Yingli Green Energy to Energize 2 MW Rooftop Solar Project in Japan System to be one of the largest installed on a rented rooftop
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 Japan Corporation, Ltd. (Yingli Japan), is supplying more than 2 MWs of monocrystalline PV modules to Japan Benex Corporation. The modules will be used on the Benex Nagareyama Solar Port, which will be one of the largest solar projects on a rented rooftop in Japan upon completion.
According to the agreement between Yingli Japan and Japan Benex Corporation, Yingli will deliver more than 8,000 monocrystalline PANDA series modules for the project by the end of August 2014. Located in Nagareyama City, Chiba Prefecture, the project will be connected to the grid in October 2014. Upon completion, it will generate approximately 2,150,000 kWh of clean electricity annually. Installing solar energy systems on rented rooftops is an emerging trend in the Japanese solar market due to limited land availability.
"We are pleased to install Yingli's PV modules on the Benex Nagareyama Solar Port," said Mr Yohei Kobayashi, Executive Vice President of Japan Benex Corporation. "Since the project's space is limited by a small roof, our success depended on selecting a highly efficient module. Yingli's PANDA series is most appropriate for the project, with its high output and high quality."
"We're pleased to partner with Japan Benex Corporation once more," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "By leveraging our strong track record of success with long-term partners such as Japan Benex Corporation, we expect to see more opportunities in Japan's rooftop solar market."
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.
About Japan Benex Corporation
Japan Benex Corporation is an experienced manufacturer of electrical and electronic devices, and industrial equipment based on its high-precision sheet metal processing technology. The corporation was formed in 1957. Japan Benex entered the PV market in 2012 as an independent power producer, and then started to provide engineering, procurement, and construction services for industrial PV systems. Japan Benex differentiates itself by producing enclosures for inverters and AC collector boxes based on our technical expertise as the manufacturer. For more information, please visit www.japan-benex.co.jp
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