules will offset approximately 6.8 million tons of carbon emissions when compared to conventional coal generation, which is equivalent to planting more than 340 million trees.
"We are tremendously grateful to our loyal customers, supportive business partners, and talented employees around the globe, without whom we could not have reached this milestone," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "With this achievement, we are one step closer to achieving our mission of providing affordable green energy for all."
"Going forward, we will remain focused on technological innovation and operations optimization, with the goal of driving the expansion of solar PV worldwide," said Mr. Bryan Li, Executive Director and Chief Strategy Officer of Yingli Green Energy. "We aim to maintain our leadership position in the global clean energy movement by continuing to deliver cutting-edge products and services that deliver long-term value to our partners around the world."
Yingli Solar has now delivered more than 40 million solar PV modules to over 50 countries and regions across the globe. They are installed in a broad range of systems, from high-profile projects at FIFA World Cup™ stadiums and small off-grid applications to some of the world’s largest solar power plants, including the Qinghai Golmud Solar Park. Families, communities, businesses, and utilities around the world trust Yingli to deliver high quality, reliable green energy solutions.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), known as "Yingli Solar," is the world’s largest photovoltaic module manufacturer in terms of production capacity and shipments. Yingli Green Energy’s manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and module assembly. Headquartered in Baoding, China, Yingli Green Energy has more than 30 regional subsidiaries and branch offices and has distributed more than 10,000 MW of 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 about Yingli Green Energy, please contact:
Vice President of Corporate Communications
Yingli Green Energy Holding Company Limited
In the Americas:
Head of Marketing
Yingli Green Energy Americas Inc.
Public Affairs & Public Relations Director
Yingli Green Energy International AG