North Coast Solar Stocks

June 5, 2009

Yingli Green Energy PV Modules to Power a 13 MW Solar Plant in Czech Republic

Filed under: YGE — Tags: , , — Jason @ 6:00 am

Friday June 5, 2009, 6:00 am EDT

BAODING, China, June 5 /PRNewswire-Asia-FirstCall/ — Yingli Green Energy Holding Company Limited (YGE; “Yingli Green Energy”), one of the world’s leading vertically integrated photovoltaic (“PV”) product manufacturers, today announced that its PV modules will be installed in a 13 MW plant in the Czech Republic to be constructed by S.A.G. Solarstrom AG (“S.A.G.”), one of the leading manufacturers, independent developers and system integrators in the solar power and solar investment market in Europe.

Pursuant to the Czech Republic’s current feed-in tariff, installations of more than 30 kWp are remunerated with CZK 12.79/kWh (approximately euro 0.48/kWh). According to S.A.G., the plant is the largest PV project in the Czech Republic currently. Construction of the plant is scheduled to begin in July 2009 for completion in the fall 2009. The plant is expected to produce an estimated 13,650,000 kWh of electricity per year — enough to supply more than 3,000 households.

“S.A.G. stands for quality. This is why we only use high quality components for our PV power plants. Yingli has a proven track record from numerous projects at S.A.G. of delivering high quality modules with an excellent and reliable performance and yield. We are therefore looking forward to deploying Yingli modules in this important project,” said Dr. Karl Kuhlmann, CEO of S.A.G. Solarstrom AG.

“We are very pleased that our partnership with S.A.G will result in this milestone PV project, the largest in the Czech Republic and the first in the country for both Yingli and S.A.G.,” commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. “With an attractive feed-in tariff, we believe the Czech Republic will play an increasingly important role in the global PV market in Europe. We are confident that our vertically integrated model, proven strategy and strong brand name will enable us to continue to succeed in existing and new solar markets around the world.”

Through a series of supply agreements over the past four years, Yingli Green Energy has supplied a total of 68 MW of PV modules to S.A.G. for projects throughout Europe.


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