Yingli Green Energy and Kingspan Energy to Power the Largest Rooftop Solar Project in the UK
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 it has delivered 10 MW of monocrystalline silicon modules to Kingspan Energy, part of the Kingspan Group, the global leader in high performance insulation and building envelope solutions.
5.8 MW of these PANDA Series modules are installed on the rooftop of a new facility of a multinational automotive company located in the Midlands, United Kingdom. With a coverage of approximately 35,000 square metres, the 5.8 MW system is currently the largest rooftop solar project in the UK. Completed in the first quarter of 2014, it will generate about 5.5 MWh of electricity per year, enough to power 1,500 homes. The remainder of PANDA modules are used on other large-scale rooftop projects implemented by Kingspan Energy in the first quarter of 2014.
"This project serves as another milestone in developing our relationship with Yingli Green Energy, a global leader in renewable energy solutions. By leveraging our expertise in the construction industry and Yingli Solar's superior performance modules, we believe we have a robust roadmap to deliver high efficiency, low cost and low carbon building solutions across a broad range of market sectors," commented Peter Turley, Business Unit Manager of Kingspan Energy.
"The UK has seen unprecedented growth in this last quarter with hundreds of megawatts of PV -being deployed ahead of the Q2 ROC adjustment. We believe that demand for large-scale rooftop projects with a self-consumption model will, in the coming months, continue to provide a stable backbone for the UK market," said Mr. Ramin Dilmaghanian, Business Development Director UK, Yingli Green Energy.
"We are delighted to expand our presence in the industrial and commercial rooftop market in the UK," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "The UK solar market has seen significant growth due to stable funding mechanisms such as the solar Feed-In Tariff scheme and the Renewables Obligation which is the main support mechanism for renewable electricity projects in the UK. We will continue to solidify our leading position in this sustainable market through cooperation with key partners such as Kingspan 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 30 regional subsidiaries and branch offices and has distributed more than 9,000 MW PV modules to customers worldwide. For more information, please visit www.yinglisolar.com .
About Kingspan Energy
Kingspan Group is the global leader in high performance insulation and building envelope solutions. Kingspan Energy, part of Kingspan Insulated Panels, the biggest division of the Group, is the first provider of fully-funded rooftop solar photovoltaic solutions for industrial and commercial buildings, offering businesses low carbon energy generation with no upfront capital investment. Kingspan Energy provides an end-to-end project delivery, including a 25 Years guarantee combined with free monitoring and maintenance. Kingspan Insulated Panels is widely recognised in the industry for the high quality and performance of its products as well as its commitment to excellent customer services and technical support. For more information please visit www.kingspanenergy.com.
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
Europe: Rebecca Jarschel, Public Affairs
Yingli Green Energy International AG
Tel: +41 (0) 44 567 6143
Americas: Helena Kimball, Head of Marketing
Yingli Green Energy Americas Inc.
China: Qing Miao VP, Corporate Communications
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787