BAODING, China, Nov. 17, 2017 /PRNewswire/Korea IT times-- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli" or the "Yingli Solar"), one of the world's leading solar panel manufacturers, today announced that its wholly owned subsidiary, Yingli Energy (China) Company Limited ("Yingli China") recently announced the groundbreaking of a 100 MW "Top Runner" project in Wuhai City, Inner Mongolia Autonomous Region.
Following the Datong 50 MW "Top Runner" project in Shanxi province, this project, covering an area of about 2.04 square kilometers of coal-mining subsidence areas in Wuhai City, is Yingli's second "Top Runner" project. The project will also be installed with Yingli's patented PANDA Bifacial panels, which can generate both by front and rear sides. It is expected to be connected to the grid and begin operations in June 2018.
After put into operation, this project is expected to offset the emission of nearly 60.3 tons of dust, 13.4 tons of carbon and reduce the discharge of 1.8 tons of cinder annually. It is of great significance to energy pressure relief, environment improvement and climate conservation.
"We are glad to participate in "Top Runner" program again with our reliable and high efficient products," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli. "Data shows that, since the grid-connection of the Datong 50 MW 'Top Runner' project, which utilized PANDA Bifacial panels, its monthly energy yield is up to approximately 17% higher than typical multi-crystalline solar plants. We believe that this project will be another sample of Yingli's efforts in technological innovations to increase the efficiency and reduce the cost of solar power generation."
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), known as "Yingli Solar," is one of the world's leading solar module manufacturers. Yingli Green Energy's manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar PV module assembly. Headquartered in Baoding, China, Yingli Green Energy has more than 20 regional subsidiaries and branch offices and has distributed more than 18 GW solar 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, please contact:
Eric Pan
Investor Relations
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
E-mail: ir@yinglisolar.com
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