BAODING, China, June 17, 2015 /PRNewswire/ -- Yingli Green Energy
Holding Company Limited ("Yingli") (NYSE:YGE)*, one of the world's
leading solar panel manufacturers, today announced that it has
signed a framework agreement with Xi'an LONGi Silicon Materials
Corp. ("LONGi") to cooperatively manufacture monocrystalline
silicon wafers, and ingots, solar cells and solar panels. The new
partnership will help LONGi, the world's largest monocrystalline
silicon manufacturer, expand into solar panel assembly while also
enabling Yingli to integrate LONGi's highly competitive technology
into its production lines.
According to the agreement, the two parties will collaborate to
employ their respective manufacturing capacities, technologies and
resources across the full monocrystalline value chain, from
monocrystalline ingots and wafers to solar cells and panels. For
example, when producing ingots, Yingli will integrate LONGi's
technology and cost-saving advantages into its own production
lines, and LONGi will supply high quality monocrystalline wafers to
Yingli at a competitive price. Under the same circumstances, Yingli
agrees to preferentially procure LONGi's monocrystalline silicon
wafers. In the meanwhile, both parties agreed to develop
high-efficiency monocrystalline solar application markets from home
and abroad and consider to use monocrystalline modules for their
self-developed power plants, further to explore the possibilities
to jointly develop monocrystalline silicon ingot plants. "We are
pleased to begin collaborating with LONGi, a world leader in the
production of monocrystalline silicon. Our partnership enables
Yingli to make full use of its manufacturing capacity by both
optimizing allocation and reducing costs," commented Mr.
Liansheng Miao, Chairman and Chief
Executive Officer of Yingli Green Energy.
Mr. Baoshen Zhong, Chairman of Xi'an LONGi Silicon Materials
Corp. commented, "As the global solar industry expands and
innovative new PV applications are adopted, demand for
high-efficiency monocrystalline technology is growing swiftly. By
working together, Yingli and LONGi can more effectively meet this
rising demand for high-performing, cost-effective monocrystalline
PV solutions in the global marketplace."
**Yingli Green Energy Holding Company is also known as "Yingli
Green Energy" and markets its products under the brand name
"Yingli Solar."
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), known
as "Yingli Solar," is one of the
world's leading solar panel manufacturers. Yingli Green Energy's
manufacturing covers the photovoltaic value chain from ingot
casting and wafering through solar cell production and solar panel
assembly. Headquartered in Baoding, China, Yingli Green Energy has more than 30
regional subsidiaries and branch offices and has distributed more
than 13 GW solar panels to customers worldwide. For more
information, please visit www.yinglisolar.com and join the
conversation on Facebook, Twitter and
Weibo.
About LONGi
Xi'an LONGi Silicon Materials Corp. ("LONGi"), established in
2000, is dedicated on the R&D, manufacturing and sales of solar
monocrystalline silicon products, and after several decades' great
efforts, it has developed into the largest solar monocrystalline
silicon products manufacturer in the world.
LONGi's total assets are up to RMB6.45
billion by the end of 2014, and the operation revenue is
RMB3.68 billion in 2014. In 2015,
LONGi will have an estimated capacity of 4.5GW mono wafer.
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 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
Vice President of Corporate Communications
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
E-mail: ir@yingli.com
In the Americas:
Tori Clifford
Director
of Marketing
Yingli Green Energy Americas Inc.
Tel: +1 415 728 0472
Email: tori.clifford@yingliamericas.com
In Europe:
Carolin
Stahler
Marketing Communications Manager Europe
Yingli Green Energy Europe GmbH
Email: carolin.staehler@yingli.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/yingli-partners-with-longi-on-vertically-integrated-production-of-high-efficiency-monocrystalline-products-300100566.html
SOURCE Yingli Green Energy Holding Company Limited