Welcome!

News Feed Item

Yingli Green Energy Announces Largest Module Supply Contract in Company's History

200 MW of Yingli Solar PV Modules Selected by Fluor Corporation for LS Power's Centinela Solar Energy Facility in Southern California

BAODING, China and SAN FRANCISCO, Nov. 27, 2012 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which markets its products under the brand "Yingli Solar", today announced that its subsidiary, Yingli Green Energy Americas ("Yingli Americas"), has entered into the Company's largest project supply agreement to date. Yingli Americas was selected to supply 200 MW-dc of utility-scale solar PV modules for the Centinela Solar Energy Facility Project ("Centinela Project"), which is segmented in two phases, each phase with a separate release notice, currently pending notification for the second phase. The 170 megawatt-ac project, designed to be one of the largest solar projects in the world, is situated on 1,600 acres approximately 90 miles east of San Diego in Imperial County, California, and is estimated to achieve commercial operation in the middle of 2014.

(Logo: http://www.prnasia.com/sa/2012/04/01/20120401160439160364.jpg)

Mr. Robert Petrina, Yingli Americas' Managing Director, explained, "The expansion of the utility-scale market in the U.S. is instrumental in securing our country's clean energy future. We are proud to be chosen for this milestone project that demanded the highest levels of product and performance guarantees. We are now working with several of the top utility companies in the nation, and are cementing our reputation as the ideal module supplier for large-scale projects."

"Yingli Americas has methodically established itself as the partner of choice for utility-scale projects across the U.S. By establishing a superior process to address both the commercial and technical hurdles such projects present, we are extremely confident in our ability to execute such mega projects," commented Mathew Sachs, Yingli Americas' Director of Business Development.

Centinela Solar Energy, LLC, a member of the power generation and transmission project developer, LS Power Group, recently awarded Fluor Corporation the lump-sum engineering, procurement, and construction (EPC) contract, as well as the operations and maintenance service contract for the Centinela Project. The power generated by the installation will be purchased by San Diego Gas and Electric through 20-year power purchase agreements with Centinela Solar Energy, LLC. The facility, which will generate enough electricity to power more than 60,000 homes, is one of the first significant projects to feed into the Sunrise Powerlink Transmission Line.

John King, Executive Vice President of LS Power, said, "We're pleased to work with a module supplier that proves their commitment to reliability with competitive warranty terms. We are confident in Fluor Corporation's selection of Yingli Americas for this significant module supply deal."

Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy, added, "We recognize that our announcement of the largest project in Yingli's history comes during a challenging time in the global solar industry. Our team remains dedicated to its core business, and we are honored to continue delivering these remarkable results."

About Yingli Green Energy

Yingli Green Energy Holding Company Limited (NYSE: YGE), which markets its products under the brand "Yingli Solar", is a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers. Yingli Green Energy's manufacturing covers the entire photovoltaic value chain, from the production of polysilicon through ingot casting and wafering, to solar cell production and module assembly. In August 2012, Yingli Green Energy reached a balanced vertically integrated production capacity of 2,450 MW per year at its production facilities located in Baoding, Haikou, Tianjin and Hengshui, respectively. Yingli Green Energy distributes its photovoltaic modules to a wide range of markets, including Germany, Spain, Italy, Greece, France, South Korea, China, Japan and the United States. Headquartered in Baoding, China, Yingli Green Energy has more than 20 subsidiaries and branch offices worldwide. Yingli Green Energy is publicly listed on the New York Stock Exchange (NYSE: YGE). For more information, please visit www.yinglisolar.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statementswithin 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 terminologysuch as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target" and similarstatements. Such statements are based upon management's current expectations and current market and operatingconditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which aredifficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli GreenEnergy's actual results, performance or achievements to differ materially from those in the forward-lookingstatements. Further information regarding these and other risks, uncertainties or factors is included in Yingli GreenEnergy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake anyobligation to update any forward-looking statement as a result of new information, future events orotherwise, exceptas required under applicable law.

For further information, please contact:

In China:

Qing Miao 
Vice President of Corporate Communications 
Yingli Green Energy Holding Company Limited 
Tel: +86 312 8929787 
Email: [email protected]

In the Americas:

Helena Kimball 
Head of Marketing 
Yingli Green Energy Americas 
Tel: +1 603 5915812 
Email: [email protected]

In Europe:

Rebecca Jarschel                                                          
Marketing Communications Manager
Yingli Green Energy Europe GmbH                                            
Tel.: +4989540303412                                                
Email: [email protected]

SOURCE Yingli Green Energy Holding Company Limited

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, will discuss some of the security challenges of the IoT infrastructure and relate how these aspects impact Smart Living. The material will be delivered i...
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., will discuss how these tools can be leveraged to develop a lasting competitive advanta...
What if you could build a web application that could support true web-scale traffic without having to ever provision or manage a single server? Sounds magical, and it is! In his session at 20th Cloud Expo, Chris Munns, Senior Developer Advocate for Serverless Applications at Amazon Web Services, will show how to build a serverless website that scales automatically using services like AWS Lambda, Amazon API Gateway, and Amazon S3. We will review several frameworks that can help you build serverle...
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, will provide a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services ...
VeriStor Systems has announced that CRN has named VeriStor to its 2017 Managed Service Provider (MSP) 500 list in the Elite 150 category. This annual list recognizes North American solution providers with cutting-edge approaches to delivering managed services. Their offerings help companies navigate the complex and ever-changing landscape of IT, improve operational efficiencies, and maximize their return on IT investments. In today’s fast-paced business environments, MSPs play an important role...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.