BAODING, China, Nov. 15, 2013 /PRNewswire/ — 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 shipped more than 1MW of PV modules to Kingdom of Jordan (“Jordan”) accumulatively, which marks a milestone of Yingli Green Energy in the Middle East market development and represents a market share of approximately 20% of Jordan in 2013.
The majority of energy supply in Jordan was from importation for a long time. Therefore, the Jordangovernment issued Updated Master Strategy of Energy Sector for the period (2007-2020) in 2007, which aims to increase the country’s solar generation capacity to 600MW by 2020. In addition, the renewable energy law in 2012 allows investors to develop grid connected electricity production through the new energies including solar.
“We are delighted to develop strong partnerships with Jordan’s leading solar energy companies and have shipped more than 1MW of PV modules to this new market in a short period, although we established our Jordanian operations less than one year,” said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. “The Middle East has a huge potential for solar adoption because of its abundant sunlight resource, and we are aiming to achieve more development opportunities in this region through our advanced technology, high quality products, strong brand recognition and professional experience in manufacturing and marketing.”
To partner with Yingli Green Energy on projects in Jordan and throughout the Middle East, please contact:InfoMiddleEast@yinglisolar.com
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. With 2,450 MW of vertically-integrated annual production capacity, 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. For more information please visit www.yinglisolar.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 theU.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.
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