|By PR Newswire||
|September 11, 2012 06:00 AM EDT||
BAODING, China and SAN FRANCISCO, Sept. 11, 2012 /PRNewswire-FirstCall/ -- 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 ("PV") manufacturers, which markets its products under the brand "Yingli Solar", today announced that it is among the first solar PV manufacturers to introduce a 72 cell solar PV module certified by Underwriters Laboratories ("UL") for a maximum system voltage rating of 1,000V. This new product, marketed under the name "YGE-U 72 Cell," will be displayed at the Solar Power International Tradeshow in Orlando, Florida from September 10, 2012 through September 13, 2012 at the Yingli Green Energy booth, #2416.
Specifically designed for the utility-scale market, the YGE-U 72 Cell module lowers balance-of-system costs by decreasing the required number of wire runs and combiner boxes. The module also allows increased maximum system voltage, which improves system performance by reducing resistive losses. The end result is increased PV system energy yield.
In addition, Yingli Green Energy's new industry-leading linear performance warranty applies to all YGE-U 72 Cell modules. This linear performance warranty guarantees nine percent more power output over the module's lifetime than Yingli Green Energy's standard step warranty, providing confidence to project stakeholders and facilitating access to debt financing.
Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy, commented, "The North American market is a strategic priority for Yingli Green Energy, and we are committed to expanding the rapidly growing utility-scale segment. We are pleased to offer modules tailored to our utility customers, who require the utmost in performance and reliability."
Robert Petrina, Managing Director of Yingli Green Energy Americas, added, "Industry analysts predict up to 60% growth in the North American utility-scale solar market by 2013. By introducing the YGE-U 72 Cell Series, Yingli Americas is positioned to take first-mover advantage of this growth. Our module enhances utility-scale projects' profitability by simplifying the permitting process, boosting performance and reducing balance-of-systems costs."
"As the preferred independent testing and certification organization headquartered in the United States, earning UL certification is a significant achievement. State and local building and electrical authorities in the U.S. instantly recognize and confidently accept the UL Mark as a sign of safety and quality," said Ms. Evelyn Butler, Global Business Director of UL's Energy and Fueling Systems businesses.
The YGE-U 72 Cell Series is fully compatible with single-axis solar tracking systems manufactured by Array Technologies, the world's leading supplier of solar tracking equipment. Ron Corio, President and CEO of Array Technologies, commented, "It is crucial for solar PV module manufacturers to develop products that meet the specific technical requirements of large-scale project developers, including solar tracking compatibility. Yingli Green Energy is progressive in meeting the needs of the utility PV marketplace."
The YGE-U 72 Cell module is now commercially available in the United States and Canada. Please visit www.yinglisolar.com/us/products for further information.
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, form 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.
UL is a premier global independent safety science company with more than 118 years of history. Employing more than 9,000 professionals in over 100 countries, UL has five distinct business units -- Product Safety, Environment, Life & Health, Knowledge Services, and Verification Services - to meet the expanding needs of our customers and to deliver on our public safety mission. Additional information about UL may be found at UL.com.
About Array Technologies, Inc.
Array Technologies, Inc., provides unequalled expertise in engineering and manufacturing innovative solar tracking systems for utilities, corporations, and small businesses worldwide. Array's patented tracker designs have established the standard for cost-effective, robust, reliable, and easy-to-install tracking solutions. Headquartered in Albuquerque, NM, Array Technologies' trackers are manufactured in the USA. For more information, please visit us at www.arraytechinc.com.
For further information, please contact:
Director of Investor Relations
Yingli Green Energy Holding Company Limited
In the Americas:
Head of Marketing
Yingli Green Energy Americas Inc.
Marketing Communications Manager
Yingli Green Energy Europe GmbH
SOURCE Yingli Green Energy Holding Company Limited