http://www.deraktionaer.de/xist4c/web/...29024AB3F6D3FB17A13CD453145A
07.12.2009 10:05
Yingli Green Energy to Supply 51 MW of PV Modules to Payom Solar AG in 2010
BAODING, China, Dec. 7 /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited ("Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced it has signed a sales agreement ("the Agreement") with Payom Solar AG, a leading PV rooftop system specialist based in Germany. Under the terms of the Agreement, Yingli Green Energy is expected to supply 51 MW of PV modules to Payom from the first quarter through the fourth quarter of 2010.
"This agreement extends the successful cooperation with Payom that we have enjoyed over a number of years, and also provides more visibility into the demand in major PV markets and our customer portfolio for 2010," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Thanks to our strong track record, which we have built on our high quality products, excellent after-sales service and continuous brand promotion efforts, our "Yingli Solar" branded modules are recognized as bankable, reliable products by customers, investors and commercial banks in major PV markets. We are committed to sustaining our customers' loyalty and confidence by continuing to deliver reliable products and run an ethical, socially responsible business."
Mr. Jorg Truelsen, Chief Executive Officer of Payom Solar AG, commented, "We have had many good experiences during our years of partnership with Yingli Green Energy, whose high quality products have helped us consistently deliver great solutions to our customers. This 51 MW sales contract is the largest PV module purchase agreement in our history, and demonstrates our confidence both in Yingli Green Energy and in the market outlook for 2010. We expect to continue our solid growth in the coming year with the help of Yingli Green Energy's reputable, reliable products, which we believe will enable us to generate additional value for our customers."
About Yingli Green Energy
Yingli Green Energy Holding Company Limited is one of the world's leading vertically integrated PV product manufacturers. Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis. Based in Baoding, China, Yingli Green Energy sells its PV modules to system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, South Korea, Belgium, France, China and the United States. For more information, please visit http://www.yinglisolar.com/ .
About Payom Solar AG
Payom Solar AG is a system supplier of solar equipment, independent of any manufacturer. The company plans, installs and sells in-roof and on-roof solar-energy systems, from home equipment to major industrial plants, and hands them over, ready to use, to institutional or private investors and operators.
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" 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: In China: Qing Miao Director, Investor Relations Yingli Green Energy Holding Company Limited Tel: +86-312-3100-502 Email: ir@yinglisolar.com Courtney Shike Brunswick Group LLC Tel: +86-10-6566-2256 Email: cshike@brunswickgroup.com In the United States: Katie Cralle Brunswick Group LLC Tel: +1-212-333-3810 Email: kcralle@brunswickgroup.com
Yingli Green Energy Holding Company Limited
CONTACT: in China, Qing Miao, Director, Investor Relations of Yingli
Green Energy Holding Company Limited, +86-312-3100-502, ir@yinglisolar.com; or
Courtney Shike of Brunswick Group LLC, +86-10-6566-2256,
cshike@brunswickgroup.com; or in the United States, Katie Cralle of Brunswick
Group LLC, +1-212-333-3810, kcralle@brunswickgroup.com
Web Site: http://www.yinglisolar.com/
© 2009 PR Newswire -----------
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