2013 Asian Solar Market Workshop.
The Workshop attracted nearly 50 customers from countries across Southeast Asia and South Asia, including Malaysia, Singapore, Pakistan, and India. Key Yingli executives briefed customers on the Company’s new marketing strategies and innovative technology developments. Additionally, they shared project development insights gained from the Company’s broad global experience in a wide range of market segments, and held an open discussion of new cooperation models for Yingli to help customers expand local project pipelines. Customers also attended a tour of Yingli’s manufacturing facilities at its Baoding Headquarters.
Yingli Green Energy’s footprint in Southeast Asia and South Asia has expanded significantly since the Company established its regional headquarters in Singapore in 2011. With a dedicated local team in Singapore, the Company has been able to develop strategic partnerships with the region’s leading solar energy companies. In May 2013, the Company entered into a 10 MW supply agreement for Malaysia’s largest solar power plant, which is being developed by Amcorp Power Sdn. Bhdm., a subsidiary of Amcorp Group Berhad, an investment holdings company based in Malaysia.
“We are honored to have participated in this Workshop, and for the opportunity to visit Yingli’s impressive manufacturing facilities. Their state-of-the-art production lines have achieved a high degree of automation that clearly results in a high quality product. We hope that by taking part in this Workshop, we will strengthen and expand our partnership with Yingli,” said Mr. Khamis, Vice President of Energy of Amcorp Power Sdn. Bhd.
“We are delighted at the success of the Workshop, which is helping to grow our relationships with customers in Southeast Asia and South Asia,” said Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy.
Demand for solar in these markets, as well as other emerging markets such as South Africa and Latin America, has become an important factor in our growth strategy. We are committed to supplying these regions with high quality products and to providing affordable green energy for all.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), which markets its products under the brand “Yingli Solar,” is the world’s largest photovoltaic module manufacturer in terms of shipments. With 2,450 MW of vertically-integrated annual production capacity, Yingli Green Energy’s manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and module assembly. Headquartered in Baoding, China, Yingli Green Energy has more than 20 regional subsidiaries and branch offices and has distributed more than 7,000 MW PV modules to customers worldwide.
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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.