Yingli Green Energy to supply 12 MWp of Solar Modules to Malaysian Projects
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 its wholly-owned subsidiary, Yingli Green Energy Singapore Company Pte. Limited ("Yingli Singapore"), is supplying 12 MWp of solar modules to Gading Kencana Sdn Bhd., a leading solar energy company in Malaysia.
Yingli's high-efficiency PANDA solar modules, which contain Yingli's patented n-type cell technology, will be used in an 8 MWp utility-scale solar farm in Malacca, Malaysia, which covers approximately 14.5 acres. 30,000 Yingli modules have already been delivered to the project site, and it's estimated that the plant will generate approximately 11 million kWh of clean electricity per year.
The remaining 4 MWp of Yingli modules comprising PANDA modules and multicrystalline solar modules will be used in a second project phase, which will be dedicated to residential installations across Malaysia. Yingli's modules are estimated to produce approximately 4,160 MWh of clean electricity per year, which is enough to power about 1,000 typical homes in Malaysia.
"We are delighted to cooperate with Yingli Solar, a global leader with a strong brand and reputation. Malaysia has high solar generating potential throughout the year, so cooperating with companies like Yingli to grow our country's solar PV capacity makes good economic sense. We believe that the combination of our two companies' strengths will help us to provide the best quality of service to our clients and to local communities," commented by Dato Ir. Guntor Tobeng, Managing Director of Gading Kencana.
"We are pleased to establish a strong partnership with Gading Kencana, one of Malaysia's most prominent solar project developers, and we believe our agreement represents a significant opportunity for expansion for both of our companies. Our collaboration will help Yingli to meet demand for clean power in Malaysia, and to solidify the company's leadership position in Southeast Asia," said Angie Koh, Business Development Direct of Yingli Singapore.
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 and join the conversation on Facebook, Twitter and Weibo.
About Gading Kencana Sdn Bhd
Gading Kencana Sdn Bhd ("Gading Kencana") is a renewable energy services company incorporated in Malaysia. Its founders; Ir Guntor Tobeng and Hasnah Awang recognised the potential of renewable energy and steered the company steadily forward from its inception, first in the solar lights market, then progressing to solar and hybrid systems and recently breaking into large-scale solar PV systems with outputs by the hundreds of kilowatts. With growth, the company has added even more services, from energy audits to energy efficiency consultancy and more, to offer clients a full one-stop service for all their renewable energy needs. Gading Kencana is also the only energy service company in the industry to be awardedISO 9001:2008 and OHSAS 18001:2007 certifications and most recently received the prestigious Malaysian SME Enterprise 50 award. For more information please visit www.gadingkencana.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