Yingli Green Energy Supplies 1 MW of Solar Panels to Serbia's 2nd Largest Solar Project
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", announced that the Company has supplied 1 MW of multicrystalline PV modules to Serbia's 2nd largest solar project.
The 1 MW project is located in the municipality of Kladovo, 250 kilometers east of Belgrade, the Serbian capital, and is the largest ground-mounted solar PV installation in Serbia funded by a domestic investor. Yingli Green Energy's key partners in the project included: Solaris Energy d.o.o., the investor; Enertec d.o.o., the project developer; and Energize d.o.o., the Company's local representative. The installation was designed and funded in record time thanks to effective collaboration among all parties involved.
"We are delighted to work with Yingli Green Energy on this flagship project, which is evidence of the Balkan's steady progression towards sustainable green energy. Yingli was the obvious manufacturer of choice for us, given their reputed PV brand and track record of success, especially in large-scale PV installations," said Milos Kostic, Managing Director of Solaris Energy Ltd.
"We are witnessing sustainable growth in the Balkans, particularly for commercial and industrial PV projects. Serbia plans to move forward with making solar PV a pillar of the country's energy mix. Driven by technology and continuous improvements in efficiency, we anticipate seeing more clean and green energy produced in this region," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.
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 20 regional subsidiaries and branch offices and has distributed more than 7,000 MW PV modules to customers worldwide.
About Solaris Energy d.o.o.
Solaris Energy was founded in 2011 as a holder of the investment for two of the first solar power plants in Serbia, from which we gained extensive knowledge and expertise. We started our business with solar power plants, but we have the objective to become a leading renewable energy provider in Serbia, exploiting the energy from all available renewable energy sources. For more information please visit www.solarisenergy.co.rs.
About Energize d.o.o.
Energize d.o.o. from Belgrade, Serbia was established in 2012 and represents a young and creative team of electrical engineers devoted to providing energy efficient solutions in the fields of Renewable Energy, IT, Telecommunications and Industry. The company is a representative office of worldwide leading manufacturers in the field of Renewable Energy and Energy Storage, and possesses a developed network of partners within the Balkan region and the European Union. For more information please visit www.energize.rs.
About Enertec d.o.o.
Enertec was founded to bring new approaches to address the use of renewable energy resources to regional markets in the Balkans. The company consists of a pool of young, innovative and environmentally friendly professionals from various fields. Together with our partners, Enertec works for a better future. For more information please visit www.enertec.si.
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 more information:
Yingli Green Energy Holding Co., Ltd.
3399 North Chaoyang Avenue