Yingli Green Energy Holding Com (NYSE:YGE)

BAODING, China, Oct. 24, 2018 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (OTC Pink: YGEHY) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, today announced that Baoding Tianwei Yingli New Energy Company Limited ("Tianwei Yingli"), a subsidiary of the Company, has recently withdrawn its appeal to a PRC court's first-instance judgment, which ruled that Tianwei Yingli should repay principle, related interest, and overdue penalty of the medium-term notes ("MTNs") due October 13, 2015 and May 12, 2016 issued by Tianwei Yingli to one of the holders ("Note Holder") of those MTNs as described in the Company's announcement dated on May 18, 2018. The principal amount of the MTNs held by the Note Holder as recognized by the court was RMB65.7 million, representing approximately 3.7% of the total amount of those MTNs that are still outstanding. The overdue penalties recognized by the court would be calculated at a daily penalty interest rate of 0.021% and will continue to accrue before actual payment thereof. Tianwei Yingli plans to continue to communicate with the Note Holder regarding a feasible payment scheme to satisfy the court judgment.

BAODING, China, June 7, 2018 /PRNewswire/ -- Yingli Green Energy Holding Company Ltd. ("Yingli" or "Yingli Solar") (NYSE: YGE), one of the world's leading solar panel manufacturers, today announced that that it recently received the bifacial module certification from TÜV Rheinland for its PANDA BIFACIAL module, making the PANDA BIFACIAL module the world's first bifacial module product certified by China General Certification Centre (CGC), UL, and TÜV Rheinland. Yingli has received CGC's Top Runner Program certification in the end of 2016 and UL's certification in early May 2018, respectively for its PANDA BIFACIAL module.

Specifically, PANDA BIFACIAL module integrates technology from Yingli's state of the art PANDA n-type monocrystalline solar cells, which can generate power not only from the front side, but also from the rear side by leveraging reflected light in the environment. Therefore, the power yields of the PANDA BIFACIAL module can be increased significantly compare to traditional PV module which can only generate from the front side. Taking the 60 cell PANDA BIFACIAL module for example, its standard power output of the front side is 285 watts. However, in the UL and TÜV Rheinland tests, its integrated power output can reach up to 315 watts, representing approximately 11% power gain compared to the standard power output of the front side. In addition, stricter hot-spot endurance test and reserve current overload test also showed a stable power gain of the PANDA BIFACIAL module. 

According to latest statistic, the monthly electricity generated by the 50MW Top Runner project in Datong, Shanxi province, which utilized Yingli's PANDA BIFACIAL modules, is up to 19.02% higher than near project with same capacity powered by traditional polycrystalline modules. In addition, the PANDA BIFACIAL module possesses strong durability and resistance to PID (Potential Induced Degradation) and is able to perform well under various harsh environments such as exposure to high temperature and humidity, salt mist and sand. With a maximum system voltage of 1500 Volts (V), PANDA BIFACIAL module can improve system performance and help to reduce the balance-of-system costs. 

"We are glad to receive bifacial module certifications from CGC, UL, and TÜV Rheinland, demonstrating our technical strength on the N-type bifacial generating technology and the reliability of the PANDA BIFACIAL module," said Mr. Vincent Yu, Vice president of Yingli. "Yingli will always commit to continued technology innovation to reduce the cost of solar power generation and contribute to the grid parity."

BAODING, China, May 18, 2018 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, today announced that a PRC court has ruled that Baoding Tianwei Yingli New Energy Company Limited ("Tianwei Yingli"), a subsidiary of the Company, should repay the remaining principle and overdue penalty of the medium-term notes due October 13, 2015 (the "2010 MTNs") and the principle, interest, and overdue penalty of the medium-term notes due May 12, 2016 (the "2011 MTNs") issued by Tianwei Yingli to one of the holders (the "Note Holder") of those MTNS, who filed lawsuits against Tianwei Yingli to recover such amounts as described in the Company's announcement dated on September 1, 2017. The principal amount of the MTNs held by the Note Holder as recognized by the court was RMB65.7 million, representing approximately 3.7% of the total amount of the 2011 MTNs and 2010 MTNs that are still outstanding. The overdue penalties recognized by the court would be calculated at a daily penalty interest rate of 0.021% and will continue to accrue before actual payment thereof. Tianwei Yingli plans to appeal the judgment while continuing to seek a mutually beneficial solution with the Note Holder out of court.

BAODING, China, May 4, 2018 /PRNewswire/ -- Yingli Green Energy Holding Company Ltd. ("Yingli" or "Yingli Solar") (YGE), one of the world's leading solar panel manufacturers, today announced that its PANDA Bifacial module has received the world's first UL certification to the bifacial module that can generate power by both the front and rear sides.

Specifically, PANDA BIFACIAL module integrates technology from Yingli's state of the art PANDA n-type monocrystalline solar cells, which can generate power not only from the front side, but also from the rear side by leveraging reflected light in the environment. Therefore, the power yields of the PANDA BIFACIAL module can be increased by up to 30% compare to the situation when it only generates from the front side. The PANDA BIFACIAL module possesses strong durability and resistance to PID (Potential Induced Degradation) and is able to perform well under various harsh environments such as exposure to high temperature and humidity, salt mist and sand. With a maximum system voltage of 1500 Volts (V), PANDA BIFACIAL module can improve system performance and help to reduce the balance-of-system costs by up to 2.5%.

Yingli has been actively promoting the establishment of testing standards of bifacial modules. In 2016, Yingli, cooperated with China General Certification (CGC) canter, prepared jointly the standard of PV Industry Association "Electrical Performance Testing Method for Bifacial Module". At the end of 2016, Yingli received the bifacial module certification from CGC, and became the first and currently the only company which get this certification.

"We are glad to be the first company in solar industry to consecutively receive the bifacial module certifications from CGC and UL, which is a significant step forward for us and a proven of our technical strength on the N-type bifacial generating technology," Mr. Vincent Yu, Vice president of Yingli. "The establishment of uniform standards for bifacial products will both benefit the producers and consumers and Yingli is committed to continued technology innovation to reduce the cost of solar power generation and contribute to the grid parity."

BAODING, China, April 27, 2018 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, today announced that one of its long-term polysilicon suppliers (the "Supplier") filed a request for arbitration of its claim against the Company described below with the London Court of International Arbitration (LCIA) yesterday.

As previously reported, the Company has not fully performed some of its long-term polysilicon supply contracts on their original terms, and suppliers have sent the Company invoices or demand letters for failing to perform certain obligations under these contracts. On December 15, 2017, one of the Company's subsidiaries received a notice of termination from the Supplier notifying the Company of its decision to terminate its long-term polysilicon supply contract with the Company with immediate effect and claiming no less than US$897.5 million of payments due and payable by the Company under the contract.

After receiving the notice of termination, the Company has been actively communicating with the Supplier to find an amicable solution but no mutual agreement has been reached yet. The Company plans to vigorously defend its rights in the arbitration proceeding while continuing to seek a mutually beneficial solution with the Supplier.

Fourth Quarter 2017 Financial Results

• Total net revenues were RMB2,273.2 million (US$349.4 million), compared to RMB1,678.7 million in the third quarter of 2017.
• Net loss(2) and loss per American Depositary Share (the "ADS", one ADS represents ten ordinary shares) were RMB491.9 million (US$75.6 million) and RMB27.1 (US$4.2) respectively, compared to RMB2,344.0 million and RMB129.0 respectively in the third quarter of 2017. On an adjusted non-GAAP basis, adjusted net loss and adjusted loss per ADS were RMB286.7 million (US$44.1 million) and RMB15.8 (US$2.4) respectively, compared to RMB330.0 million and RMB18.2 respectively in the third quarter of 2017.

BAODING, China and MADRID, Feb. 6, 2018 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (YGE) ("Yingli" or "Yingli Solar"), one of the world's leading solar panel manufacturers, today announced that its wholly owned subsidiary, Yingli Green Energy Europe, S.L. ("Yingli Europe") has signed an agreement with Jenner Renewables, to provide Engineering, Procurement and Construction (EPC) services for 12 ground-mounted PV plants in Chile, with the total capacity of 146MW.

According to the agreement, the project is divided in 2 phases: Cluster 1 includes 4 PV plants and the construction will begin in February 2018 with expected operation by June 2018; Cluster 2, including 8 PV plants, will begin by the completion of Cluster 1. As the EPC contractor and exclusive solar panel supplier for the project, Yingli will supply its multicrystalline modules type YL325P-35B. Upon completion, each PV plant is anticipated to avoid 20.8 tons of CO2 per year.

"As an independent power producer operating throughout Latin America, we are very excited to contribute in such a significant way to the development of renewable energy in Chile. This country is at the forefront of implementing a carbon free electricity system by 2040 and our projects definitely support this strategy," said Jorge Calvet, Founder and CEO of Jenner Renewables. "This is part of our renewable energy pipeline of 1,500 MW, which we intend to develop over the next 3-4 years in Chile, Mexico, Colombia, Argentina and other countries in the region."

"We are proud to partner with Jenner Renewables on such a significant project, which is the largest EPC project that Yingli undertook independently. In addition to focusing on our historical customers, such as EPC contractors and project developers, we are also seeking opportunities in some specific countries or cooperation with some specific partners to provide EPC services, which we believe could bring higher added value to our high quality products and therefore increase our service level," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli.

"We are delighted to secure this EPC, which proves the adequate service level, competitive advantage and capabilities from Yingli Solar. This contract is a milestone for us in Latin American region and we will continue to develop the business unit and strengthen our local presence. The framework agreement within both companies includes a pipeline above 1GW, which demonstrates the trust and commitment between Yingli and Jenner Renewables," said Mr. Fernando Calisalvo, the Managing Director of Yingli Europe.

Third Quarter 2017 Financial Results

• Total net revenues were RMB1,678.7 million (US$252.3 million), compared to RMB3,173.6 million in the second quarter of 2017.
• Non-GAAP basis, adjusted net loss and adjusted loss per ADS were RMB330.0 million (US$ 49.6 million) and RMB18.2 (US$2.7) respectively, compared to RMB322.8 million and RMB17.8 respectively in the second quarter of 2017.

"In Q3, with the decline of demand in China after June 30, 2017, the Company delivered 597.7 MW of PV modules in Q3 under the premise of striking a balance between operating cash flow and shipment volume," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

"Geographically, the distributed generation (DG) projects maintained strong development momentum and became the main driving force in China market. Therefore, the Company adjusted its market strategy and developed more small and medium scale customers to penetrate the DG market. In Europe, the Company continued to restructure its overseas sales network in Europe with the aim to better serve customers from Europe, Africa and Latin America, increase the operation efficiency, and decrease the operation cost."

"On the technology side, the Company continued to focus on cost reduction and efficiency improvement through increased application of the diamond wire sawing technology and optimizing production process. In addition, the Company successfully completed the research and development of n-type 5 bus-bars half-cell modules and started the research and development of multi-crystalline 12 bus-bars modules in order to better meet market demands for products with high power output."

"Based on current market conditions, the Company's current operating conditions, estimated production capacity and forecasted customer demand, we expect the PV module shipments to be in the range of 700 MW to 800 MW for the fourth quarter of 2017 and raise 2017 full year PV module shipments guidance to 2.8-2.9 GW," Mr. Miao concluded.

Business Outlook for Fourth Quarter and Full year of 2017

Based on current market conditions, the Company's current operating conditions, estimated production capacity and forecasted customer demand, the Company expects its PV module shipments to be in the estimated range of 700MW to 800MW for the fourth quarter of 2017 and raises its full year PV module shipments guidance to 2.8-2.9 GW from previous 2.5-2.8GW.

Second Quarter 2017 Financial Results

• Total net revenues were RMB3,173.6 million (US$468.1 million), compared to RMB1,238.3 million in the first quarter of 2017.
• Net loss(3) and loss per American Depositary Share (the "ADS", one ADS represents ten ordinary shares) were RMB297.6 million (US$43.9 million) and RMB16.4 (US$2.4) respectively, compared to RMB184.4 million and RMB10.1 respectively in the first quarter of 2017. On an adjusted non-GAAP basis, adjusted net loss and adjusted loss per ADS were RMB322.8 million (US$47.6 million) and RMB17.8 (US$2.6) respectively, compared to RMB191.9 million and RMB10.6 respectively in the first quarter of 2017.

"Driven by the surging demand from China due to the expected feed-in-tariff ("FiT") reduction after June 30, 2017, the Company's PV module shipments reached a record high of 1,146.6 MW in a single quarter in the second quarter of 2017, increasing by 209% over the first quarter of 2017, and exceeded previous guidance," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

"Geographically, shipments to China increased from 243MW in the first quarter of 2017 to 992MW and accounted for 86.5% of our total PV module shipments in the second quarter of 2017, as a result of successful cooperation with different types of customers. For example, the Company completed the delivery of more than 200 MW modules to a utility scale project in Hebei Province in the second quarter, which was a great contribution to the increase in shipments. The Company also enhanced its partnerships with distributors who focused on distributed generation systems, which brought considerable and relatively stable PV module shipments each month. The Company expects the Top Runner program, PV Poverty Alleviation projects and distributed generation projects in China will be the major driving forces for the Company's PV module shipments in China in the second half of 2017. In other markets, shipments to Europe, Japan, and United States all increased compared to the first quarter of 2017. In Japan, the Company successfully completed the delivery of about half of the 230MW modules ordered by the Japan's largest solar plant in the second quarter."

"On the technology side, the Company started to utilize diamond wire sawing technology in the second quarter of 2017 and plans to increase its application in the second half of 2017. This technology is expected to reduce unit production cost of PV modules by about 5%. The Company also launched a PANDA Bifacial half-cell module which could achieve over 300W of single-sided power output and 335W of double-sided power output. In addition, the Company put the Smart Hotspot Free and multi-crystalline black silicon modules in mass production in the second quarter of 2017, which further diversified the Company's product portfolio."

"Based on current market conditions, the Company's current operating conditions, estimated production capacity and forecasted customer demand, we expect the PV module shipments to be in the range of 550 MW to 600 MW for the third quarter of 2017, and we revise our shipments guidance for full year of 2017 to 2.5 GW to 2.8 GW," Mr. Miao concluded.

Business Outlook for Third Quarter and Full Year 2017

Based on current market conditions, the Company's current operating conditions, estimated production capacity and forecasted customer demand, the Company expects its PV module shipments to be in the estimated range of 550MW to 600MW for the third quarter of 2017. The Company revises the shipments guidance for full year of 2017 from 2.1-2.2GW to 2.5-2.8GW.

BAODING, China, Sept. 12, 2017 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (YGE) ("Yingli Solar" or "Yingli"), one of the world's leading solar panel manufacturers, today announced an update on the partnership with Picasolar Inc. and the progress being made to deploy an innovative Hydrogen Super Emitter (HSE) into pilot production under the Department of Energy SunShot Program.

The U.S. Department of Energy SunShot Initiative is a national effort to drive down the cost of solar electricity and support solar adoption. SunShot aims to make solar energy a low-cost electricity source for all Americans through research and development efforts in collaboration with public and private partners. Through SunShot, the Energy Department supports efforts by private companies, universities, and national laboratories to drive down the cost of solar electricity. Yingli Americas partnered with Picasolar Inc in 2016 and the collaboration received a $2m SunShot award with the goal of moving the selective emitter technology to production for n-type solar cells.

Within the first year of the partnership, absolute efficiency improvements exceeding 0.3% absolute have been demonstrated on production cells and key reliability testing has been performed at third-party laboratories. Current work is focused on further improvements in cell efficiency, demonstrating cell-to-cell process uniformity, and scaling up the manufacturing equipment.

"Module efficiency is one of the largest levers available to continue driving down the cost-per-watt," commented Sergiu Pop, Director of Business Development for Yingli Americas. "The technology developed by Picasolar not only improves conversion efficiencies but also enables us to further optimize the grid spacing to save on silver. Ultimately this delivers more value to our customers."

"Access to Yingli's manufacturing expertise has been a game-changer for us," said Douglas Hutchings, CEO of Picasolar. "Over the past year we have transitioned from optimizing the process on custom built lab cells all the way to demonstrations on cells pulled directly from manufacturing. We are working with potential funding sources to establish US based equipment manufacturing and look forward to the next stage of our growth with Yingli."

BAODING, China, Sept. 11, 2017 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (YGE) ("Yingli Solar" or "Yingli"), one of the world's leading solar panel manufacturers, today announced a partnership with WattGlass Inc., a provider of the best-in-class anti-reflection (AR) and anti-soiling (AS) coating for module glass. WattGlass is a SunShot awardee and has been working closely with Yingli Green Energy Americas (Yingli Americas) over the past twelve months to demonstrate leading performance and reliability metrics.

The U.S. Department of Energy SunShot Initiative is a collaborative national effort that aggressively drives innovation to make solar energy fully cost-competitive with traditional energy sources before the end of the decade. Through SunShot, the Energy Department supports efforts by private companies, universities, and national laboratories to drive down the cost of solar electricity to $0.06 per kilowatt-hour.

The WattGlass coating virtually eliminates reflection, glare, and fogging on glass and other transparent materials using a proprietary nanoparticle coating. The coating is uses no solvents and is completely water based which makes it easy to handle and eliminates cumbersome storage requirements. The coating improves nameplate module power output over competing coatings while also providing value to project owners through reduced operational and maintenance costs. This partnership will combine Yingli's world class manufacturing expertise with WattGlass' award winning technology and will result in a pilot demonstration in 2018.

"Yingli is focused on providing the most value to customers and we are committed to differentiating ourselves through advanced technology solutions. The WattGlass coating is an example of this commitment as it enables higher power outputs while also reducing the maintenance costs for project owners," commented Sergiu Pop, Director of Business Development for Yingli Americas. "We are evaluating the technology for implementation across our product lines and are excited to be working with WattGlass."

"The SunShot award has enabled us to complete all the necessary testing to go-to-market and we are thrilled to be working with Yingli," said Corey Thompson, CEO of WattGlass. "The WattGlass coating will provide an immediate advantage over competing technologies and the Yingli team is world-class at moving technologies from the lab to full-scale manufacturing."

BAODING, China, Sept. 1, 2017 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, today announced that one of the holders (the "Note Holder") of the medium-term notes due May 12, 2016 (the "2011 MTNs") and medium-term notes due October 13, 2015 (the "2010 MTNs") issued by Baoding Tianwei Yingli New Energy Company Limited ("Tianwei Yingli"), a subsidiary of the Company, has filed a lawsuit against Tianwei Yingli in a PRC court to recover the amount due under such MTNs.  The principal amount of the MTNs held by the Note Holder is alleged to be RMB65.7 million, representing approximately 3.7% of the total amount of the 2011 MTNs and 2010 MTNs that are still outstanding. While the Company has endeavored to resolve the dispute with the Note Holder out of court, the Note Holder recently informed the Company that it plans to continue the legal proceeding in court. The Note Holder claimed that Tianwei Yingli should repay principal, interest and overdue penalty on the MTNs for an aggregate amount of RMB74.4 million and bear costs relating to the lawsuit. Tianwei Yingli plans to vigorously defend its rights in court while continuing to seek a mutually beneficial solution out of court. Considering the amount claimed by the Note Holder, the Company does not expect this lawsuit to have any direct material impact on the Company's overall operation.

The Company has notified all holders of the MTNs of this lawsuit and expects to hold meetings with them in the near future to discuss the Company's debt restructuring, strategic alternatives and financing plans.

First Quarter 2017 Financial Results

• Total net revenues were RMB1,238.3 million (US$179.9 million), compared to RMB2,041.4 million in the fourth quarter of 2016.
• Net loss(3) and loss per American Depositary Share (the "ADS", one ADS represents ten ordinary shares) were RMB184.4 million (US$26.8 million) and RMB10.1 (US$1.5) respectively, compared to RMB1,913.7 million(4) and RMB105.3(4) respectively in the fourth quarter of 2016. On an adjusted non-GAAP basis, adjusted net loss and adjusted loss per ADS were RMB191.9 million (US$27.9 million) and RMB10.6 (US$1.5) respectively, compared to RMB583.1 million(4) and RMB32.1(4) respectively in the fourth quarter of 2016.

"Mainly affected by the the traditional seasonality in China and the soft demand along with the reduction of feed-in-tariff (FiT) in Japan, the Company's PV module shipments in the first quarter of 2017 decreased to 370.9MW, which was slightly below previous guidance. But the gross margin on sales of PV modules was maintained at 8.8% in the first quarter of 2017," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

"Geographically, we have seen a surge of orders from China since late April driven by rise in demand before the expected FiT reduction in China on June 30, 2017, and expect a significant increase of PV module shipments in the second quarter of 2017. For the second half of the year, we believe that the Top Runner program, PV Poverty Alleviation projects, and Distributed Generation projects in China will continue to provide strong support for our PV module sales. In Japan, in addition to large scale projects, we are focusing on developing new customers who are continuously developing small to middle-sized projects, including both FiT projects and non-FiT projects in local areas. We have also completed the optimization of our business in Latin Americas and started the transition of our business in EU region to a more cost-effective structure that can adapt more easily and faster to changing market conditions."

"According to information we have obtained, as the largest PV project powered by our patented PANDA Bifacial PV module, Datong 50 MW Top Runner project produced electricity from July 2016 to April 2017 that far exceeded expectation and the project's monthly power output is up to 15.6% higher than projects with traditional polycrystalline PV modules with the same capacity. In addition, the Europe's largest bifacial PV solar plant powered by our PANDA N-type bifacial PV modules was completed in early June. Such results demonstrated the success of our long-term commitment to technology innovation. We are also improving the PANDA Bifacial module by increasing its power output and working on mass production and promotion of Smart Hot-spot Free series modules." Mr. Miao concluded.

Business Outlook for Second Quarter 2017

Based on current market conditions, the Company's current operating conditions, estimated production capacity and forecasted customer demand, the Company expects its PV module shipments to be in the estimated range of 950 MW to 1,050MW for the second quarter of 2017.

BAODING, China, June 15, 2017 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (YGE) ("Yingli Green Energy" or "the Company"), one of the world's leading solar panel manufacturers, announced today that the New York Stock Exchange ("NYSE") has accepted the Company's plan for continued listing and has granted the Company an 18 month extension until August 9, 2018 to regain compliance with the NYSE's continued listing standards. As a result, Yingli Green Energy's ADSs will continue to be listed and traded on the NYSE, subject to quarterly reviews by the NYSE to monitor the Company's progress against its plan to restore compliance with continued listing standards.

Yingli Green Energy previously announced on February 15, 2017 that it was below the NYSE's continued listing standards related to market capitalization and shareholders' equity. The Company subsequently submitted a plan to regain compliance to the NYSE. Yingli Green Energy will continue to work proactively with the NYSE to maintain the listing of its ADSs during the relevant compliance period.

BAODING, China, June 12, 2017 /PRNewswire/ -- Yingli Green Energy Holding Company Ltd. ("Yingli" or "Yingli Solar") (YGE), one of the world's leading solar panel manufacturers, today announced that on June 9th, 2017, Tempress Systems B.V., part of the Amtech Group celebrated the opening of Europe's largest bifacial PV solar plant of close to 400 kilowatt-peak (kWp) capacity in the Netherlands, using n-type PANDA Bifacial modules manufactured by Yingli Solar. The plant is located next to the headquarter of Tempress in Vaassen, the Netherlands.

In contrast to standard monofacial modules, PANDA Bifacial modules generate electricity from both sides. As the rear side makes use of the reflected light from the surroundings and of diffuse light, the modules can yield up to 30% more energy compared to the situation when it only generates from the front side, depending on the circumstances. It is expected that the annual energy production of the bifacial PV plant will exceed 400 MWh.

The facility contains 1428 PANDA Bifacial n-type silicon modules with a nominal peak power ranging from 275Wp to 280Wp each. They contain solar cells based on the n-PERT technology jointly developed by Yingli Solar, Tempress Systems and ECN.

The bifacial modules have a glass front side and a glass rear side with a 30-year-linear warranty exceeding the life time of standard modules. The PANDA Bifacial modules have been independently tested for harsh environmental conditions such as exposure to salt mist, ammonia and known potential-induced degradation (PID) risk factors. The modules are equipped with n-type crystalline silicon solar cells which perform better under low light conditions than regular p-type cells.

The innovative PV plant has been developed in cooperation with Sparkling Projects and has been engineered by Schulz Systemtechnik BV who also did the installation. The modules are mounted on a fixed rack, which was specially designed for bifacial modules to optimize the rear side performance and are produced by Benz Alusysteme GmbH. Each module is equipped with micro inverters from APsystems Inc. to ensure optimal energy generation and monitor the performance of each module.

This project was granted with a SDE+ subsidy from the Dutch ministry of Economic Affairs to encourage the production of renewable energy in the Netherlands. Sebastiaan Masselink, independent advisor to the renewable energy industry, arranged the debt financing for this bifacial PV-solar project, which will be provided by sustainable lender ASN Bank.

BAODING, China, June 6, 2017 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (YGE) ("Yingli Green Energy" or "the Company"), one of the world's leading solar panel manufacturers, today announced its withdrawal from the European Union ("EU") Price Undertaking agreement (the "UT agreement").

In December 2013, the Council of the European Union adopted prior findings of the European Commission and imposed definitive anti-dumping and anti-subsidy duties on crystalline silicon photovoltaic, or CSPV, wafers, cells, and modules imported from China. In parallel, in August 2013 the European Commission accepted the UT agreement whereby certain Chinese exporters of PV products would limit their exports of solar panels to the EU to a certain quota and set prices above a fixed Minimum Import Price ("MIP"), in exchange for the EU agreeing to forgo the imposition of anti-dumping and anti-subsidy duties. Chinese exporters of PV products that did not accept the UT agreement would face anti-dumping and anti-subsidy duties, which would have been 35.5% and 6.3%, respectively, for Yingli Green Energy. Therefore, at the time the Company chose to accept and participate in the UT agreement and has since complied with its terms and conditions.

However, given that the average selling prices of PV modules in all major EU markets have continued to decline commensurate with the significantly shrinking market for PV products in recent years, the Company believes that the current MIP no longer accurately reflects the current market price environment. The Company believes that its continued acceptance of and participation in the UT agreement would harm fair competition in the market. The Company also is of the view that the UT agreement and its current MIP have the potential to hamper the development of the PV industry and to hurt PV consumers in the EU.

"Since accepting the UT agreement in 2013, we have been committed to fair trade and robust market competition by participating in the price undertaking. However, after carefully reviewing our EU operations and the current market situation, we have decided to withdraw from the UT agreement. We remain committed to our European customers and intend to continue to serve them with high-quality, reliable products through means that are feasible and available to us after the withdrawal from the UT agreement," commented Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy.

BAODING, China, June 1, 2017 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (YGE) ("Yingli Green Energy" or "the Company"), one of the world's leading solar panel manufacturers, today announced that the special committee (the "Special Committee") of its Board of Directors has engaged Ernst & Young as its financial advisor and Simpson Thacher & Bartlett LLP and Commerce & Finance Law Offices as its legal advisors. As previously announced by the Company, the Special Committee was formed in March 2017 in order to properly consider the Company's options with respect to and ultimately resolve the debt repayment issues faced by the Company's principal subsidiaries. The financial and legal advisors will assist the Special Committee in carrying out its work including assessment of the Company's operating and financial situation and evaluating, developing and recommending one or more strategic alternatives and financing plans potentially available to the Company in order to improve its debt structure.

The time that may be required for the Special Committee to complete its work and any assessment, evaluation and recommendation to be made by the Special Committee are unpredictable. No timetable has been set for the Special Committee to complete its work. No decision has been made to engage in any particular transaction or transactions. There can be no assurance that the Special Committee or the board of directors of the Company will authorize the pursuit of any strategic alternative. The Company does not expect to comment further or update the market with any additional information unless and until the Special Committee has approved a specific transaction or otherwise deems disclosure necessary or appropriate.

Fourth Quarter 2016 Financial Results

• Total net revenues were RMB2,041.4 million (US$294.0 million), significantly increased from RMB1,459.6 million in the third quarter of 2016.
• On an adjusted non-GAAP basis, adjusted net loss was RMB524.1 million (US$75.5 million), compared to RMB314.8 million in the third quarter of 2016 and RMB874.1 million in the fourth quarter of 2015; adjusted loss per ADS was RMB28.8 (US$4.2) in the fourth quarter of 2016, compared to RMB17.3 in the third quarter of 2016 and RMB48.1 in the fourth quarter of 2015.

"Primarily due to the increased demand from China and Japan, I'm pleased to announce that the Company's PV module shipments in the fourth quarter of 2016 significantly increased by 74% quarter over quarter to 635.1MW, concluding the full year 2016 with a total PV module shipments of 2.2GW, which is in line with our previous guidance. In addition, our total revenues in the fourth quarter of 2016 significantly increased by 40% compared to the third quarter of 2016," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

"Geographically, China and Japan continued to see strong demands in the quarter and remained as the two largest markets for us. Our PV module shipments to China in the fourth quarter more than doubled compared to previous quarter and accounted for 75% of our total PV module shipments in the quarter. Our PV module shipments to Japan in the fourth quarter increased by 11% compared to the third quarter and accounted for 20% of our total shipments in the quarter. Also in this quarter, we started to deliver approximately 115MW of PV modules for Japan's largest solar plant with a total capacity of 230MW and the delivery is expected to be completed in the second quarter of 2017."

"On the technology side, the Company has been actively promoting its patented PANDA Bifacial module, which can generate power not only from the front side, but also from the rear side by leveraging reflected light in the environment. Therefore, the power yields of the PANDA Bifacial module can be significantly increased compare to the situation when it only generates from the front side. In addition, the Company also completed the development of Smart Hot-spot Free series of panels in the fourth quarter, which can eliminate potential safety hazards such as fire and material degradation and ensure safety and reliability."

"Looking forward into 2017, we anticipate that China and Japan will continue to be two important markets for the Company. In China, the Company will continue to actively participate in the 'Top Runner' projects, and will pay more attention to distributed generation projects given the robust growth of the segment. In Japan, the Company is shifting to low wattage market with EPC solution due to decreasing number of mega solar projects and expects to continue to expand into the residential segment by signing residential partners across the country. In Americas, we have adjusted our marketing strategy to include the distributed generation sector which resulted in substantial growth and we have focused on building strategic partnerships with our OEM partners for the US and Latin America markets. In Europe, the Company is in the process of restructuring in order to save operation cost, maintain a healthy cash flow, and focus on the module sales business. In addition, the Company will continue to explore other international markets. For example, we are actively exploring potential business opportunities with customers across India, including a mix of small to large size EPC players, project developers and rooftop clients and have recently completed the delivery of 13.3 MW of 1500V multi-crystalline solar panels to a utility scale project in Australia."

"Based on current market conditions, the Company's current operating conditions, estimated production capacity, and forecasted customer demand, we expect our PV module shipments in the first quarter of 2017 would be in the range of 380MW to 400MW, and our PV module shipments for full year of 2017 would be in the range of 2.1GW to 2.2GW," Mr. Miao concluded.

Business Outlook for First Quarter and Full year 2017

Based on current market conditions, the Company's current operating conditions, estimated production capacity and forecasted customer demand, the Company expects its PV module shipments to be in the estimated range of 380MW to 400MW for the first quarter of 2017 and 2.1GW to 2.2GW for the fiscal year of 2017.

BAODING, China, April 3, 2017 /PRNewswire/ -- Yingli Green Energy Holding Company Ltd. ("Yingli" or "Yingli Solar") (YGE), one of the world's leading solar panel manufacturers, announced that it has produced the first interdigitated back contact (IBC) n-type solar cells based on 6-inch wafers at an industrial pilot line within just three months by adopting the new production process co-developed by Dutch research centre ECN and equipment manufacturer Tempress.

The production process is based on Yingli's commercialised PANDA process for the low-cost production of conventional n-type solar cells (n-PERT). The process was adapted for IBC-type cells using the screen printing technology for patterning and metallisation. The production of IBC cells in Yingli's industrial pilot line proves that the commercial production of efficient IBC cells is feasible on short term. 

ECN is focusing its research on n-type silicon solar cells as these are potentially more efficient than p-type cells and are less sensitive to degradation and impurities. Additionally, the back contact design of solar cells offers several advantages. They exhibit a higher voltage and deliver a higher current, because of reduced losses via recombination and a larger surface on the sunny side.

By producing the cells at Yingli, the consortium has now tackled the complexity of producing such cells. The consortium aims to produce cells that have an efficiency of 22% by the end of 2017. The development and production of commercial modules is expected for 2018. Moreover, the inherent bifacial character of the IBC cells will also allow pursuing the route of truly bifacial module technology.

"This result shows once again the synergy of our long lasting and fruitful cooperation with Yingli and ECN, who did the majority of work to achieve this. For Tempress this is an important opportunity to adapt and develop equipment and process that can be used in the production process of these next generation cells. A partner like Yingli combined with ECN, puts us in a position where developments can go really fast, which I think is best demonstrated by achievements like this. We are very thankful to have such valuable partners." commented Albert Hasper, general manager of Dutch Solar Equipment company Tempress.

The cooperation with Yingli is very important for this development, says ECN researcher Dr. Ilkay Cesar. "Yingli has the facilities to produce high-quality solar cells on a large scale at low cost. This greatly enhances our opportunities for research and development on the cell process and module integration in a new way for our program. We are happy to partner with Yingli to continue the development of commercial processes for n-type solar cells. The pilot line now provides IBC cells in sufficient quantities to enable efficient back-contact module development which will boost the Dutch and EU PV tool and material supplier industry. The ECN Industry Research Program (IRP) aims to bring our simplified IBC technology to 23% within 3 years. IRP partners can start pilot production in less than 3 months as already demonstrated by Yingli."

 "It is our honour to cooperate with ECN and Tempress in producing IBC cells and we appreciate their highly industrial focus, which will enhance the chances to bring this product to the market in the short term. This cooperation and the pilot production of IBC cells are consistent with our long-term commitments to making solar electricity affordable and accessible for all through continued technology innovation," said Dr Dengyuan Song, Chief Technology Officer of Yingli.

BAODING, China, March 17, 2017 /PRNewswire/ -- Yingli Green Energy Holding Company Ltd. ("Yingli" or "Yingli Solar") (NYSE: YGE), one of the world's leading solar panel manufacturers, today announced that Tempress Systems B.V. part of the Amtech Group has begun to construct the Europe's largest bifacial PV plant with a capacity of close to 400 kilowatt (KW). The project is located next to the headquarters of Tempress in Vaassen in the Netherlands and is expected to be completed in the second quarter of 2017. It is expected that the annual energy production of the project will exceed 400 MWh.

The project will contain 1,428 Yingli's PANDA Bifacial modules with a nominal peak power ranging from 275 Watt to 280 Watt each. PANDA Bifacial module contains n-type crystalline silicon solar cells based on the n-PERT technology jointly developed by Yingli, Tempress Systems and ECN, which can generate power not only from the front side, but also from the rear side by making use of the reflected photons that hit the module on the back side*. Therefore, the power yield of the PANDA Bifacial module can be increased by up to 30% compared to a monofacial standard module. In addition, the n-type crystalline silicon solar cells used by the PANDA Bifacial module are more sensitive for low light conditions than regular p-type cells.

The PANDA Bifacial module is comprised of two layers of 2.5mm thick tempered glass, which replace the conventional back sheet and glass structure. It also bears a 30-year-linear warranty exceeding the life time of standard modules. The PANDA Bifacial module has been independently tested for harsh environmental conditions such as exposure to salt mist, ammonia and known PID risk factors.

The project has been designed by Schulz Systemtechnik BV who will also do the installation. The modules will be mounted on a fixed rack specially designed for bifacial modules to optimize the rear side performance and are produced by Benz Alusysteme GmbH. Each module will be equipped with micro inverters from APsystems to ensure optimal energy generation and monitor the performance of each module. This project was granted with a SDE+ subsidy from the Dutch ministry of Economic Affairs to encourage the production of renewable energy in the Netherlands.

"We are proud to be the first in Europe to install a bifacial PV plant of such a large size", said Dr. Albert Hasper, General Manager of Tempress. "Besides electricity generation, this plant will also be used as a showcase to prove the benefits of using bifacial module technology."

"We are glad to receive substantial orders for our PANDA Bifacial module, which was recently introduced during the SNEC exhibition in Shanghai, May 2016 and has been improved through our continuously technology innovation," said Dr. Dengyuan Song, Chief Technology Officer of Yingli. "Tempress and ECN are our strategic partners for many years and this innovative product is a result of this long-term collaboration."

*Depending on the environmental condition of installation.

BAODING, China, March 7, 2017 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (YGE) ("Yingli Green Energy" or "the Company"), one of the world's leading solar panel manufacturers, today announced that, in order to properly consider the Company's options with respect to and ultimately resolve the debt repayment issues faced by the Company's principal subsidiaries, the Company's board of directors has formed a special committee (the "Special Committee") comprised solely of independent directors to assess the Company's operating and financial situation and evaluate, develop and recommend one or more strategic alternatives and financing plans potentially available to the Company in order to improve its debt structure.

The time that may be required for the Special Committee to complete its work and any assessment, evaluation and recommendation to be made by the Special Committee are unpredictable.  No timetable has been set for the Special Committee to complete its work. No decision has been made to engage in any particular transaction or transactions. There can be no assurance that the Special Committee or the board of directors of the Company will authorize the pursuit of any strategic alternative. The Company does not expect to comment further or update the market with any additional information unless and until the Special Committee has approved a specific transaction or otherwise deems disclosure necessary or appropriate.

BAODING, China and MADRID, Spain, Feb. 21, 2017 /PRNewswire/ -- Yingli Green Energy Holding Company Ltd. ("Yingli" or "Yingli Solar") (YGE), one of the world's leading solar panel manufacturers, today announced that its wholly owned subsidiary, Yingli Green Energy Spain, S.L.U ("Yingli Spain") has signed a 50.6 MW solar panel supply agreement with X-ELIO, a leading Spanish developer and operator of utility-scale PV systems.

The agreement is for two Japan solar power plants: the first one is called Hayato, which will install more than 52,650 pieces of YL320P-35b multi-crystalline solar panels and has a capacity of 16.9 MW; the second is called S-13, which will install more than 127,000 pieces of YL265P-29b multi-crystalline solar panels and has a capacity of 33.7 MW.

The Hayato project is expected to generate 19,700 MWh of clean electricity per year and grid interconnection is expected in December 2017. The S-13 project is expected to generate 39,400 MWh of electricity per year and to be connected to the grid in October 2017. The electricity produced by two projects is equivalent to offsetting more than 30,100 tons of CO2 emissions per year. X-ELIO is the sole proprietor of these two projects.

"This agreement is a solid provement of our strong partnership, in the long term with the key developers and operators, who rely on the quality and comprehensive service provided by Yingli. We aim to keep improving and enhance even further our collaboration with X-ELIO," said Mr. Fernando Calisalvo, the Managing Director of Yingli Spain.

BAODING, China, Jan. 31, 2017 /PRNewswire/ -- Yingli Green Energy Holding Company Ltd. ("Yingli" or "Yingli Solar") (YGE), one of the world's leading solar panel manufacturers, today announced that its wholly owned subsidiary, Yingli Green Energy Australia Pty. Ltd. (Yingli Australia) has entered into an agreement  to supply 13.3 MW of multi-crystalline solar panels for a customer in Australia.

Yingli will deliver more than 42 thousand pieces of YGE 72 Cell 1500V Series solar panels for the customer in the first quarter of 2017. With a strong durability and resistance against potential induced degradation (PID), YGE 72 Cell 1500V Series solar panels are suitable for utility scale projects. In addition, with a maximum system voltage of 1500V, YGE 72 Cell 1500V Series solar panels reduce resistive losses, thereby increasing system-level energy yield and improving the project's overall performance.

"We are pleased to secure this order in Australian, showing that our products totally meet customer's stringent requirements," said Mr. Liansheng Miao, Chairman and CEO of Yingli. "By leveraging our high quality products and experiences in this market, we will continue to work closely with and serve for our local clients."

Third Quarter 2016 Financial Results

• Total net revenues were RMB1,459.6 million (US$218.9 million), compared to RMB2,524.1 million in the second quarter of 2016.
• Net loss3 was RMB335.4 million (US$50.3 million) and loss per American Depositary Share4 (the "ADS") was RMB18.5 (US$2.8). On an adjusted non-GAAP basis, adjusted net loss was RMB263.3 million (US$39.5 million).

"Given the weakened demand in China after the feed-in-tariff adjustments and the oversupply of PV modules in the market, the Company tried to strike a balance between maintaining a healthy operating cash flow and shipment volume in the third quarter of 2016. While we shipped approximately 365MW PV modules, we achieved a positive operating cash flow in the quarter," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

"Geographically, China accounted for 56.4% of our total PV module shipments in this quarter. Internationally, demand for our PV modules in Japan remained stable and Japan accounted for 30.2% of our total PV module shipments in the quarter. We anticipate Japan will continue to be the most important international market for us in the fourth quarter of 2016 with continued demand for our PV modules."

"The Company has maintained its commitments to research and developments, and through technological upgrade, the efficiency of our patented PANDA n-type monocrystalline solar cells, which could generate electricity on both sides, increased to approximately 21% in the quarter and we expect to increase the efficiency of p-type polycrystalline solar cells to approximately 19% early next year. We will endeavor to further reduce our manufacturing cost and increase the competitive of our PV products through continued technological upgrade and the optimization of our production facilities."

"Following the feed-in-tariff adjustments, the Company adjusted its marketing strategy in China to deal with the weakened demand and declining price. The Company has given preference to orders with better payment terms in order to accelerate cash turnover, actively participated in the bidding of Top Runner program and other projects in China, and enhanced sales efforts for high efficiency modules with higher margin. Based on current market conditions, the Company's current operating conditions, estimated production capacity and forecasted customer demand, we expect our PV module shipments in the fourth quarter of 2016 would be in the range of 600MW to 670MW, and we revise our shipments guidance for full year of 2016 to 2.1GW to 2.2GW," Mr. Miao concluded.

BAODING, China, Nov. 28, 2016 /PRNewswire/ --

To announce third quarter 2016 financial results on December 8, 2016

Yingli Green Energy Holding Company Limited (YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, today announced that it plans to release its unaudited financial results for the third quarter ended September 30, 2016, before the U.S. market opens on Thursday, December 8, 2016.

Based upon preliminary data, the Company estimates that its PV module shipments in the third quarter of 2016 were in the range of 360MW to 370MW, which was within the range announced in the previous guidance. The Company estimates its overall gross margin in the third quarter of 2016 was in the range of 5% to 6%, while the gross margin from the sale of PV modules was in the range of 6% to 7%, which was lower than previous guidance mainly as a result of an inventory provision that is expected to be recorded in the third quarter and an increase in the unit manufacturing cost due to a lower utilization rate of production capacity.

These preliminary, unaudited third quarter results are based on management's preliminary review of operations for the third quarter of 2016 and remain subject to change based on management's ongoing review of the third quarter results.

BAODING, China, Nov. 22, 2016 /PRNewswire/ -- Yingli Green Energy Holding Company Ltd. today announced that The Clean Production Evaluation Index System for PV Cells (the "System") was recently officially released by the National Development and Reform Commission ("NDRC"), Ministry of Environmental Protection, and the Ministry of Industry and Information Technology ("MIIT"). The System was jointly developed by China National Institute of Standardization ("CNIS"), Yingli, World Wide Fund for Nature ("WWF"), and other leading China's PV companies. The establishment of the System was one of the commitments made by Yingli, as the first Chinese company and the first solar PV manufacturer, when joining the WWF Climate Savers Program in 2013.

CNIS, Yingli, WWF and other leading PV companies, in order to promote clean production in China's PV industry, began developing the System in September 2013. Based on the extensive experience in clean production technology and practices at Yingli and other tier one solar PV companies, the participants researched and reviewed current practices, and finalized the System design in June 2016.

As the first evaluation system of China's solar PV industry, the System establishes comprehensive evaluation indexes on the production of solar PV cells including the production process, equipment used, energy consumption, comprehensive utilization of resources, pollution emissions, product features, and clean production management. The System is a significant step forward for the promotion of clean production amongst China's solar PV cell manufacturers and will support improved energy conservation, pollution prevention, sustainable development, and lead to a more environmentally friendly Chinese solar PV industry.

"Technical standards are one of the most important measures to promote supply-side structural reform, optimize industrial restructuring, and enhance the capability of independent innovation," said, Mr. Wang Bohua, Secretary General of China Photovoltaic Industry Association. "The establishment of the System could help China's solar PV cell manufactures to promote cleaner production, improve energy conservation and reductions in emissions. The System is crucial for the sustainable development of China's solar PV cell production and the construction of an environmentally friendly society."

"The official release of this evaluation index system is a very good example to demonstrate how business can drive changes for the solar PV industry to be greener," said Ms. Chen Xin, Co-Acting Director of Climate & Energy Program of WWF China. "As one of the goals of the Climate Savers Program, WWF is committed to promoting more industrial leaders to participate in climate and energy issues to positively influence the markets, industries, and policies through their technical expertise and innovation."

"The establishment of the System is essential for the Chinese solar PV industry to transition into a greener economy and be stronger," said Mr. Gao Dongfeng, Director of the Branch of Resource and Environment of CNIS. "We hope that China's solar PV industry could take this opportunity to accelerate technical innovation in order to strengthen itself and lead the advancement of clean production worldwide."

"The System has set up a series of world leading indicators for the production of solar PV cells. Once achieved, it can help China's solar PV cell manufacturers reduce their energy consumption by approximately 20%, cut the emissions of nitrogen oxide and chemical oxygen demand both by 14%, which leads to a significant reduction of solar PV panel's energy recovery period from 1.17 year to 1 year or nearly 15%," said Mr. Song Dengyuan, Chief Technology Officer of Yingli. "It will make the solar PV industry greener and promote the concept of clean production throughout the industry."

BAODING, China, Sept. 12, 2016 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (YGE) ("Yingli Solar" or "Yingli"), one of the world's leading solar panel manufacturers, today announced that its wholly owned subsidiary, Yingli Green Energy Americas (Yingli Americas) and Picasolar Inc. are the recipients of a prestigious SunShot award from the Department of Energy to advance Picasolar's innovative Hydrogen Super Emitter (HSE) into pilot production.

The U.S. Department of Energy SunShot Initiative is a collaborative national effort that aggressively drives innovation to make solar energy fully cost-competitive with traditional energy sources before the end of the decade. Through SunShot, the Energy Department supports efforts by private companies, universities, and national laboratories to drive down the cost of solar electricity to $0.06 per kilowatt-hour. Picasolar has previously received two SunShot awards to develop the novel selective emitter approach for n-type solar cells.

The HSE process enables higher efficiency while reducing the amount of silver required during cell production. Laboratory demonstrations verified by a third party have shown over 1% absolute efficiency improvements while eliminating 15% of the silver grid lines. This collaborative SunShot project will combine Yingli's world class manufacturing expertise with Picasolar's award winning technology and will result in a pilot demonstration in 2017.

"Yingli is committed to delivering the highest performance modules at the best cost for consumers. Continued development of advanced solar cell technologies is a big part of achieving this goal," commented Sergiu Pop, Director of Strategic R&D for Yingli Americas. "Successfully completing this project will result in additional competitive advantages for Yingli and we are very excited to be working with Picasolar."

"Picasolar is thrilled to be working with Yingli and we are impressed by their commitment to long term value creation through technology development," said Douglas Hutchings, CEO of Picasolar. "Even the world's best technology doesn't have an impact unless it makes into manufacturing. Working with the team at Yingli we can help ensure that this technology gets to market."

BAODING, China, Aug. 30, 2016  /PRNewswire/ -- Yingli Green Energy Holding Company Ltd. ("Yingli" or "Yingli Solar") (YGE), one of the world's leading solar PV module manufacturers, today announced the launch of three new module series in the United States.

Yingli Smart Module Series, certified by Underwriters Laboratory (UL), features integrated module-level power optimizers produced by SolarEdge (SEDG), a global leader in PV inverters, power optimizers, and module-level monitoring services. Ideal for the residential and commercial market segments, Yingli Smart Modules increase energy harvest at the module level and enable more flexible system design thanks to embedded SolarEdge power optimizers.

Besides, Yingli's TwinMAX 60 Cell is a frameless module comprised of two layers of 2.5 mm thick semi-tempered glass, which replaced the conventional back sheet and glass structure. As the backside makes use of the reflected light from the surroundings, the modules can yield up to 30% more power, depending on the albedo. Ideal for harsh environment conditions, TwinMAX modules carry a 30-year linear warranty, which could provide more than 20% power gain for customers compared to industry standard 25-year linear warranty.

Furthermore, built with the best P-type monocrystalline cells, UL-Certified YLM Series offer high conversion efficiency and high-transmission glass with a unique anti-reflective coating that directs more light on the solar cells, resulting in a higher energy yield. YLM Series are available in both 60-cell and 72-cell series which enhances its versatility for a wide range of applications going from residential and commercial projects to large-scale power plants.

The three new module series will be introduced to the U.S. market at Solar Power International on September 12-15. This year, Yingli's SPI booth will showcase innovation and solutions that maximize performance and ROI. Join us at Booth #1815 in Las Vegas Convention Center to learn more about our latest products.

Second Quarter 2016 Financial Results

• Total net revenues were RMB2,524.1 million (US$379.8 million), compared to RMB2,351.1 million in the first quarter of 2016.
• Net income3 was RMB71.8 million (US$10.8 million) and earnings per American Depositary Share4 (each representing ten ordinary shares of the Company, the "ADS") was RMB4.0 (US$0.6). On an adjusted non-GAAP basis, adjusted net income was RMB106.8 million (US$16.1 million), and adjusted income per ADS was RMB5.9 (US$0.9).

"We are delighted to report another solid quarter with a net profit of RMB71.8 million in the second quarter of 2016. Our total PV module shipments, including shipments to our own downstream PV projects, reached 662.0MW in the second quarter, representing an increase of approximately 30% from the first quarter of 2016," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

"In the second quarter, we maintained a positive momentum and our overall gross margin was 18.2% even though the average selling price of our PV modules was lower in the quarter than the first quarter of 2016 mainly as a result of higher proportion of shipments to China, where the selling price of PV modules generally is lower than that in other markets."

"We saw robust demand from China in the second quarter of 2016 as PV projects that were operational before June 30, 2016 are entitled to a higher feed-in tariff, and we increased our PV module shipments to China by more than 100% from the first quarter of 2016 by leveraging our cooperative relationships with certain large clients such as state-owned enterprises controlled by central and local governments in China as well as influential privately owned enterprises with strong financial background. Internationally, Japan continued to be the most important international market for us and our shipments to Japan accounted for more than 20% of our total PV module shipments in the second quarter of 2016, which was the seventh straight quarter that our shipments to Japan exceeded 120 MW. As the extension of ITC policy, the U.S. continued to see a stable demand and continued to be important international market for us. We continued to supply PV modules for utility scale projects in western U.S. in the second quarter of 2016."

"Looking forward to the second half of 2016, we expect to face various challenges, such as the downward trend of average selling price of PV module as a result of increasing competition in various markets and higher anti-dumping and countervailing duty tariff in U.S. To deal with such challenges, we will continue to make every effort to reduce production cost, control operating expenses, and adjust our marketing strategies as necessary in order to keep a positive momentum and maintain a healthy operation," Mr. Miao concluded.

Business Outlook for Third Quarter 2016

Based on current market conditions, the Company's current operating conditions, estimated production capacity and forecasted customer demand, the Company expects its PV module shipments to be in the estimated range of 300MW to 400MW for the quarter ending September 30, 2016. The Company also expects its gross margin in the third quart of 2016 to be in the estimated range of 12.5% to 14%.

BAODING, China, July 5, 2016 /PRNewswire/ -- Yingli Green Energy Holding Company Ltd. ("Yingli" or "Yingli Solar") (YGE), one of the world's leading solar panel manufacturers, today announced that the draft of The Clean Production Evaluation Index System of PV Cell (the System) has been examined by subject matter experts at a conference at the end of June 2016, which was the first evaluation system in PV industry. Sponsored by National Development and Reform Commission ("NDRC") and the Ministry of Industry and Information Technology ("MIIT"), China National Institute of Standardization (CNIS), China Research Academy of Environmental Science (CRAES), Yingli, along with other Chinese major leading solar companies, were part of the project team to set up the System since September 2013.

During the conference, a panel consisting of officials from NDRC and MIIT as well as experts from CNIS, CRAES, and the PV industry discussed the System and reviewed the draft. They concluded that the System included scientific and reasonable indexes reflecting the characteristics of cleaner production of PV cells with strong operability. The panel also suggested further modifying the draft according to the comments of the reviewers and submitting it to NDRC, MIIT, and the Ministry of Environmental Protection for a joint release.

Based on investigations of the clean production status of tier one PV companies in China, the System establishes comprehensive evaluation indexes on the production of PV cells including the production process, equipment used, energy consumption, comprehensive utilization of resources, pollution emission, product feature, and clean production management. The establishment of the System is critical to the sustainable development of PV cell production in China by improving energy conservation and emissions reduction.

"Yingli expects to help lead and establish a benchmark for the clean production of PV industry in China through the System. Through the System, we are not only showing our commitment to provide green energy for all, but we are also pioneering the trend of clean production in the photovoltaic industry through technology advancements and reduction of carbon emissions in order to give back to our communities and protect the environment," said Mr. Dengyuan Song, Chief Technology Officer of Yingli.

First Quarter 2016 Financial Results

• Total net revenues were RMB2,351.1 million (US$364.6 million), compared to RMB2,110.0 million in the fourth quarter of 2015.
• Net income3 was RMB79.6 million (US$12.3 million) and earnings per American Depositary Share4 (each representing ten ordinary shares of the Company, the "ADS") was RMB4.4 (US$0.7). On an adjusted non-GAAP basis, adjusted net income was RMB73.3 million (US$11.4 million), and adjusted income per ADS was RMB4.0 (US$0.6).

"We are glad to announce that we achieved profitability in the first quarter of 2016, which was our first profitable quarter since the third quarter of 2011. Our gross profit was RMB469.3 million in the first quarter, increased approximately 90% quarter over quarter, representing a gross margin of 20.0%, up from 11.8% in the fourth quarter of 2015. Our income from operations and net income reached RMB186.4 million and RMB79.6 million, respectively, in the first quarter while we had loss from operations and net loss in the previous quarter. By now, we have accumulatively shipped over 15GW of PV modules across the world, marking an important milestone in our development," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

"Internationally, we focused on major PV markets with relatively higher selling prices in the first quarter in order to improve our profitability. Our shipments to Japan continued to increase and shipments to Japan as a percentage of our total shipments increased to approximately 40% in the first quarter of 2016 from approximately 30% in the fourth quarter of 2015. We expect the strong demand from Japan to continue in 2016 before Japan's announced reduction of subsidies for PV power becomes effective in April 2017. We also had a solid first quarter in the United States with shipments to the U.S. representing approximately 14% of our total shipments in the quarter as compared to approximately 10% in the fourth quarter of 2015, and we expect to maintain our position in the U.S. with orders from a stable base of run rate customers. In China, we have secured orders of approximately 820MW by the end of May due to robust demand in the first half of 2016."

"In May 2016, we successfully commercialized our bifacial series of monocrystalline modules, which were installed on a 50MW power plant in Datong, Shanxi province under China's "Top Runner" program and can generate electricity from both the front and rear sides of the cells, allowing power yields of up to 30% more than traditional monocrystalline modules. We plan to continue to focus on high-end products reflecting technological advancements to improve average module gross margin and enhance our position in the competitive domestic market this year."

"Despite the challenges we face, we have achieved a remarkable improvement in our financial performance in the first quarter of 2016. We endeavor to make every effort to keep such momentum and maintain a healthy operation," Mr. Miao concluded.

Business Outlook for Second Quarter 2016

Based on current market conditions, the Company's current operating conditions, estimated production capacity and forecasted customer demand, the Company expects its PV module shipments to be in the estimated range of 580MW to 620MW for the quarter ending June 30, 2016. The Company also expects its gross margin in the second quart of 2016 to be in the estimated range of 18% to 20%.

BAODING, China, June 6, 2016 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, known as "Yingli Solar," today announced that it plans to release its unaudited financial results for the first quarter ended March 31, 2016, before the U.S. market opens on Tuesday, June 14, 2016.

Based upon preliminary data, the Company estimates that its net income for the first quarter of 2016 turned into positive for the first time since the third quarter of 2011, with an estimated net margin of 2.5% to 4.5%. The Company estimates that its PV module shipments in the first quarter of 2016 were in the range of 500-510MW, which were at the high end of its previous guidance of 480 MW to 510 MW. The Company also estimates that its overall gross margin in the first quarter of 2016 was in the range of 18.5% to 20.5%, representing a significant increase from the fourth quarter of 2015, which was primarily due to the higher average selling price of the Company's PV modules compared to the fourth quarter of 2015 mainly as a result of higher proportion of shipments to Japan, where the selling price of PV module generally is higher than that in other markets.

These preliminary first quarter results are based on the Company's management's preliminary review of operations for the first quarter of 2016 and remain subject to change based on the management's ongoing review of the first quarter results.

BAODING, China, May 12, 2016 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, today announced that its subsidiary, Baoding Tianwei Yingli New Energy Company Limited ("Tianwei Yingli"), did not repay its RMB1.4 billion of medium-term notes due today (the "2011 MTNs") or the remaining portion of its RMB1.0 billion of medium-term notes due on October 13, 2015 (the "2010 MTNs").

To the Company's knowledge, none of the holders of the 2011 MTNs or the 2010 MTNs or other creditors of the Company has taken any immediate action against Tianwei Yingli or the Company following Tianwei Yingli's failure to repay the 2011 MTNs and the 2010 MTNs today. As disclosed in the Company's press release issued yesterday, Tianwei Yingli is still in the process of actively discussing with the holders of the 2011 MTNs and the 2010 MTNs about potential extension of the repayment dates of both MTNs. The Company is exploring various alternative financing plans for repayment of both MTNs such as: 1) introduction of strategic investors to invest into the Company and the Company's subsidiaries, 2) introduction of new creditors to grant new borrowings to the Company or the Company's subsidiaries, and 3) sales of certain long-lived assets including land use rights to obtain additional funds.

Fourth Quarter 2015 Financial Results

• Total net revenues were RMB 2,110.0 million (US$ 325.7 million), compared to RMB2,233.9 million in the third quarter of 2015.
• On an adjusted non-GAAP basis, adjusted net loss was RMB 842.1 million (US$ 130.0 million), and adjusted loss per ADS was RMB 46.3 (US$ 7.2).

"We are pleased to announce that we have improved the overall utilization rate of our production capacity to more than 80% in the fourth quarter and achieved an annual PV modules shipment of over 2.4GW in 2015 with support from local governments, banks and business partners, despite our tight operating cash flow during the period as a large amount of medium-term notes became due and we repaid a substantial portion of them in 2015," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

"In 2015, despite the financial challenges, we achieved satisfactory performance in overseas markets. We achieved significant growth in Japanese market with annual shipment to Japan increased by over 18% year-over-year and the quarterly shipment to Japan accounted for approximately 30% of our total shipment in the fourth quarter of 2015. We have seen strong momentum in North Americas as we continued deliveries to repeat customers across the United States and began deliveries to a large utility scale project in Texas. The downstream project portfolio of Yingli Europe has more than doubled since our last earnings call with over 70% of Yingli Europe's project portfolio located in emerging African markets. We also had a sound presence in various emerging markets with total sales to such markets representing 18.3% of total revenues in 2015, increased from 14.8% in 2014 and we delivered 120 MW solar panels to the largest hybrid solar photovoltaic and concentrated solar power plant in Latin America and 125 MW solar panels to a solar power plant in Algeria."

"In 2016, with a series of supportive policies for the solar industry issued by the Chinese government, we will strive to continue to strengthen cooperation with our large clients such as state-owned enterprises controlled by central and local governments in China as well as influential private enterprises, funds, EPCs with strong financial background in order to increase our sales in the domestic market and accelerate our working capital turnover. By the end of April, we had secured PV module orders of over 700 MW from China in 2016, among those, more than half are covered by full amount cash prepayment agreements."

"Looking ahead, we expect 2016 to be an important year of transformation for us. We will continue to actively explore methods to improve our operating fundamentals through reducing manufacturing costs and related expenses and pursuing various alternative financing options including restructuring our debts as feasible in order to achieve a successful transformation," Mr. Miao concluded.

Business Outlook for First Quarter and Fiscal Year 2016

Based on current market conditions, the Company's current operating conditions, estimated production capacity and forecasted customer demand, the Company expects its PV module shipments to be in the estimated range of 480 MW to 510 MW for the quarter ending March 31, 2016 and 2.6 GW to 3.0 GW for the fiscal year ending December 31, 2016. The Company also expects its gross margin in the first quart of 2016 to be in the estimated range of 17 % to 19%.

BAODING, China and SAN FRANCISCO, April 21, 2016 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (YGE) ("Yingli" or "Yingli Solar"), one of the world's leading solar panel manufacturers, today announced its new utility-scale product line, the YGE-U 1500 Series, is available in the Americas. Underwriters Laboratory (UL) recently certified the new panel series for use in projects with maximum system voltages up to 1500 volts DC.

There are considerable benefits to project economics gained through the reduction of balance-of-system costs (BOS) and improvement in large-scale PV system performance gained by deploying Yingli's multicrystalline YGE-U 1500 Series. This product represents an improvement over traditional modules which are typically designed for maximum system voltages of 1000 V DC. Available in power classes up to 340 W, the YGE-U 1500 Series drives BOS savings by decreasing the required number of home run cables, combiner boxes, and fuses in a given project. The higher maximum system voltage also reduces resistive losses, thereby increasing system-level energy yield and improving the project's overall performance.

"With industry analysts citing installation cost savings as high as $0.05 USD per watt when deploying large-scale 1500 V projects, higher maximum system voltages will soon become the industry standard," commented Jeffrey Barnett, Managing Director of Yingli Green Energy Americas, Yingli's U.S. subsidiary. "Our YGE-U 1500 Series, which features a sturdy aluminum frame that is compatible with standard mounting, racking, and tracking solutions, is ideally suited for 1500 V applications."

"Demand for framed 1500 V modules like our YGE-U 1500 Series is on the rise, but particularly in the U.S. and Latin America," commented Alan King, Vice President of Sales at Yingli Green Energy Americas. "We're pleased to bring this innovative product to market by supplying utility and large commercial projects with our high-performing 1500 V technology."

BAODING, China, April 12, 2016 /PRNewswire/ -- Yingli Green Energy Holding Company Ltd. ("Yingli" or "Yingli Solar") (YGE), one of the world's leading solar panel manufacturers, today announced that its wholly owned subsidiary, Yingli Green Energy Europe GmbH ("Yingli Europe") has entered into an exclusivity agreement with an European EPC Partner ("Partner") to supply solar panels to PV projects that are expected to be developed and constructed in the Dominican Republic. According to the exclusivity agreement, Yingli Europe expects to supply up to 200 megawatts ("MW") of solar panels to the Partner. The exclusivity period will run until mid-2019, during which the commercial terms are also fixed by the agreement. To date, 50 MW of projects are at the advanced stage with anticipated construction during 2017 and the balance of 150 MW is at the preliminary stages of the development.

"With the European market facing headwinds," said Norman Luth, Project Manager at Yingli Europe, "we have continued to work alongside our long-term European Partners to help support the export of European know-how and experience to emerging markets around the world. This agreement illustrates the success of this approach underpinned by strong, flexible and transparent commercial relationships we have invested in for many years within the European arena." 

"The combination of European EPC technical and economic efficiency, honed over many years in a challenging European market, and Yingli's leading brand with over 14 gigawatts of proven product performance in the field creates a potent force for the diffusion of solar electricity generation infrastructure in emerging markets," commented Mr. Liansheng Miao, Chairman and CEO of Yingli. "Such collaborations set the foundations for a cleaner and greener energy future."

BAODING, China, March 23, 2016 /PRNewswire/ -- Yingli Green Energy Holding Company Ltd. ("Yingli" or "Yingli Solar") (YGE), one of the world's leading solar panel manufacturers, today announced it has published its 2015 Sustainability Report (the "Report").

The Report provides information on Yingli's sustainability performance from 2013 through 2014, with updates on its progress in areas that were covered in detail in Yingli's inaugural Sustainability Report.

"By the end of 2013, we had already met and gone beyond the GHG emissions reduction targets we set for 2015," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli. "We achieved these targets by working to continuously improve our management of product quality, environment, and energy, and boost our resource and energy efficiency. Over the next year, Yingli will set for itself higher emissions reduction targets as part of a long-term strategic plan to address sustainability in our operations."

MADRID, Spain, Feb. 5, 2016 /PRNewswire/ -- Yingli Green Energy Holding Company Ltd. ("Yingli" or "Yingli Solar") (YGE), one of the world's leading solar panel manufacturers, has recently signed an agreement with Iberdrola, for the new product "Smart Solar Iberdrola", the turnkey solar PV solution that Iberdrola has set up to its customers which offers the possibility to generate and consume their own electricity by installing this technology. 

The signing ceremony was held at the offices of Iberdrola in Madrid, which was attended by Raquel Blanco, Director of Efficiency and Energy Services of Iberdrola, and Fernando Calisalvo, Managing Director of Yingli Green Energy Spain, a wholly owned subsidiary of Yingli.

Through this partnership, Yingli will provide Iberdrola with its extensive portfolio of solar panels, experience and best resources including technical and human, for assembly work, configuration and monitoring of equipment performance, and preventive and corrective maintenance, to make sure the systems perform as safely and efficiently as possible. Thus, installers and technicians of Iberdrola will have technical assistance and training from Yingli, ensuring that the construction and implementation of the facilities are in the best conditions of quality, speed and safety.

"We are very pleased to have the cooperation of Yingli Solar as we aim to provide a comprehensive solution that meets all the needs of a client who wants to become self-consumer electricity using PV. To do this, have one of the largest manufacturers of solar panels in the world is important," said Raquel Blanco Director of Efficiency and Energy Services of Iberdrola.

"We are pleased to join IBERDROLA'S SMART SOLAR strategy, which is fully aligned with our downstream focus," said Fernando Calisalvo Managing Director of Yingli Green Energy Spain. "We are committed in the promotion and development of clean energy affordable to everyone, through our expertise and high-quality products and services".

BAODING, China and BANGKOK, Jan. 12, 2016 /PRNewswire/ -- Yingli Green Energy Holding Company Ltd. ("Yingli" or "Yingli Solar") (YGE), one of the world's leading solar panel manufacturers, today announced that its holding subsidiary, Hainan Yingli New Energy Resource Co, LTD. ("Hainan Yingli"), has entered into definitive agreements to form a joint venture ("JV") to establish a new solar panel factory in Thailand with Demeter Corporation PLC's subsidiary, Demeter Power Company Limited ("Demeter Power"), a Thailand-based developer, EPC provider, and operator of renewable energy projects.

According to the agreements, Hainan Yingli will hold a 40% stake in the JV and the JV will fully implement the project with a capital investment of approximately 689 million Thai Baht ($19 million USD). The new factory will be located in Pruckdang district in Rayong, Thailand and have an annual capacity of 300 megawatts (MW) of multicrystalline PV panels, which will be sold by Yingli under the Yingli Solar brand name. The facility is expected to begin operating in the second half of 2016.

"We are proud to establish our first overseas manufacturing operations in partnership with Demeter Power, and we hope to expand the new factory's production capacity across the PV value chain in the future," commented Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. "Manufacturing PV panels in Thailand will enable the company to operate more competitively in overseas markets as well as in the emerging markets of Southeast Asia."

"We would like to join with Yingli to establish our first solar module manufacturing operation here in Thailand," commented Mr. Apichet Bhusry, CEO of Demeter Corporation PLC. "Thailand's favorable business climate, coupled with it generous tax incentive scheme, world class infrastructure, and continued government support for the expanding solar power industry make Thailand a perfect place for our new joint venture with Yingli."

BAODING, China, January 6, 2016 /PRNewswire/ -- Yingli Green Energy Holding Company Limited ("Yingli Green Energy" or the "Company") (NYSE: YGE), one of the world's leading solar panel manufacturers, today announced that it was notified by the New York Stock Exchange ("NYSE") that the Company had regained compliance with NYSE's continued listing criteria regarding the price of its American depositary shares ("ADS") (each representing 10 ordinary shares of the Company) since, due to the ADS-to-ordinary share ratio change previously announced by the Company, the average closing price of the ADSs for the consecutive 30 trading days ended December 31, 2015 and the closing price of the ADSs on December 31, 2015 both exceeded US$1.00.

"We are pleased to have regained compliance with NYSE's continued listing requirement," commented Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. "We look forward to building shareholder value and the enhanced visibility and liquidity afforded by continued listing of our ADSs on the NYSE."

BAODING, China, December 17, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited ("Yingli Green Energy" or the "Company") (NYSE: YGE), one of the world's leading solar panel manufacturers, today announced that it will change the ratio of its American Depositary Shares ("ADSs") to ordinary shares, par value US$0.01 per share ("Shares") from one (1) ADS to one (1) Share to one (1) ADS to ten (10) Shares (the "Ratio Change"). The effective date of the Ratio Change is expected to be December 28, 2015.

Each shareholder of record at the close of business on December 28, 2015 will be required to exchange every ten (10) ADSs then held for one (1) new ADS. The effect on the ADS price will take place on December 28, 2015.

For Yingli Green Energy's ADS holders, the Ratio Change will have the same effect as a one-for-ten reverse ADS split. There will be no change to Yingli Green Energy's underlying Shares. ADS holders will be required to surrender their existing ADSs in exchange for new ADSs of the Company. No new Shares will be issued in connection with the Ratio Change.

JPMorgan Chase Bank, N.A. will contact ADS holders and arrange for the exchange of their current ADSs for new ADSs. As a result of this Ratio Change, the ADS price is expected to automatically increase proportionally, although the Company can give no assurance that the post-change ADS price will be equal to or greater than the pre-change ADS price multiplied by the ratio.

The Company believes that the Ratio Change is in the best interests of its shareholders as it will assist the Company in regaining compliance with the minimum average closing price continued listing standard of the New York Stock Exchange. However, the Company can give no assurance that this goal will be achieved upon the effectiveness of the Ratio Change.

Third Quarter 2015 Financial Results

• Total net revenues were RMB2,233.9 million (US$351.5 million) in the third quarter of 2015, compared to RMB2,716.1 million in the second quarter of 2015 and RMB3,385.2 million in the third quarter of 2014. 
• Adjusted non-GAAP loss per ordinary share and per ADS was RMB2.33 (US$0.37) in the third quarter of 2015, compared to RMB3.29 in the second quarter of 2015 and RMB0.62 in the third quarter of 2014.

"Through our intense and concerted efforts, we managed to improve the overall utilization rate of production facilities (including production as original equipment manufacturer, or OEM) to approximately 70% in the third quarter of 2015 and increased our gross margin significantly despite of the cash shortage," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

"During the third quarter of 2015, the Company has deployed more flexible strategies by prioritizing full-payment orders or orders with competitive profit margins, aiming to accelerate working capital turnover. As of the end of third quarter, Yingli had signed a total of approximately 350MW of supply agreements with full cash prepayment in China. In Japan, through close communications with long term partners, the Company recorded the seventh straight quarter of delivering over 120MW with accumulative shipments exceeding 1.5GW in Japan. In the U.S., the Company is well positioned given competitive trading tariff rates applicable to its products and high brand recognition. Our sales in the distributed generation sector continued with a satisfying momentum while several megawatts utility sector deals began deliveries in the quarter."

"As one of the world's leading PV companies, Yingli is committed to all possible efforts to improve its operating fundamentals and has obtained recognition and dedicated support from all relevant parties including the government authorities and commercial banks. Through various measures including disposal of PV project assets, the potential introduction of strategic investors and potential new cooperation models with our business partners, we will continue to enhance our cash position in order to gradually improve our financial position in the future," Mr. Miao concluded.

Business Outlook for Fourth Quarter and Fiscal Year 2015

Fourth Quarter of 2015

Based on current market conditions, the Company's current operating conditions, estimated production capacity and forecasted customer demand, the Company expects its PV module shipments to be in the estimated range of 420MW to 440MW for the quarter ending December 31, 2015.

Fiscal Year 2015

Based on current market conditions, the Company's current operating conditions, estimated production capacity and forecasted customer demand, the Company expects its total PV module shipments to be 2.35GW to 2.40GW for the fiscal year ending December 31, 2015.

BAODING, China, Nov. 30, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Ltd. ("Yingli" or "Yingli Solar") (NYSE: YGE), one of the world's leading solar panel manufacturers, today announced that its wholly owned subsidiary, Yingli Green Energy Europe GmbH ("Yingli Europe") and R.Power Sp. z o.o. ("R.Power"), a leading Polish renewable energy project developer formerly known as AMB ENERGIA, have agreed to expand their joint project development pipeline in Poland from 30 to 60 megawatts ("MW").

As an extension of the two companies existing partnership, Yingli Europe and R. Power aim to develop a total of 60 MW of ground-mounted projects in Poland to be ready for inclusion into the auction systems in 2016 and 2017. According to the companies' agreements, each party will hold 50% of the projects with the intention of selling them to investors once operational. Development of the projects is well underway with the first bundle of projects already at advanced stages.

"The extension of this strategic partnership exemplifies Yingli Europe's successful global downstream project development business and strategy, which centers on identifying strong local partners to collaborate with in key regions of the world for project opportunities," said Mr. Manuel Seiffe, Poland Project Director of Yingli Europe.

"We are very pleased to extend our partnership with Yingli, one of the world's PV industry leaders. This joint venture is an ideal set-up to co-develop, implement and commission projects across Poland. Yingli understands the complex development process and local business requirements as well as global energy trends and is an ideal partner for us to grow our business and to promote the benefits of solar energy in Poland," commented Mr. Przemyslaw Pieta, Chief Executive Officer of R.Power.

"R.Power is already a leader in developing PV and wind projects in Poland and has one of the largest portfolios of PV projects in the country. It has built up a team of highly experienced professionals with in-depth knowledge of the Polish energy sector," commented Mr. Liansheng Miao, Chairman and CEO of Yingli. "Together, we can expedite the deployment of solar, support Poland reaching its EU targets, and expand our footprint in the country."

Poland's renewable energy capacity is expected to grow in light of the European Union emissions rules, in which Poland aims to have renewable sources account for 15% of its energy by 2020. According to the plans by the Polish Ministry of Economy, a total of 11GW of RES installations shall be added by 2020. Whereas wind will most likely play the dominant role in next year's auction, solar PV will capture a significant portion of the awarded renewable energy projects.

BAODING, China, November 25, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited ("Yingli" or "Yingli Solar") (NYSE:YGE), one of the world's leading solar panel manufacturers, today announced that it plans to release its unaudited financial results for the quarter ended September 30, 2015, before the U.S. market opens on December 2, 2015.

Based upon preliminary data, the Company expects that its total net revenues in the third quarter of 2015 were in the range of US$340 million to US$350 million, in line with the management's previous estimation. In addition, the Company estimates that its overall gross margin in the third quarter of 2015 was in the range of 8% to 9%, increased from 6.3% in the second quarter, as a result of increase in average selling price and decrease in unit cost of PV modules. Meanwhile, the Company estimates that its PV module shipments (excluding OEM production for third parties) in the third quarter of 2015 were in the range of 450MW to 460 MW, compared to its previous guidance of 550MW to 580MW. The lower-than-expected shipments were due to a lower-than-expected utilization of production facilities for in-house PV module.

Further to the Company's announcement on September 8, 2015, the Company expects to recognize a non-cash impairment charge on long lived assets totaling RMB3,694.2 million (US$581.3 million) in the third quarter of 2015, which was mainly due to the lower-than-expected utilization of certain production facilities of the Company in 2015.

These preliminary, unaudited third quarter results are based on management's preliminary review of operations for the third quarter of 2015 and remain subject to change based on management's ongoing review of the third quarter results.

BAODING, China, November 2, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited ("Yingli" or "Yingli Solar") (NYSE:YGE), one of the world's leading solar panel manufacturers, today announced that its wholly owned subsidiary, Yingli Green Energy Europe GmbH ("Yingli Europe") has partnered with Motif Proje ve Insaat Ltd. Sti ("Motif Proje"), one of Turkey's first renewable energy consulting partners, to develop a 20 megawatt (MW) PV project pipeline in Turkey. Motif Proje focuses on developing solar projects and has already implemented several reference projects in the region.

The two companies' first jointly developed 10 MW project portfolio is located across 4 sites covering approximately 18 hectares in western Turkey. Development is now underway and construction is expected to begin in Q2 of 2016. Yingli and Motif Proje also intend to collaborate on an additional 10 MW pipeline in Turkey, which they expect to complete by the end of 2016.

"Turkey is an extremely promising market for solar project development due to its growing demand for electricity, large population of over 75 million people, and high levels of solar irradiation. There are currently 200 MW of PV projects under construction and additional 5 GW under application in Turkey," said Mr. Anian Schreiber, Turkey Project Manager of Yingli Europe. "With the support of Motif Proje, we can rapidly scale our development activities in this high-potential market."

"We are delighted to partner with Yingli because of their expertise and strong track record of success in entering emerging markets as both a developer and PV supplier," said Mr. Deniz Selkan Polatkan, Managing Director of Motif Proje. "Yingli is an ideal partner in our mission to build a sustainable solar business in Turkey. We are confident that patient and sustainable companies will be successful in the Turkish PV market."

"Motif Proje's deep understanding of the local market and country requirements will help Yingli strategically grow its presence in Turkey," commented Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. "We are pleased to collaborate Motif Proje and look forward to further expanding our joint project pipeline."

BAODING, China, October 13, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited ("Yingli Green Energy" or "the Company") (NYSE:YGE), one of the world's leading solar panel manufacturers, today announced that its holding subsidiary, Baoding Tianwei Yingli New Energy Company Limited ("Tianwei Yingli"), has substantially repaid the Mid-Term Notes ("MTNs") due today, which was previously restructured to be paid by the end of 2015. Approximately 70% of the MTNs including interest totaling $110 million USD (700 million RMB) were repaid from the liquidation of idle land and demolition of facilities held by Fine Silicon, one of the Company's wholly-owned subsidiaries.

The MTNs were issued by Tianwei Yingli in October, 2010 as five-year unsecured notes totaling $157 million USD (1.0 billion RMB). The Company continues to work closely with the MTNs holders for repayment of the remaining portion of MTNs and expects such remaining portion to be repaid within one year.

BAODING, China, September 30, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited ("Yingli Green Energy" or "the Company") (NYSE:YGE), one of the world's leading solar panel manufacturers, today announced that its holding subsidiary, Baoding Tianwei Yingli New Energy Company Limited ("Tianwei Yingli"), plans to restructure the repayment plan for $157 million USD (1.0 billion RMB) of mid-term notes ("MTNs") due on October 13, 2015.

The MTNs were issued by Tianwei Yingli as five-year unsecured notes. The Company expects to receive approximately $138 million USD (875 million RMB) as the compensation ("the Compensation") from the liquidation of idle land and demolition of facilities held by Fine Silicon, one of the Company's wholly-owned subsidiaries. The Company believes it will be able to collect a substantial amount of the Compensation to partially repay the MTNs before the end of 2015. The remaining amount of the MTNs is expected to be repaid within one year, and will be collected from various financing sources, including the Company's collection of accounts receivables.

"The Company has established good will with our major notes-holders through the successful repayment of our mid-term notes due this May, which amounted to $188 million USD, and we are closely communicating with the notes-holders again around this revised repayment plan," commented Mr. Yiyu Wang, Chief Financial Officer of Yingli Green Energy.

For further clarification, the Company will host a conference call at 8:00 AM U.S. Eastern Daylight Time (GMT+8, 8:00 PM), on September 30, 2015. The Company's managements will attend the conference call and answer questions from our investors and the market.

BAODING, China, September 24, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited ("Yingli" or "Yingli Solar") (NYSE:YGE), one of the world's leading solar panel manufacturers, today announced that it recently signed several agreements with Qingdao New Energy Solutions Inc. (NESI), a leading provider of agricultural and industrial building-integrated photovoltaic (BIPV) and utility-scale solar solutions, for the supply of 130 megawatts (MW) of high quality solar panels. Yingli has begun to deliver the first 30 MW and expects to complete the delivery by the end of September 2015.

According to the terms of the companies' supply agreements, Yingli will supply the remaining 100 MW of solar panels by the end of the second quarter of 2016. These panels will be used in utility-scale projects, industrial rooftop systems as well as BIPV agricultural solutions, in Zhejiang, Inner Mongolia, Shandong and other provinces in China.

In total, Yingli will provide NESI with more than 500,000 multicrystalline YGE 60 Cell Series solar panels that are expected to generate approximately 150,000 megawatt-hours (MWh) of clean energy per year once operational. The clean energy they produce will offset about 120,000 tons of carbon emissions annually.

"As a leading supplier of agricultural and BIPV solutions in China, we are excited to begin our partnership with Yingli and expect the company to become one of our preferred suppliers," commented Mr. Shen Jianfei, Chief Operations Officer of NESI. "In August, NESI announced our collaboration with several state-owned banks and other entities to establish China's first agricultural PV project fund. As such, we intend to gradually increase our exposure to solar PV assets and hope to continue partnering with Yingli as we do so."

"We are pleased to begin collaborating with NESI, a comprehensive solar developer, and believe that together our companies will drive the adoption of BIPV and agricultural solar applications in China," commented Mr. Gang Wang, Vice President of Sales of Yingli Green Energy. "Our new partnership with NESI exemplifies Yingli's strategic effort to expand relationships with China's leading private enterprises, which has resulted in 350 MW of supply agreements with cash before delivery in 2015. With demand expected to grow in China through the second half of 2015, Yingli is focused on expanding our domestic footprint by strengthening our customer relationships and continuing to supply our high-quality products to this key market."

BAODING, China, September 17, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited ("Yingli" or "Yingli Solar") (NYSE:YGE), one of the world's leading solar panel manufacturers, today announced that its holding subsidiary, Yingli Energy (Beijing) Company Limited ("Yingli Beijing") has entered into an agreement with CFC Group Construction Limited ("CFC Construction") to supply 170 megawatts (MW) of solar panels for utility-scale power plants in China's Hebei province. It is Yingli's largest solar panel supply agreement to date in China.

According to the agreement, Yingli will deliver over 650,000 multicrystalline YGE Series solar panels to CFC Construction during the third quarter and fourth quarter of 2015. The panels will be installed in power plants located in the city of Zhangjiakou, one of Hebei province's largest municipalities. Once operational, the panels are expected to generate more than 200,000 megawatt-hours of clean energy, offsetting approximately 120,000 tons of carbon emissions.

Zhangjiakou is an ideal location for the development of solar power plants due to its abundant solar resources, large industrial base, and high demand for electricity, so it was selected by China's State Council to be the site of the country's first renewable energy pilot zone. Zhangjiakou also recently won the rights to host the 2022 Winter Olympic Games together with Beijing, and these new solar power plants will help provide clean solar power for a green, low-carbon Olympics.

"CFC Construction is committed to the construction, operation, maintenance and innovation of solar and wind power plants. To ensure our power plants' high quality, we only select leading manufacturers for both solar panels and balance-of-system components. We have partnered with Yingli for these power plants because, as one of the world's leading solar panel manufacturers, Yingli's products meet CFC's demanding product quality requirements," commented Mr. Chen Jiguang of CFC Construction.

"We are pleased to enter into our largest supply agreement to date in China with CFC Construction, one of China's most competitive construction contractors," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli. "Our highly durable Yingli Solar panels deliver superior performance in the harsh weather conditions that characterize Zhangjiakou and its surroundings, and we look forward to broadening access to solar power in communities across the region thanks to our partnership with CFC Construction."

BAODING, China and ANAHEIM, Calif., September 14, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited ("Yingli" or "Yingli Solar") (NYSE:YGE), one of the world's leading solar panel manufacturers, today announced that its subsidiary, Yingli Green Energy Americas, Inc., is partnering with PWRstation Corp., an emerging solar technology company, to offer rapidly deployable, activation-ready transportable PV solutions. The Yingli-energized PWRstation™ GENESIS system will be introduced during the Solar Power International tradeshow at Yingli's booth, #4221, from September 15th to September 17th.

Fully retractable and transportable, PWRstation products are designed for both grid-connected and off-grid projects ranging from 3 kilowatts to 100 kilowatts. These unique solar solutions are typically installed in less than 30 minutes because they are delivered ready-to-deploy and fully assembled with Yingli Solar panels, wiring, racking, and inverters. Automated deployment can also be included, making activation as simple as the push of a button.

PWRstations are ideal for flat rooftop applications as they can be closed to enable routine roof maintenance and repair, or in case of fire or severe weather. They are also effective for temporary PV applications, including large-scale events like world fairs, concerts, and tradeshows, as well as humanitarian relief efforts in crisis situations.

"We are very pleased to collaborate with Yingli Solar, a global PV industry leader, to bring PWRstation systems to market in the Americas," commented Mr. Robert Albertella, PWRstation Co-Founder and CEO. "With Yingli's support, we can change the way communities go solar and increase access to renewable energy."

"PWRstation's innovative products are creating exciting new possibilities for solar project development," commented Mr. Robert Petrina, Managing Director of Yingli Americas. "Together, we are expediting and simplifying the deployment of solar power, thereby expanding project opportunities across North, South, Central America and the Caribbean."

Second Quarter 2015 Financial Results

• Total net revenues were RMB2,716.1 million (US$438.1 million) in the second quarter of 2015, compared to RMB2,905.8 million in the first quarter of 2015 and RMB3,408.9 million in the second quarter of 2014.
• Non-GAAP loss per ordinary share and per ADS was RMB3.28 (US$0.53) in the second quarter of 2015, compared to RMB1.94 in the first quarter of 2015 and RMB1.58 in the second quarter of 2014.

"The Company achieved a PV module shipment volume of 727.9MW in the second quarter, which made our cumulative PV module deliveries exceed 14GW worldwide since our inception." commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

"During the second quarter of 2015, our shipments to China and the U.S. grew significantly and increased by 110% and 35%, respectively, compared to the first quarter of 2015. Due to our continuous efforts in market diversification, our shipments to emerging markets, such as Northern and Southern Africa, Central and Southern Asia, Middle East and Latin America, continued to make remarkable progresses."

"We successfully repaid the RMB1.2 billion three-year unsecured medium-term notes due in May 2015, and we are actively taking measures to prepare for repayment of the RMB1.0 billion five-year unsecured medium-term notes when they become due this October and are exploring a number of financing options including liquidation of idle assets, introduction of strategic investors and potential new cooperation model with our business partners. Also, for our downstream project development business, we have adopted and will follow a core principle of 'less investment, and quicker turnover' in order to maintain a stable cash flow. We believe these measures will help us to enhance our cash position, and allow us to gradually improve our balance sheet." Mr. Miao concluded.

Business Outlook for Third Quarter and Fiscal Year 2015

Third Quarter of 2015

Based on current market conditions, the Company's current operating conditions, estimated production capacity and forecasted customer demand, the Company expects its PV module shipments to be in the estimated range of 550 MW to 580 MW for the quarter ending September 30, 2015.

Fiscal Year 2015

Based on current market conditions, the Company's current operating conditions, estimated production capacity and forecasted customer demand, the Company expects its total PV module shipments to be 2.5 GW to 2.8 GW for the fiscal year ending December 31, 2015.

BAODING, China, Sept. 3, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Ltd. ("Yingli" or "Yingli Solar") (YGE), one of the world's leading solar panel manufacturers, today announced that its wholly owned subsidiary, Yingli Green Energy Europe GmbH ("Yingli Europe") and Namene Energy International Limited ("Namene"), a leading renewable energy solutions developer focused on West Africa, have formed a new joint venture, Yingli Namene West Africa Limited ("JV" or "Yingli Namene West Africa"). The JV aims to develop a total of 100 megawatts (MW) of utility-scale solar projects and up to 50 MW of commercial rooftop projects in Ghana and neighboring countries over the coming years and Yingli Europe will serve as the JV's preferred solar panel supplier.

According to agreements between Yingli Europe and Namene, each party holds 50% of the JV's equity. All application procedures during the project development will be funded by the JV's shareholders. Upon the completion of all the application procedures, the JV will explore the financing solutions from banks and other financial institutions to support project construction. Yingli Namene West Africa Limited will be headquartered in Accra, Ghana, and its first utility-scale projects are already under development. Construction is expected to start in 2017.

"Today's announcement marks Yingli's first investment in West African renewable energy projects as well as the continued expansion of our global downstream business," said Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. "We are pleased to partner with Namene, and believe that our JV is positioned to quickly execute and become successful in this market."

"As one of the world's leading solar panel manufacturers, Yingli has the right industry capabilities, brand and expertise to understand our local business requirements," said Mr. Patrick Lagrange, CEO of Namene Energy International Limited. "Therefore, Yingli is an ideal partner for us to grow our business in this fast emerging market."

"Namene is active in West Africa and has built a team of dedicated and highly experienced professionals with in-depth knowledge and understanding of the energy sector in this region. Therefore, our JV with Namene is expected to deliver significant synergies and value across the development and installation of large-scale solar projects in West Africa. These transactions will provide clean, reliable and affordable energy to a country with strong demand for power generation capacity to support further economic growth," remarked Mr. Ralph Schneider, Head of Commercial of Yingli Europe. "By joining forces we can consolidate our downstream pipeline well into 2017 and beyond."

BAODING, China, August 28, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited ("Yingli" or "Yingli Solar") (NYSE:YGE), one of the world's leading solar panel manufacturers, today announced that it plans to release its unaudited financial results for the quarter ended June 30, 2015, before the U.S. market opens on September 8, 2015.

Based upon preliminary data, the Company estimates that its PV module shipments in the second quarter of 2015 were in the range of 720-730MW, which was within the range announced in the previous guidance. The Company estimates its overall gross margin in the second quarter of 2015 was in the range of 6% to 7%, while the gross margin for the sale of PV module was in the range of 7% to 8%, as a result of a decline in the average selling price of PV modules and an increase in the manufacturing cost due to a lower-than-expected utilization rate of production capacity, more shipments to China market and the depreciation of Euro and Japanese Yen against Renminbi. The decrease in average selling price of PV modules and more shipments to China had a negative effect on the Company's total net revenues for the second quarter of 2015. The Company plans to disclose new full year shipment guidance for 2015 when it releases its unaudited financial results for the quarter ended June 30, 2015.

BAODING, China, Aug. 19, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited ("Yingli" or "Yingli Solar") (YGE), one of the world's leading solar panel manufacturers, today announced that it has received a notice on August 13, 2015 from the New York Stock Exchange (the "NYSE") that the Company was not in compliance with the NYSE's price criteria for continued listing standard because, as of August 12, 2015, the average closing price of the Company's American Depositary Shares, or ADSs, was less than $1.00 per ADS over a consecutive 30 trading-day period.

Pursuant to Section 802.01C of the NYSE's Listed Company Manual, the Company has six months ("the Cure Period") following receipt of the notice to regain compliance with the minimum share price requirement. The Company can regain compliance during the Cure Period if the Company's ADSs have a closing share price of at least $1.00 per ADS on the last trading day of any calendar month during the period and also have an average closing price of at least $1.00 per ADS over the 30 trading-day period ending on the last trading day of that month. The Company can also regain compliance if at the expiration of the six-month Cure Period, both a $1.00 or above closing price per ADS on the last trading day of the Cure Period and a $1.00 or above average closing price per ADS over the 30 trading-day period ending on the last trading day of the Cure Period are attained.

As required by the NYSE rules, the Company expects to notify the NYSE of its intent to cure its ADSs' price deficiency within the applicable time period required by the NYSE.

During the Cure Period, the Company's ADSs will continue to be listed and traded on the NYSE, subject to its compliance with other NYSE continued listing criteria. The Company's business operations, its U.S. Securities and Exchange Commission reporting requirements, credit agreements and other contractual obligations are currently unaffected by the notice from NYSE.

BAODING, China, July 21, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited ("Yingli" or "Yingli Solar") (NYSE: YGE), one of the world's leading solar panel manufacturers, today announced that its wholly owned subsidiary, Yingli Energy (China) Company Limited ("Yingli China") was selected to develop and construct a 50 megawatt (MW)  solar power plant in Datong City, Shanxi Province, China.

The power plant will be one of the key demonstration projects at the National Advanced PV Technology Demonstration Center, which is sited on reclaimed mining land in Datong City. Recently approved by the National Energy Administration as part of its "Top Runner" program, the new demonstration center plans to become China's foremost national hub for PV technology research and development. 

Datong City's local government has tasked the demonstration center with installing 1,000 MW of solar PV across seven 100 MW projects, five 50 MW projects, and several additional, smaller PV facilities during the next 12 months. Over 35 companies applied for the rights to develop and construct the 100 MW projects, and over 20 companies applied for the rights to develop and construct the 50 MW projects. Yingli was selected to develop and construct one of the 50 MW projects.

"We are pleased to be selected for this high-profile demonstration power plant.  With our strong track record of success in solar PV power plant development and construction, Yingli will make an ideal partner for the new PV demonstration center," commented Mr. Gang Wang, Vice President of Project Development of Yingli. "This represents a major opportunity for us to leverage our advantages in project development and financing and to promote our growing presence in China's downstream solar market."

HONG KONG, July 21, 2015 (GLOBE NEWSWIRE) -- UTStarcom (“UTStarcom” or “the Company”) (UTSI), a global telecommunications infrastructure provider, today announced that it has dismissed PricewaterhouseCoopers Zhong Tian LLP (“PwC”) and appointed GHP Horwath, P.C. (“GHP Horwath”) as the Company’s independent auditor effective July 21, 2015. The Company’s Audit Committee and Board of Directors participated in and approved the decision to change the Company’s independent registered public accounting firm.

During the two most recent fiscal years and through the July 21, 2015 date of termination, there were no

(1) Disagreements between the Company and PwC on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements if not resolved to the satisfaction of PwC would have caused them to make reference thereto in their reports on the financial statements for such years, or

(2) Reportable events (as defined in Form 20-F Item 16F (a)(1)(v)) other than the material weaknesses reported in the Company’s Form 20-F filed with the U.S. Securities and Exchange Commission (SEC) on May 19, 2015. The reports of PwC on the financial statements for the fiscal years ended December 31, 2013 and 2014 contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principle.

The Company will endeavor to work with GHP Horwath to complete interim procedures in conjunction with the Company’s second quarter earnings announcement. The Company is currently working with PwC and GHP Horwath to ensure a smooth transition.

Mr. William Wong, UTStarcom’s Chief Executive Officer, commented, "PwC has been the Company’s auditor since its IPO in 2000. We would like to thank them for the quality service they have provided and the professionalism they have demonstrated over many years. We look forward to working with GHP Horwath going forward and do expect to effect a smooth transition with the assistance of both firms.”

BAODING, China and MADRID, July 10, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited ("Yingli" or "Yingli Solar") (NYSE:YGE), one of the world's leading solar panel manufacturers, today announced that it is supplying 240 megawatts (MW) of solar panels for Latin America's two largest hybrid solar photovoltaic (PV) and concentrated solar power (CSP) power plants. Both projects, located in northern Chile, will also be equipped with 110 MW of CSP and 17.5 hours of thermal storage each.

As the power plants' sole PV supplier, Yingli is providing over 780,000 multicrystalline utility-scale YGE 72 Cell solar panels to the projects, which be installed in two phases. The first phase of panel deliveries was recently completed, and the second phase will start in August. The first power plant is expected to be operational by mid-2016.

Once complete, the PV portion of the solar power plants will occupy nearly 100,000 acres of land in total. Both projects will be connected to the national utility grid and deliver an uninterrupted power supply to commercial, industrial, and residential customers throughout Chile, offsetting approximately 385,000 tons of carbon emissions each year.

"We are pleased to be the exclusive solar PV panel provider for the two largest hybrid solar power plants in Latin America," said Mr. Fernando Calisalvo, Managing Director of Yingli Green Energy Spain. "We believe that supplying projects of this magnitude and significance will cement our leadership position in Latin America, one of the world's highest potential emerging markets."

Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy commented, "Our demonstrated ability and proven experience supplying large-scale hybrid solar power plants, including the projects announced today as well as PV-diesel systems, will be a compelling differentiator for Yingli. Demand for these innovative applications is growing, especially in emerging markets, and we are committed to meeting that demand worldwide with our high quality products."

BAODING, China, July 9, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited ("Yingli" or "Yingli Solar") (NYSE:YGE), one of the world's leading solar panel manufacturers, today commented on the final results of the first administrative reviews of the antidumping duty ("AD") and countervailing duty ("CVD") orders issued by the U.S. Department of Commerce regarding the import of solar PV panels assembled in China using components from China. According to today's results, Yingli's manufacturing affiliates will receive the lowest combined tariff rate of its peers, amounting to 21.73%. This is lower than Yingli's original combined AD/CVD rate of 29.18% from 2012.

"While we are disappointed in the U.S. Department of Commerce's decision to continue placing tariffs on an industry that is the second fastest-growing energy industry in the U.S, we are now very securely positioned to succeed in the U.S. market. So long as these tariffs are in place, we will continue our vigorous defense and fight for solar power's cost-competiveness," commented Mr. Robert Petrina, Managing Director of Yingli Green Energy Americas.

"It's unfortunate that while today's decision is encouraging for Yingli, the entire American solar industry is impacted. Hundreds of thousands of American homeowners, businesses and utilities benefit from highly competitive solar solutions, which are now at risk," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

BAODING, China, June 30, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited ("Yingli" or "Yingli Solar") (NYSE:YGE), one of the world's leading solar panel manufacturers, today announced that it completed a bond financing RMB 20 million yuan (USD $3.2 million) for a 4 megawatt (MW) solar project. Yingli's financing partners for the project are Tianjin Xinhai Financial Leasing Co., Ltd. (Xinhai Leasing) and Principal Shield (Xiamen) Financial Technical Service Co., Ltd. The project bonds are now available for the Chinese public to invest in online at www.shicaidai.com, the China-based Internet finance firm to offer P2B (person-to-business) online financial products, including loans and wealth management tools.

Located in Hengshui City in China's Hebei Province, Yingli's 4 MW solar project is now operational. The installation will generate approximately 6.5 million kilowatt-hours of solar electricity annually, equivalent to offsetting the consumption of 2,600 tons of coal and more than 6,700 tons of carbon emissions.

Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli, commented, "We are proud to announce our project and its innovative financing method, which empowers individuals to invest in clean power projects while also providing a safe, flexible, and stable investment income. It's our goal to begin replicating this approach as our project pipeline grows, and to eventually build a series of new online financing products that enable the public to invest in clean energy instead of fossil fuels."

BAODING, China, June 9, 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 supplied 1.1 megawatts (MW) of solar panels for Venezuela's largest solar project, a hybrid solar-diesel power plant located in Los Roques. The 1.1 MW solar farm was developed, engineered, and constructed by Consorcio Energias Limpias Alternativas Venezolanas (CELAV). Vico Export Solar Energy, a major regional solar product distributor, offered logistical and operational support for equipment procurement.

This power plant is Yingli's first large-scale project in Venezuela: until recently, the Venezuelan market was concentrated in off-grid systems of 25 kilowatts (kW) and smaller, typically located in isolated regions. As the country's inaugural PV power plant, it contains more than 4,400 multicrystalline YGE Series solar panels. They are expected to generate over 1,400 megawatt-hours (MWh) per year, which is enough energy to power over 400 typical Venezuelan homes. The system began operating in May 2015.

"We are pleased to partner with Yingli to bring green energy to the archipelago of Los Roques, a region that is known for its incredible natural beauty and biodiversity," commented Mr. Francisco Garcia, Project Developer of CELAV. "This new hybrid solar-diesel power plant is an ideal energy solution for Venezuela because it can reduce diesel-related logistics costs by at least 50%."

"We are honored to grow Yingli's presence in the Venezuelan solar market by supplying the country's largest project, and we look forward to expanding our footprint in the country," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli. "There is significant potential for the development of more hybrid solar-diesel power plants in Venezuela, as they are an effective strategy for both increasing renewable energy production and ensuring reliable access to electricity in remote areas of the country."

First Quarter 2015 Financial Results

• Total net revenues were RMB2,905.8 million (US$468.7 million) in the first quarter of 2015, compared to RMB3,446.5 million in the fourth quarter of 2014 and RMB2,686.8 million in the first quarter of 2014.
• Adjusted non-GAAP loss per ordinary share and per ADS was RMB1.94 (US$0.31) in the first quarter of 2015, compared to RMB2.94 in the fourth quarter of 2014 and RMB2.16 in the first quarter of 2014.

"We are pleased to see that shipments of PV modules in the first quarter of 2015 increased by over 19.6% year over year, marking a historically high record of first quarter growth for the Company. This record growth was highlighted by, among others, robust demand from Japan and emerging markets such as Southeast Asia and Latin America," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

"In the first quarter of 2015 our sales to Japan and the emerging markets performed remarkably well, reflecting a positive trend as the result of our efforts to achieve greater market diversification. Our shipments to Japan increased significantly by over 100% compared to the first quarter of 2014. Meanwhile, shipments to the emerging markets (i.e. markets other than China, Japan, Europe, and the U.S.) accounted for 19% of our total shipments in the first quarter, more than doubling from 9% in the fourth quarter of 2014. In China, the PV industry gained additional momentum in the first quarter of 2015 compared to the same quarter of 2014. We continue to maintain our long-term cooperation with state-owned utility partners in developing our domestic downstream business in China. Our sales performance in the U.S. market experienced a flat quarter as some customers postponed their purchases on the expectations of a lower rate of import duty tariffs that may come into effect soon, and we expect that demand will pick up if the import duty tariffs are reduced as expected during the second half of this year. In Europe, the demand for our products remained stable during this quarter. We have made good progress on our plans to restructure our European operations, and also are planning to reduce our headcounts there by approximately 50% as compared to 2014. Implementation of the plan has been well on track so far."

"During the first quarter of 2015 our downstream business kept expanding at a steady and reliable rate. We began the construction of 94 MW of utility and distributed generation projects in the first quarter. We have connected to the power grid 128 MW of solar projects, most of which are in China. In addition, we also are actively exploring options to better finance our downstream business and have obtained a RMB300 million credit facility in April which will be used to finance the construction of PV projects. In light of accelerated development of solar projects around the world, we expect to complete and connect to power grids approximately 400-600MW of solar projects by the end of 2015. We also expect to sell roughly half of these 400-600MV of solar projects to third parties in 2015, which will generate cash inflows and improve our balance sheet."

"We also are pleased to report that, just as we paid in full the principal and interests on medium-term notes of RMB1.2 billion due in May 2015, we are confident to repay on time and in full another tranche of medium-term notes of RMB 1 billion due in October 2015. In the long run, we will continue to reduce our debt exposure through a combination of alternative financing solutions in order to optimize our debt structure and improve our financial condition." Mr. Miao concluded.

Business Outlook for Second Quarter and Fiscal Year 2015

Second Quarter of 2015

Based on current market conditions, the Company's current operating conditions, estimated production capacity and forecasted customer demand, the Company expects its PV module shipments to be in the estimated range of 720MW to 750MW, of which 40MW to 60MW of PV modules will be shipped to the Company's downstream PV projects for the second quarter of 2015.

Fiscal Year 2015

Based on current market conditions, the Company's current operating conditions, estimated production capacity and forecasted customer demand, the Company expects its total PV module shipments to be approximately 3.6GW , of which 400-600MW of PV modules will be shipped to the Company's own downstream PV projects for fiscal year 2015.

BAODING, China, June 3, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited ("Yingli") (NYSE:YGE)*, one of the world's leading solar panel manufacturers, today announced that its joint venture with Shuozhou Coal Power Co., Ltd. ("Shuozhou Coal Power"), a wholly-owned subsidiary of Datong Coal Mine Group Co., Ltd. ("Datong Coal Mine Group") has connected a 50 megawatt solar power plant that it developed to the utility grid in Shanxi province, China. Yingli holds a 30% equity stake in the joint venture, which was created to develop and construct utility-scale solar projects in Shuozhou City, one of Shanxi province's largest cities.

Based on internal system performance estimates, the project is expected to yield annual revenues of RMB 64 million ($10.3 million USD) from national feed-in-tariffs each year for the next 20 years. The system contains approximately 170,000 multicrystalline Yingli Solar panels, and the electricity they generate is expected to offset about 77,000 tons of carbon emissions annually.

"We are pleased that our JV with Datong Coal Mine Group has connected this major project in Shanxi province, a region that has directly experienced the serious, negative ecological consequences of coal mining and combustion. Our new solar power plant is a boon to the local environment as well as to the local economy," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli.

Yingli to supply leading U.S. solar energy provider Vivint Solar with YGE Series solar panels for 2015 projects

BAODING, China, and SAN FRANCISCO, June 2, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited ("Yingli") (NYSE: YGE)*, one of the world's leading solar panel manufacturers, today announced that its wholly owned subsidiary, Yingli Green Energy Americas ("Yingli Americas"), has been chosen again as a Preferred Supplier to Vivint Solar (NYSE: VSLR) in 2015.

"We, as Vivint Solar, are excited to continue our relationship with Yingli," said Jan Newman, Vice President of Business Development at Vivint Solar. "Yingli provides great products and has been a beneficial supplier to Vivint Solar this past year and we are glad to continue working with them moving forward."

"With the U.S. residential solar market poised to reach nearly 3 gigawatts by the end of 2016, we are thrilled to expand our partnership with Vivint Solar, one of the nation's top home solar companies," commented Mr. Robert Petrina, Managing Director of Yingli Americas. "We value our true partnership with Vivint and their dedicated team. Through this renewed supply agreement, we are helping to drive job creation in the flourishing American solar marketplace, as well as solidifying Yingli's position as a leading PV supplier.

BAODING, China, May 29, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, known as "Yingli Solar," today announced that it has become aware of the filing of a purported securities class action lawsuit against the Company and certain of its senior officers on behalf of a putative class of shareholders of the Company in the United States District Court for the Central District of California.

The Company has reviewed the claims asserted in the complaint and believes that they are without merit. While the Company has not yet been served with a copy of the complaint, it intends to vigorously defend itself in this matter.

BAODING, China, May 20, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, known as "Yingli Solar," today issued the following statement to respond to recent media coverage on the Company's ability as a going concern as disclosed in its annual report on Form 20-F for the year ended December 31, 2014 (the "2014 Annual Report") filed with the U. S. Securities and Exchange Commission (the "SEC") on May 15, 2015.

In accordance with the relevant rules and regulations of the SEC and the New York Stock Exchange, Yingli Green Energy recently filed the 2014 Annual Report with the SEC, in which the Company disclosed its operating and financial results for 2014, including the Company's historical financial performance, as well as the Company's overall losses, debt-to-equity ratios and strategic investments. In line with the prudent analysis of its independent auditors, the Company stated in the 2014 Annual Report that there is substantial doubt as to the Company's ability to continue as a going concern. However, this statement has been taken and interpreted out of context in some media coverages. The Company has been transparent not only about the risks and challenges it faces, but also about the Company's alternative plans to mitigate future risks and challenges. The Company has already taken a series of positive and substantive actions and steps relating to its debt repayment plans, including the recent repayment of the Company's mid-term notes in the principal amount of RMB 1.2 billion, which matured on May 3, 2015. Overall, the Company is optimistic about and confident in its ability to continue servicing the global solar market, and feel well-positioned with our quality products and access to capital in order to take advantage of the current surge in solar demand.

Mr. Liansheng Miao, the chairman and chief executive officer of Yingli Green Energy, commented, "While we still have another series of medium term notes in the principal amount of RMB 1.0 billion due on October 13, 2015, we believe that we will meet our repayment obligations based on the substantial progress we have achieved to date to secure funds to repay these notes on schedule."

For further clarification, the Company will host a conference call at 8:15 AM U.S. Eastern Daylight Time (GMT+8, 8:15 PM), on May 20^th 2015. The Chief Executive Officer and Chief Financial Officer of the Company will attend the conference call and answer questions from our investors and the market.

BAODING, China, and SAN DIEGO, Calif., May 12, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (YGE)("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, known as "Yingli Solar," today announced that its U.S.-based subsidiary, Yingli Green Energy Americas ("Yingli Americas"), has entered into a solar panel supply agreement with San Diego-based Borrego Solar Systems Inc. ("Borrego Solar"). Under the terms of the agreement, Yingli Americas expects to supply Borrego Solar with up to 40 megawatts (MW) of solar panels in 2015. Borrego Solar plans to install Yingli's high-performing multicrystalline panels in commercial and utility solar projects across the United States.

Since the two companies entered into their first supply agreement in 2008, Borrego Solar has installed 114 MW of Yingli Solar panels. Last year, Borrego Solar completed several high-profile solar energy systems using Yingli panels, including the Anaheim Convention Center project (Anaheim, Calif., 2.4 MW dc); the First Wind Warren projects (Warren, Mass., 17.0 MW dc); and the Seneca project (Victorville, Calif., 8.3 MW dc).

"This supply agreement with Yingli allows us to continue providing our commercial and utility customers with the quality and cost competiveness they've come to expect," said Mr. Aaron Hall, president of Borrego Solar. "We source from a variety of technology vendors so that our engineers can design a system that is optimized for energy production and affordability. Our decision to continue working with Yingli is based on a strong six year track record and our confidence in their technology and operational support."

Mr. Robert Petrina, managing director of Yingli Green Energy Americas, commented, "Since its inception, Yingli Americas' strategic priority has been the development of long-term customer relationships with proven partners such as Borrego Solar. Our teams are closely aligned and we are determined to provide lasting support to benefit U.S. business owners and utilities." 

Mr. Liansheng Miao, chairman and chief executive officer of Yingli Green Energy, commented, "We are happy to bring green jobs and clean power to the U.S. in partnership with Borrego Solar. We've had a chance to get to know their team since their beginning, and we are proud partners."

BAODING, China, May 5, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, known as "Yingli Solar," today announced that it reached more than 13 gigawatts (GW) of cumulative global solar panel deliveries by the end of the first quarter of 2015.

The Company's global fleet can now produce approximately 16 billion kilowatt-hours (kWh) of clean solar electricity each year, which is almost enough energy to meet the city of Beijing's residential power consumption in 2014. In total, the energy produced by all deployed Yingli Solar panels can offset nearly 9 million tons of carbon emissions each year, which is equivalent to taking about 1.7 million cars off the road.

"We are incredibly proud of reaching this historic milestone, which is a testament to both our innovative, high quality solar products and to our dedicated pursuit of Yingli's mission to bring green energy to all," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Together with our partners, we have made solar power -- and the significant environmental and economic benefits it provides -- accessible to communities in nearly every corner of the world."

BAODING, China, April 23, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, known as "Yingli Solar," today announced that its wholly-owned subsidiary, Fine Silicon Co., Ltd. ("Fine Silicon"), has signed a definitive agreement with the Land Reserve Centre of Baoding National High-tech Industrial Development Zone (the "Reserve Centre") for sale to the Reserve Centre land use rights to a piece of land held by Fine Silicon currently not in active use (the "Land") and the attachments thereon

The Land has a total site area of 524,464 square meters and was originally acquired for expansion of the Company's in-house polysilicon production capacity. The Land and the attachments thereon have not been put into active use since the Company changed its plan with respect to in-house polysilicon production. The Company does not expect sale of the Land and the attachments thereon will have any negative impact on its business operation. The Company understands that the Reserve Centre's decision to acquire the Land was in accordance with the local government's plan to rezone the area where the Land is located for non-industrial use.

The aggregate purchase price that the Reserve Centre agreed to pay Fine Silicon for land use rights to the Land and the attachments thereon is RMB 588.2 million, which was agreed upon by both parties based on valuation reports issued by third-party appraisal firms. The Reserve Centre has paid to Fine Silicon RMB 500 million as of April 23^rd, 2015. Remainder of the purchase price will be paid within 30 days after the Reserve Centre re-sells the land use rights to the Land to a third party.

"The purchase by the Reserve Centre of the land will benefit the local government's plan to rezone the area for commercial use and strengthen our overall cash flow", commented Mr. Miao Liansheng, Chairman and Chief Executive Officer of Yingli Green Energy. "It will also help us to fulfill our debt paying obligations."

AODING, China, April 20, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, known as "Yingli Solar," today announced that it has obtained an RMB300 million (USD48 million) financing facility for a 50 megawatt (MW) PV power plant in China. The 10-year direct financing lease for the project's development and construction was provided by CGN International Finance Leasing, a wholly-owned subsidiary of China General Nuclear Power Group (CGN).

Located in Handan City, Hebei Province, the 50 MW PV power plant is expected to generate approximately 54 million kilowatt-hours of solar electricity annually, offsetting over 50,000 tons of carbon emissions. Construction and interconnection of the project are expected to be completed by the end of May 2015.

"We are pleased to begin our relationship with CGN International Finance Leasing, and believe that our partnership is a key breakthrough for Yingli's downstream business development," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We anticipate that more Chinese financial institutions will ramp up activities in PV project development moving forward."

BAODING, China, April 14, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, known as "Yingli Solar," today announced it participated in the 2015 China Photovoltaic (PV) Industry Development Symposium held today, April 14, 2015, in Baoding, Hebei Province, China.

Symposium attendees discussed how to accelerate improvements in technology, manufacturing, and equipment in China's PV industry under the "new normal". Government officials from the National Development and Reform Commission (NDRC), Ministry of Industry and Information Technology (MIIT), National Energy Administration (NEA), Ministry of Science and Technology (MOST) and other departments delivered presentations. Attendees include representatives from the China Development Bank, Export-Import Bank of China, Bank of China, China Merchants Bank, the China Photovoltaic Industry Association (CPIA) and Chinese Renewable Energy Industry Association, as well as executives from China's foremost solar energy companies.

"We are pleased to participate in this important symposium and appreciate CPIA's leadership in organizing the event. In light of rising domestic and international demand for solar energy solutions, China's PV industry is at the cusp of extraordinary opportunities, but challenges around financing, technology, and 'overcapacity' must be addressed. We believe this forum will help key stakeholders respond to these challenges under China's 'One Belt and One Road' initiatives, promote the sound development and increase the competitiveness of China's PV industry," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

BAODING, China, April 7, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, known as "Yingli Solar," today announced that it has supplied 15.5 megawatts (MW) of solar panels to Marina Energy, a PV project developer and engineering, procurement, and construction (EPC) provider that is wholly-owned by South Jersey Industries (SJI), a holding company for several New Jersey-based energy and energy services providers.

Marina Energy installed Yingli's highly durable, utility-scale multicrystalline YGE-U Series panels in three ground-mounted solar power plants in New Jersey: Frankford Solar, a 10 MW project located in Branchville; Holland Solar, a 3.5 MW project located in Holland; and Brickyard Solar, a 2 MW project located in Farmingdale.

All three facilities are expected to be fully commercially operational by Q3 of this year. In total, they will generate approximately 17.5 million kilowatt-hours (kWh) of clean solar energy per year, which equals the energy demand of about 2,000 typical New Jersey households. The electricity produced by these projects will offset over 12,000 tons of carbon emissions over the systems' lifetimes, which is equivalent to removing nearly 9,900 cars from the road.

"Marina selected Yingli for these projects because they provided the best availability and product quality. They have proven to be a highly reputable company and we are proud to work with them," commented David Robbins, president of Marina Energy.   

"We are pleased to bring clean energy to New Jersey communities in partnership with Marina Energy," commented Robert Petrina, managing director of Yingli Green Energy Americas, Inc. "This project builds on Yingli's deep experience and successful track record in the Garden State, which includes supplying high-profile projects for Rutgers University and the NY JETS, rooftop systems for homeowners, and ground-mounted PV power plants like those we've announced today."

Fourth Quarter 2014 Financial Results

• Total net revenues were RMB 3,446.5 million (US$ 555.5 million) in the fourth quarter of 2014, compared to RMB 3,385.2 million in the third quarter of 2014 and RMB 3,711.1 million in the fourth quarter of 2013.
• Adjusted non-GAAP loss per ordinary share and per ADS was RMB 2.94 (US$ 0.47) in the fourth quarter of 2014, compared to RMB 0.62 in the third quarter of 2014 and RMB 1.85 in the fourth quarter of 2013.

"We are pleased to conclude another solid year in 2014, with full year module shipments hitting a record high of 3.3 GW and full year gross margin increasing to 17.3% from 10.9% in 2013, which was mainly attributable to our continuous efforts to diversify our market presence, reduce manufacturing cost and improve our profitability," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

"In parallel with the sustainable evolution of solar industry in 2014, we continued to witness strong demand for Yingli Solar modules from China, Japan, the United States, the Europe and other new emerging markets. With favourable governmental policies in place, China market accelerated in the second half of 2014 and accounted for approximately 37% of our total shipments for the full year. In Japan, our shipments nearly tripled with a more than 50% increase in the number of customers. In the United States, we had a solid year notwithstanding the uncertainty brought by the new trade case. In Europe, we continued to play an important role while navigating the complexities of the undertaking agreement. In addition, we continued to expand in new emerging markets with total shipments to these markets increased 90% year over year to 490 MW. Given our strong brand recognition and high-quality PV modules and services, we became the sole solar panel supplier for the largest solar power projects in Malaysia, Bolivia and Honduras."

"We were also on track to meet our guidelines for downstream business. In 2014, we shipped 261 MW of PV modules to our own downstream power plants in China."

"Looking ahead, we believe that the global PV market will continue to grow in 2015, especially after the National Energy Administration of China released the official solar installation target for 2015 of 17.8GW in March 2015. We're encouraged by the good news and well positioned to seize this great opportunity," Mr. Miao concluded.

Business Outlook for Full Year 2015

Based on current market and operating conditions, estimated production capacity and forecasted customer demand, the Company expects its PV module shipment target to be in the estimated range of 3.6 GW to 3.9 GW (including 400 to 600 MW shipment to the Company's own downstream power plants) for fiscal year 2015, which represents an increase of 7.1% to 16.0% compared to fiscal year 2014.

BAODING, China, March 16, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, known as "Yingli Solar," today announced that it has begun construction of a 50 megawatt (MW) solar power plant on former mining lands in in Huangshi City, Hubei Province, China. It is the first project developed by Yingli on land that has been degraded by mining activities.

The 50 MW power plant occupies over 100 hectares of land in western Huangshi City, a region known for its rich mineral resources and extensive mining operations. The project will contain about 170,000 YGE 72 Cell Series multicrystalline solar panels that are expected to generate approximately 55,000 megawatt-hours (MWh) of clean electricity annually, which will offset the consumption of nearly 22,000 tons of coal and the emission of over 50,000 tons of carbon into the atmosphere. The system is scheduled to interconnect with the local utility grid and begin operations in the fourth quarter of 2015.

Huangshi City was designated a pilot city for the reclamation of abandoned mining lands and former industrial sites by China's Ministry of Land and Resources in January 2013. Therefore, the power plant will serve as a key demonstration project for the integration of solar power into land revitalization programs across China. To help showcase the unique value solar power brings to land reclamation efforts, Yingli also plans to develop an educational visitor's center near the project site.

"This highly replicable project shows how solar power can be integrated into ecological restoration programs, stimulating the local economy and providing clean power to the community while simultaneously aiding in land revitalization," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We're pleased that our first project on degraded mining lands will deliver concrete economic and environmental benefits to the surrounding community."

BAODING, China and KUALA LUMPUR, Malaysia, February 9, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, known as "Yingli Solar," today announced that its wholly-owned subsidiary, Yingli Green Energy Singapore Company Pte. Limited ("Yingli Singapore"), has supplied one of East Malaysia's first solar power plants, a one megawatt (MW) solar farm located in the state of Sabah on the island of Borneo. The facility was commissioned this February after passing its initial operation date (IOD) and receiving a license to export power throughout Borneo in 2014. The project was developed by Cahaya Metro Sdn. Bhd. (Cahaya Metro), a leading solar energy company in East Malaysia.

The solar farm spans an area of approximately four acres in in Kg. Nyaris Nyaris, Bongawan, Sabah, Malaysia. It utilizes nearly 4,000 multicrystalline YGE 60 Cell Series panels that are estimated to generate approximately 1.5 million kilowatt-hours (kWh) of clean electricity per annum. The opening ceremony of the project was officiated by Y.B Datuk Seri Panglima Dr. Maximus Johnity Ongkili of the Ministry of Energy, Green Technology and Water of Malaysia.

"We are pleased to have selected Yingli as our panel supplier for Sabah's first solar power plant with interconnection facilities and license to export power and we believe that Yingli is undoubtedly our best solar panel provider. We selected Yingli because their track record for product quality is validated by independent testing and assessments - and that gave us the strong assurance in Yingli Solar panels' long-term reliability," said Mr. Sean Tay, Project Director of Cahaya Metro.

"We are witnessing sustainable growth on the island of Borneo, particularly in Sabah where there are plans to make PV a pillar of the state's energy mix. We anticipate continued solar power plant development across the region," said Ms. Angie Koh, Managing Director of Yingli Singapore.

BAODING, China and ABU DHABI, January 19, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, also known as "Yingli Solar," today announced at the World Future Energy Summit that innovative CleanARC® anti-reflective (AR) glass coating is now available on all Yingli product lines. Developed by California-based Enki Technology and offered through Yingli, CleanARC® coating enables panels to generate more energy over time while simultaneously reducing cleaning requirements, creating additional project value in comparison to conventionally coated panels.

Due to their high resistance to abrasion and environmental degradation, Yingli's CleanARC® coated solar panels are ideal for project sites with harsh environmental conditions such as sandstorms, sea mist, high humidity, and extreme temperature fluctuations. CleanARC® coated solar panels can also reduce operations and maintenance expenses because the coating's structure and hydrophobic properties enable more effective self-cleaning than conventional AR coatings.

"We are pleased to bring this unique product to market in partnership with Yingli. Glass coatings are a deceptively simple component that create long-term financial implications for solar project owners. Extensive lab and field testing demonstrates the clear advantage of multi-functional CleanARC® coatings in challenging operational environments," commented Kevin Kopczynski, Chief Executive Officer of Enki Technology.

"It is extremely promising that our new CleanARC® coated solar panels have already spurred project development in areas where solar adoption has been constrained by harsh climates. By driving innovation across all PV technology components, from cells to AR coating, we are making solar power a pragmatic clean energy solution everywhere the sun shines," commented Dr. Dengyuan Song, Chief Technology Officer of Yingli Green Energy.

To learn more about Yingli's innovative new CleanARC® coating, check out the datasheet, or visit Yingli in-person at the World Future Energy Summit in Abu Dhabi, Stand 8210 - China Pavilion in the Abu Dhabi National Exhibition Center.

BAODING, China, January 15, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, known as "Yingli Solar," today announced that its holding subsidiary, Yingli Energy (Beijing) Co., Ltd. ("Yingli Beijing"), has begun the construction of a 20 megawatt (MW) solar power plant located in Shule County, Xinjiang Province, China.

Upon its completion in the second quarter of 2015, the project will generate approximately 28 million kilowatt-hours (kWh) of electricity annually, which is enough to meet nearly 30 percent of Shule County's residential power demand. It will offset about 17,000 tons of carbon emissions each year, which is equivalent to planting over 21 million trees.

"It is an honor to bring solar power to Shule County for the very first time, and we applaud the local government's efforts to encourage renewable energy project development. We aim to expand our operations and accelerate the growth of the clean energy economy throughout Xinjiang Province, where we have already developed over 100 MW of solar projects," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

BAODING, China, January 14, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, known as "Yingli Solar," today announced that it completed grid connection for a 10 megawatt (MW) solar power plant in China's Hebei Province in late December 2014.

The solar power plant is located in Fuping, a mountainous region in western Hebei Province. It will produce more than 12,000 megawatt-hours (MWh) of electricity per year, which will meet nearly one fifth of Fuping County's residential power demand. Over the project's lifetime, the clean solar power it generates will offset the consumption of approximately 4,000 tons of coal and the emission of about 11,000 tons of carbon into the atmosphere.

The project qualifies for a national feed-in tariff of 1.0 RMB (0.16 USD) per kilowatt-hour (kWh) for 20 years, as well as additional incentives from the local government during its first three years of operation. Yingli is currently in negotiations with potential buyers of the project.

"This project is a powerful example of Yingli's successful downstream strategy in China, where we have approximately 400 MW of PV projects under construction totally 2014, over 200 MW of which is expected to be completed by the first half of 2015. With the solid incentive policies now in the Chinese solar market, we were able to accelerate construction timelines for many of these projects," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Yingli's transformation into a full-service provider of solar energy solutions is arriving at a time when public support and demand for solar power in China is at an all-time high."

BAODING, China, January 6, 2015 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading solar panel manufacturer in the world, known as "Yingli Solar," today announced that the Company gone beyond its targets to reduce greenhouse gas (GHG) emissions by the end of 2013 as part of its membership commitments in the World Wide Fun for Nature ("WWF") Climate Savers program, according to internal inspections report.

Initiated by WWF in 1999, Climate Savers is a global leadership platform which positions multinational corporations at the forefront of the low-carbon economy. In May 2011, Yingli and WWF signed the Letter of Intent to join the Climate Savers program. After assessment of energy consumption and consultation, the Company set its industry-leading goals for GHG reductions through 2015, based on its GHG emissions level in 2010.

In January 2013, Yingli officially became the first Chinese company and the first PV manufacturer to join the Climate Savers program. In May 2014, the Company began internal inspections to ensure it met its aggressive emission reduction targets. Using 2010 GHG emissions as a baseline, the inspection results demonstrated that Yingli:

• Decreased its GHG emissions intensity per MW of PV module production by approximately 22% in 2013, as compared to its initial target to reduce emissions intensity by 13% by the end of 2015;
• Decreased GHG emissions from purchased goods and services per MW of PV modules production by approximately 12%, as compared to its initial target to reduce emissions by 7%;
• Decreased its GHG emissions from upstream transportation by approximately 17%, as compared to its initial target to reduce emissions by 10%.

In addition, the Company has actively invested in PV power projects and installed solar power systems to power its PV module manufacturing facilities, including the plants in Baoding Headquarters, Tianjin, and Hengshui, parking lot, as well as other buildings, in order to increase the share of renewable electricity in its total power consumption. By the end of 2013, PV projects Yingli has invested in are estimated to generate approximately 167.85 GWh of clean electricity annually and the solar energy systems installed on its facilities could generate 39.3 GWh of electricity annually, equivalent to 4.05% of its total power consumption in 2013. As part of its membership in Climate Savers initiatives, Yingli also targeted for renewable energy to account for at least 4% of the total energy comsuption in the production of its PV modules by the end of 2015.

To achieve these results, the Yingli worked with TUV to establish its GHG Managing System as a platform to monitor and control GHG emissions and energy consumption across all of its operations. Yingli also improved energy utilization throughout its entire production chain and launched "Green Supplier Action" program, which requires its leading suppliers to adopt ambitious energy efficiency and GHG reduction commitments, and made energy consumption levels and GHG emissions important criteria in supplies qualification.In addition, Yingli developed an comprehensive multi-year plan related specifically to logistics in order to reduce GHG emissions during the transportation of PV modules and raw materials.

As one of the leaders of the PV industry, Yingli also joined hands with the China National Institute of Standardization, along with other leading PV companies, to compile The Cleaner Production Evaluation Indicator System of Photovoltaic Solar Cells. Our goal is to promote green production methods across the entire PV industry, with the goal of increasing the competitiveness of China's PV industry.

"As the first member company of WWF Climate Savers Programme in China, Yingli has successfully gone beyond its emission reduction targetss, and shows its leadership through practical actions. WWF will continue to partner with Chinese companies to address climate change, and to promote more companies to be leaders of the low- carbon economy," said Ms. Winnie Lu, Climate & Energy Program Director of WWF.

"We are pleased to cooperate with WWF and showcase our commitments to the sustainable development and progresses in reducing our GHG emissions through the global leadership platform, as reducing our own environmental impact is one of our most important corporate objectives. As a leading global renewable energy company, Yingli is dedicated to the pursuit of green, low-carbon manufacturing and business operations while providing clean energy for all," commented Mr. Jingfeng Xiong, Vice President and Chief Climate Officer of Yingli Green Energy.

BAODING, China and SINGAPORE, December 8, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the world's largest vertically integrated solar panel manufacturer, known as "Yingli Solar," today announced that its wholly-owned subsidiary, Yingli Green Energy Singapore Company Pte. Limited ("Yingli Singapore"), intends to collaborate with Kasikornbank Public Plc. ("KBank"), Huawei Technologies Co., Ltd ("Huawei") and Solventia Solar Energy Co., Ltd. ("Solventia Solar Energy") to deploy solar power in Thailand, a promising renewable energy market. According to their recently signed Memorandum of Understanding, the companies plan to jointly provide turnkey solar power solutions for both power plants and distributed generation projects throughout the country.

"Yingli's collaboration with KBank, Huawei and Solventia Solar Energy is designed to accelerate solar power's expansion in Thailand by simplifying PV deployment for power suppliers and consumers. As industry leaders, our companies' cooperation will help establish Thailand as an innovative regional leader in the transition to a clean, low-carbon future," said Ms. Angie Koh, Managing Director of Yingli Singapore.

"Through collaboration our companies will be able to execute each critical aspect of PV deployment, from manufacturing to construction," commented Mr. Jesus Vazquez, Chief Executive Officer of Solventia Solar. "Our aim is to provide the best quality of service in solar PV to our clients and to local communities, transforming Thailand into a self-sufficient and more sustainable society."

Due to Thailand's strong year-round solar irradiation and rising demand for electricity, the Thai government has established a 3 GW target for total solar power capacity by 2021. The country plans to meet at least 20% of its energy demand with renewable resources by 2022.

Third Quarter 2014 Financial Results

• Total net revenues were RMB 3,385.2 million (US$551.5 million) in the third quarter of 2014, compared to RMB 3,408.9 million in the second quarter of 2014 and RMB 3,649.4 million in the third quarter of 2013.
• Adjusted non-GAAP loss per ordinary share and per ADS was RMB 0.62 (US$0.10) in the third quarter of 2014, compared to RMB 1.58 in the second quarter of 2014 and RMB 1.45 in the third quarter of 2013.

"I'm very pleased to report that we delivered another set of solid results in the third quarter of 2014 with a gross margin of 20.9%, well ahead of our previous guidance, and a strong PV module shipment of 903 MW," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We continue to successfully improve our operating profitability through on-going efforts on cost reduction and effective operating expenses control. The operating income in the third quarter of 2014 turned into positive for the first time since the second quarter of 2011."

"In the third quarter, we continued to see a remarkable demand for Yingli Solar modules from key markets, such as China, Japan and other new emerging markets. In particular, our shipments to new emerging markets in the third quarter increased by approximately 17% quarter over quarter. With the booming installation for domestic projects in the second half of 2014, the third quarter witnessed comparatively higher average selling prices and better payment terms for solar panels. Shipments to China have increased by approximately 19% compared to the second quarter. In September 2014, China's National Energy Administration ("NEA") published new policies to accelerate distributed solar generation. Under this new policy, we had received approval of additional 120 MW of distributed solar generation projects in September 2014. In addition, we saw substantial growth in Japan with an over 30% quarterly increase in the third quarter. Recently, we signed a series of agreements to supply over 100 MW of polycrystalline solar panels in Japan. Due to our long-standing reputation for high quality products and services and our large and loyal customer base, our presence in traditional markets such as Europe and the U.S. has remained solid. We have signed a landmark agreement to supply 120 MW of solar panels for one project in France, which will be the largest solar power park in Europe upon its completion."

"Despite the slower than expected development of downstream projects in the first half of 2014, we are progressing well in the downstream in the second half of 2014. In the third quarter, we began to construct 185 MW of downstream projects, bringing our projects under construction to a total of 340 MW, with internal shipments to these projects having reached to 187 MW. In the fourth quarter, we expect to start the construction of 50 to 60 MW of downstream projects in total. Thus we expect to develop approximately 400 MW of downstream projects by ourselves or together with our partners by the end of 2014. We expect to sell about half of these projects upon completion of the construction. Among them, a 15 MW solar project in Hebei has been substantially completed and transferred to a renewable fund jointly established by the Company and Shanghai Sailing Capital Investment Fund."

"In order to seek a balance between our shipment volume and profitability, we decide to revise our shipment guidance for full year of 2014 to 3.3-3.35 GW," Mr. Miao concluded. 

Business Outlook for Full Year 2014

Based on current market and operating conditions, estimated production capacity and forecasted customer demand, the Company revises its current PV module shipment target to be in the estimated range of 3.30GW to 3.35GW (including 200 to 240MW shipment for PV systems) for fiscal year 2014, which represents an increase of 3.0% to 4.6% compared to fiscal year 2013.

BAODING, China, November 25, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated solar panel manufacturer in the world, known as "Yingli Solar", today announced that the Company will supply 72 megawatts of multi- and monocrystalline solar panels to Solarcentury Holdings Ltd. ("Solarcentury"), a leading solar company in the United Kingdom ("UK").

In terms of the agreement between Yingli and Solarcentury, the Company will complete the delivery of approximately 168,000 solar panels by the end of this year. The panels will be installed in projects across the UK. These projects will produce approximately 65,000 MWh of clean solar electricity per year, enough to supply around 21,800 typical UK homes.

"We are pleased to once more join forces with our trusted partner, Yingli Green Energy, for these exciting projects. We have worked together for a number of years, and the trust built up over that time makes it easier to execute on projects at this scale. Solar is still the most popular form of renewable energy among the UK public, unsurprising since developing our solar capacity stands to benefit many people and businesses. Also, by diversifying our energy mix, we can help improve the UK's energy security," said Mr. Matthew Boulton, Chief Operating Officer, Solarcentury.

"It is our pleasure to partner with Solarcentury, one of the most innovative companies in the UK and a long-term friend of Yingli. As we continue to see a strong solar market in the UK with a steady growth potential throughout 2020, we look forward to cooperate with this long-standing solar company on more exciting projects in the future," said Mr. Liansheng Miao, Chairman and Chief Executive Officer, Yingli Green Energy.

BAODING, China, November 24, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE), the largest vertically integrated solar panel manufacturer in the world, known as "Yingli Solar", today announced that it has signed a landmark agreement to supply 120 MW of YGE 72 Cell solar panels for a 300 MW project in France. Upon completion this will be the largest solar power park in Europe.

According to the agreement, Yingli Solar will ship more than 393,000 multicrystalline panels between December 2014 and June 2015. The solar park located in Cestas in the South West of France, covering 250 hectares of land divided in 25 solar plants, is expected to be connected to the grid in October 2015.

The 360 million Euro project is being developed by Neoen, a leading independent French power producer. For the engineering and construction, Neoen and the project's other investors contracted with a consortium of local companies, including Eiffage-Clemessy and Schneider Electric.

"One important step for a project of such immense proportions is to gain the trust of investors and banks, which involves choosing the right partners. We are confident that our decision to work with Yingli, well recognized for their reliable services will help us to meet the challenging project program while ensuring the long term performance of the plants," said Mr. Patrick de Labrusse, Cestas Project Director, Eiffage-Clemessy.

Yingli Solar's high efficiency panels will comprise more than one third of the overall project. They will be mounted in an east-west orientation to boost the system's overall power density given their layout.

The developer has worked hard on multiple system optimizations and plant design in order to increase the project's profitability and competitiveness. As a result, the plant will provide electricity at 105 Euro per MWh, which is below the price of the United Kingdom's new nuclear electricity, for example. By driving down the cost of solar electricity, the project clearly demonstrates the increasing competitiveness of solar PV against traditional energy sources.

"We are honored to be part of this milestone project in the European PV market, and to be delivering a promising model that is driven by profitability and cost-competitiveness rather than dependence on public incentives," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer, Yingli Green Energy. "Reaching grid parity is a reality now and we are pleased to partner with innovative European companies such as Neoen and Eiffage-Clemessy - they set a high standard and work hard every day to build a low-carbon economy across Europe."

BAODING, China, November 18, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the world's largest vertically integrated photovoltaic ("PV") module manufacturer, known as "Yingli Solar," sees new energy policies in China bringing new opportunities to expand its distributed solar generation initiatives and help meet China's energy demand more sustainably. The Company recently celebrated the successful completion of its first demonstration project under the new policy, which was developed for DuPont, a leading supplier of specialty materials to the solar energy industry, and also set a goal to expand its efforts to pursue additional distributed generation projects.

BAODING, China, November 12, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the world's largest vertically integrated photovoltaic (PV) manufacturer, today announced that its wholly-owned subsidiary, Yingli Green Energy Spain, S.L.U ("Yingli Spain") has supplied over 5 megawatts (MW) of solar panels for Bolivia's first solar power plant. Isotron, a subsidiary of the energy company Isastur and a leading global PV project developer and engineering, procurement, and construction (EPC) services provider, installed more than 17,000 solar panels in the 5 MW project, which is Bolvia's largest solar project and the world's largest storage-equipped hybrid PV-diesel project.

As Bolivia's first and largest solar power plant, the 5 MW system is expected to deliver clean energy to more than 49,000 people. It occupies 15 hectares (Ha) of land near the remote city of Cobija in the state of Pando, which has relied on diesel power generation because it is not connected to Bolivia's national utility grid. EGSA (Empresa Electrica de Guaracachi S.A), a subsidiary of ENDE (Empresa Nacional de Electricidad), carried out preliminary studies and basic engineering for the project.

The new solar power system incorporates both battery storage and diesel generation to ensure continuous access to electricity. It is expected to generate 7,500 megawatt-hours (MWh) of clean power each year, meeting approximately 50% of regional demand. The power plant will offset more than 1.9 million liters of diesel fuel, which will result in significant energy cost savings for the Bolivian government.

"We are pleased to complete this project in partnership with Isotron of Bolivia, one of our long-term strategic partners. We believe this is a landmark reference project in Bolivia and globally due to its large scale, the combination of traditional power generation and energy storage with PV, and the number of connected consumers," commented Mr. Fernando Calisalvo, Managing Director of Yingli Spain.

"Yingli proved to be a committed partner at every stage of this innovative project, which promises to be one of Latin America's most influential and forward-looking energy facilities. We look forward to working with the Yingli team in the future, especially as PV becomes an increasingly important element of the energy mix in Bolivia and beyond," noted Mr. Jose Antonio Alvarez, an ISASTUR Group Board Member.

"As Bolivia's first large-scale solar power system, we expect that this project will have a transformative impact in the region. Thanks to the combination of solar PV, energy storage, and diesel fuel generation in a single large-scale power plant, thousands of individuals in Bolivia now have access to reliable, clean electricity, which opens up dramatic possibilities for business development, education, and community empowerment," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

BAODING, China and SAN FRANCISCO, October 21, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Solar"), the world's largest vertically integrated solar panel manufacturer, announced today that it has surpassed two gigawatts (GW) of cumulative solar panel deliveries in the Americas. The more than six million Yingli Solar panels delivered are now generating electricity for more than 85,000 solar projects across the region.

"We're honored to reach this historic milestone, and thank our customers and stakeholders for making this possible," commented Mr. Robert Petrina, Managing Director of Yingli Green Energy Americas. "The investments that we've made in building highly capable local teams allow Yingli to provide differentiated services to our sophisticated and fast-growing customer base."

Yingli estimates that more than 80,000 homes and 5,000 business and institutions in the Americas are energized by its high-quality solar panels. Its most popular product line, the YGE 60 Cell Series, is a versatile multicyrstalline solar panel suited for most solar applications, from off-grid systems to large-scale utility projects.

Since early 2013, Yingli has deployed more than 150 megawatts (MW) of its high-performing solar panels Latin America and the Caribbean, becoming a leader in the region in fewer than six quarters.

"The United States remains an important market with strong growth potential, and we are very optimistic about the opportunities that it affords us," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "In addition, emerging markets are growing in significance as Latin America's PV industry is catalyzed by reforms enabling the accelerated deployment of solar. With a network of five regional offices across the Americas and dedicated, experienced local teams, Yingli will continue to provide our local customers with high-quality solar panels and exceptional service."

BAODING, China, Sept. 22, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar," today announced that it will supply over 24 megawatts (MW) of solar PV modules for the Pavana Solar Park, which is the largest solar power plant to break ground in Honduras. The project is owned by Energia Basica S.A. ("ENERBASA"), a Honduran energy company. Sybac Solar, a leading global solar integrator based in the United States, will provide engineering, procurement and construction (EPC) services.

Located in the city of Choluteca in southern Honduras, the Pavana Solar power plant is expected to be the largest solar project to connect to the country's national utility grid. Yingli will deliver nearly 80,000 large-format YGE 72 Cell Series modules to the project site from October through November 2014, and interconnection is expected to take place during the first quarter of 2015. Forecasts indicate that the system will generate approximately 40,000 megawatt-hours annually, which is equivalent to the annual electricity consumption of about 61,000 Honduran citizens.

"Thanks to projects like the Pavana Solar Park, our Central American footprint is growing quickly," noted Mr. Robert Petrina, Managing Director of Yingli Green Energy Americas. "Yingli's strategy in Latin America is to invest in sophisticated local operations and forge deep partnerships with the region's market leaders, including ENERBASA and Sybac Solar. As the pace of solar PV project development and construction accelerates in Latin America, our dedicated local presence has become a powerful differentiator."

"We are thrilled to contribute to Honduras' largest solar project to date, which will help the country reach its goal of meeting sixty percent of domestic electricity demand with renewable resources by 2020," commented Mr. Jeffrey Barnett, Vice President of International Sales of Yingli Green Energy Americas. "Thanks to a robust regulatory framework for renewable energy that includes net energy metering, a feed-in tariff, and tax incentives, Honduras is one of highest potential solar PV markets in Central America."

"We are proud of developing the first utility-scale solar project in Honduras and one of the largest in the region, thanks in part to the financial institutions that support us, to our shareholders that are devoted to investing in Honduras, and to our partnership with Yingli, which allows us to leverage economies of scale to deliver high quality, high value renewable energy solutions to Hondurans," noted Mr. Armando Ayes, ENERBASA´s General Manager. ¨This project demonstrates how our fast-track development model is ideally suited to the Honduran government's strategic renewable energy initiatives. Our group is eager to replicate this model throughout Latin America, and we are actively pursuing opportunities to develop projects using a broad range of renewable energy technologies."

"We have a strong track record of success partnering with Yingli as our key supplier for projects across the Americas, so we trust their dedicated Latin American team to deliver both high-quality products and excellent service," commented Mr. Markus Falz, Chief Executive Officer of Sybac Solar.

"We hope that this groundbreaking project will be the first of many Yingli Solar power plants in Honduras," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "By utilizing the region's vast solar potential, projects like the Pavana Solar Park are helping the nation create local jobs, reduce dependence on fossil fuels, and serve as a model for other Central American countries seeking to expand renewable energy generation."

Second Quarter 2014 Financial Results

• Total net revenues were RMB 3,408.9 million (US$549.5 million) in the second quarter of 2014, compared to RMB 2,686.8 million in the first quarter of 2014 and RMB 3,378.3 million in the second quarter of 2013.
• Net loss^[1] was RMB 285.2 million (US$46.0 million) and loss per ordinary share and per American depositary share ("ADS") was RMB 1.64(US$0.26). On an adjusted non-GAAP^[2] basis, net loss was RMB 275.0 million (US$44.3 million) and loss per ordinary share and per ADS was RMB 1.58 (US$0.25).

"I'm very pleased to report that we delivered another set of solid results in the second quarter of 2014 with an increase of 40.8% in our PV module shipments over the first quarter of 2014, which includes shipments for PV systems to the Company's own downstream power plants in China, and an overall gross margin of 15.6%, well in line with our previous guidance," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We remain focused on returning to net profitability by improving our operating efficiency, reducing manufacturing costs and optimizing our geographical footprints. In the second quarter, we saw increased demand for Yingli Solar modules from our key markets, such as China, Japan, United Kingdom and other new emerging markets. In particular, our shipments to new emerging markets in the second quarter increased by approximately 18% quarter over quarter while customer base doubled compared with the second quarter of 2013. Our dedicated local team in Japan has obtained notable achievements, which resulted in our shipments to Japan in the first half of 2014 exceeded our total shipments to Japan in 2013."

"In the first half of this year, we are developing in the aggregate 155 MW of downstream projects, some of these projects under construction are expected to be further developed together with our business partners such as China National Nuclear Corporation, Shanghai Sailing Capital Investment Fund and Datong Coal Mine Group Co., Ltd. In the third quarter, we expect to start construction of a total of 168 MW of downstream projects across China."

"Moving back to domestic market, we see large potential for distributed generation PV projects in the second half of 2014 although the growth in demand was slower than expectation in the first half of this year. The National Energy Administration of PRC announced that it planned to issue a notice requiring further efforts to implement the supportive polices for distributed generation PV projects and announced the goal of achieving at least 13 GW of PV capacity to be connected to the grid in 2014. We expect that the demand for PV modules in China market will accelerate in the second half of 2014," Mr. Miao concluded.

Business Outlook for Full Year 2014

Based on current market and operating conditions, estimated production capacity and forecasted customer demand, the Company revises its PV module shipment target to be in the estimated range of 3.6GW to 3.8GW (including 400 to 600MW shipment for PV systems) for fiscal year 2014, which represents an increase of 11.3% to 17.5% compared to fiscal year 2013.

BAODING, China, August 27, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar," today announced that it has partnered with renewable energy developer Push Energy Ltd. ("Push Energy") to supply Yingli Solar's multicyrstalline modules for four large-scale PV power plants in the United Kingdom ("U.K.").

The four sites will collectively have a clean, renewable electricity capacity of up to 66 MWp and will be located in East Anglia, U.K. The projects will be completed by February 2015. Push Energy works with landowners, local stakeholders, planners and the power networks to supply renewable, green power into the grid for local use. The company has a strong background in farming and conservation management and selects sites that have minimum visual impact with appropriate landscaping.

"Solar PV farms have an important role to play in the U.K.'s long-term energy security. Working with strong partners such as Yingli Green Energy is critical to our vision for the future. The company has provided invaluable support and hands-on practical advice which has allowed us to complete all projects to a very tight time schedule," said Mr. Jason Wallis, Finance Director of Push Energy.

"We are thrilled to work with Push Energy in Europe's largest and most promising solar market to date," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We are committed to working with well-established companies with a solid project pipeline such as Push Energy. It also supports our long-term commitment to the U.K. market where we see sustainable growth potential in the coming years."

System to be one of the largest installed on a rented rooftop

BAODING, China and TOKYO, August 21, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar," today announced that its wholly-owned subsidiary, Yingli Green Energy Japan Corporation, Ltd. (Yingli Japan), is supplying more than 2 MWs of monocrystalline PV modules to Japan Benex Corporation. The modules will be used on the Benex Nagareyama Solar Port, which will be one of the largest solar projects on a rented rooftop in Japan upon completion.

According to the agreement between Yingli Japan and Japan Benex Corporation, Yingli will deliver more than 8,000 monocrystalline PANDA series modules for the project by the end of August 2014. Located in Nagareyama City, Chiba Prefecture, the project will be connected to the grid in October 2014. Upon completion, it will generate approximately 2,150,000 kWh of clean electricity annually. Installing solar energy systems on rented rooftops is an emerging trend in the Japanese solar market due to limited land availability.

"We are pleased to install Yingli's PV modules on the Benex Nagareyama Solar Port," said Mr Yohei Kobayashi, Executive Vice President of Japan Benex Corporation. "Since the project's space is limited by a small roof, our success depended on selecting a highly efficient module. Yingli's PANDA series is most appropriate for the project, with its high output and high quality."

"We're pleased to partner with Japan Benex Corporation once more," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "By leveraging our strong track record of success with long-term partners such as Japan Benex Corporation, we expect to see more opportunities in Japan's rooftop solar market."

BAODING, China and MADRID, Aug. 11, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar," today announced that its wholly owned subsidiary, Yingli Green Energy Spain, S.L.U. ("Yingli Spain") has signed a 31.6 MW supply agreement with Gestamp Solar, a leading Spanish developer and operator of utility-scale PV systems for a solar power plant in Daigo,Japan.

According to the agreement, the Company will deliver more than 125,000 multicyrstalline YGE 60 Cell Series modules to Gestamp Solar from October 2014 to February 2015. The 31.6 MW solar power plant will be situated on a former golf course in the town of Daigo, located in Japan's Ibaraki Prefecture. The system is expected to generate approximately 32.730 GWh\year of clean electricity, and utility grid interconnection is anticipated in the second quarter of 2015. This is the first solar project developed by Gestamp Solar in Japan, and is also one of the largest utility-scale projects to be developed by a foreign company in Japan. Gestamp Solar is the sole proprietor of the project.

"This is an important milestone for Gestamp Solar. It is the largest single solar project to secure non-recourse financing in Japan and we are confident to see more projects on a similar scale in the future," said Mr. Jorge Barredo, Chief Executive Officer of Gestamp Solar.

"This is not the first collaboration between Yingli Spain and Gestamp Solar. In 2012, a 20 MW plant was built in Moquegua, Peru and Yingli was the sole PV module supplier. Gestamp Solar is a long-term strategic partner for us, and we look forward to a continuous and fruitful cooperation in the future," said Mr. Fernando Calisalvo, the Managing Director of Yingli Spain.

"We are pleased to see this achievement build on the company's track record of success in Japan, which includes our 32 MW project in Okayama, Japan announced in July," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "The Company's shipments to Japan increased by more than 50% in the first quarter of this year as compared to the fourth quarter 2013. Our success in this important emerging market is key to Yingli's corporate strategy, and we look forward to further supporting the growth of solar PV in Japan moving forward."

BAODING, China, August 8, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar," today announced that the Company has successfully completed trial production of monocrystalline ingots using new material technology. Instead of using traditional graphite crucibles when pulling monocrystalline ingots, the Company experimented with crucibles made from a carbon-carbon (C-C) composite material. Yingli's initial estimates suggest that the new material could reduce manufacturing costs by nearly 0.01 USD per watt.

While graphite crucibles are currently the most commonly used type of crucible in monocrystalline ingot formation, they are known to have low strength, short lifetimes, and a high risk of silicon leakage because the crucibles are prone to cracking during the heating process. C-C composite crucibles are not as vulnerable to these risks because they are made from a reinforced carbon fiber matrix that is low-density, high-strength, with high thermal conductivity, thermal shock resistance, and dimensional stability. Transitioning to C-C composite crucibles will reduce the per-unit cost of furnace crucibles, improve the stability of crystal pulling, and increase the utilization rate of monocrystalline silicon ingots by approximately 3%.

Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy, commented, "Our pursuit of innovative manufacturing processes has played a key role in Yingli's growth trajectory. As the world's largest vertically integrated PV manufacturer, we are dedicated to continuous improvement on our manufacturing lines and frequently experiment with new material and technologies. Our priorities are to improve efficiency, reduce costs, and deliver high product quality, so that we can maximize value for our global partners and bring affordable green energy to all."

BAODING, China, Aug. 7, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar," today announced that the Company has surpassed 10 gigawatts (GWs) of cumulative solar module deliveries worldwide. The company realized this historic milestone by June 30^th, 2014.

When fully operational, the total power generated annually by Yingli's deployed fleet could power an estimated four million average homes, and is equivalent to nearly one fifth of China's total residential power consumption in 2013 (assuming that 1 megawatt of Yingli modules will produce 1.2 million kilowatt-hoursof electricity each year).

Each year, the modules will offset approximately 6.8 million tons of carbon emissions when compared to conventional coal generation, which is equivalent to planting more than 340 million trees.

"We are tremendously grateful to our loyal customers, supportive business partners, and talented employees around the globe, without whom we could not have reached this milestone," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "With this achievement, we are one step closer to achieving our mission of providing affordable green energy for all."

"Going forward, we will remain focused on technological innovation and operations optimization, with the goal of driving the expansion of solar PV worldwide," said Mr. Bryan Li, Executive Director and Chief Strategy Officer of Yingli Green Energy. "We aim to maintain our leadership position in the global clean energy movement by continuing to deliver cutting-edge products and services that deliver long-term value to our partners around the world."

Yingli Solar has now delivered more than 40 million solar PV modules to over 50 countries and regions across the globe. They are installed in a broad range of systems, from high-profile projects at FIFA World Cup� stadiums and small off-grid applications to some of the world's largest solar power plants, including the Qinghai Golmud Solar Park. Families, communities, businesses, and utilities around the world trust Yingli to deliver high quality, reliable green energy solutions.

BAODING, China, July 31, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar," today announced that its wholly-owned subsidiary, Yingli Green Energy International AG, has entered into a strategic alliance with AMB Energia Wytwarzanie ("AMB Energia"), a subsidiary of AMB Energia S.A. to co-develop 30 MW of solar projects in Poland.

Within the framework of the agreement, AMB Energia as a local partner will fully develop the projects with the strongest support from Yingli throughout all project stages. Both parties intend to sell the turn-key projects to investors. The closure of this strategic partnership endorses once more the Company's strategy of identifying strong local partners in key regions of the world for project opportunities by at the same time consistently transforming from a pure module supplier into a provider for integrated solar energy solutions.

"In this strategic alliance, the partners will jointly work on co-developing a diversified project portfolio to be ready for inclusion into the auction system* in 2015. As a leading developer in Poland, AMB Energia will engage in all stages of the development phases of the solar PV projects. This partnership will furthermore enhance our strong position in the project business as well as in the Polish market," said Mr. Manuel Seiffe, Head of Project Business, Yingli Green Energy International AG.

"It is a great honor to cooperate with the world's leading PV manufacturer on the development, implementation and commissioning of projects. We believe that the investment in a pipeline of early-stage project opportunities will bear fruit as early as in 2015," said Mr. Przemysław Pięta, Chief Executive Officer of AMB Energia S.A.

BAODING, China, July 28, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company,") the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar," today commented on the preliminary anti-dumping duty ("AD") tariff decision by the U.S. Department of Commerce regarding the import of certain solar PV products assembled in China using components from a third country. According to the decision, Yingli Green Energy and its affiliates will be considered part of the Separate Rates Group and will be subject to a preliminary anti-dumping tariff of 42.33% on certain PV solar module imports.

"Unfortunately, this determination will increase the price of solar energy in America, severely jeopardizing the U.S. solar industry's tremendous progress in cost competiveness and affordability when compared with traditional energy sources," commented Mr. Robert Petrina, Managing Director of Yingli Green Energy Americas, Inc. "While we have fully cooperated throughout this investigation and were prepared for this preliminary decision, we ask that our industry comes together to resolve this dispute and focus on the growth of the promising American market. We remain committed to the U.S. solar market and will continue to support our partners and projects."

When combined with the previously announced preliminary countervailing duty ("CVD") tariff, Yingli's combined tariff rate on imported PV modules assembled in China, but containing cells manufactured in a third country from certain Chinese components, is 47.27%. Both the AD and CVD tariff determinations for all solar products covered by these petitions are preliminary, and may be revised once the International Trade Commission ("ITC") completes its investigation. The final AD and CVD determination is expected before the end of 2014, and the final ITC determination is expected in early 2015.

"As a result of protectionist trade policies that raise prices and slow the deployment of solar power, we anticipate that significantly fewer people in the U.S. and globally will experience the long-term economic and environmental benefits of widespread solar adoption," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "At Yingli, our mission is to bring affordable green energy to all, so we are hopeful that a solution based on the principles of free trade and fair competition will be reached."

BAODING, China and TOKYO, Japan, July 23, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company,") the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar," today announced that its wholly-owned subsidiary, Yingli Green Energy Japan Corporation ("Yingli Japan"), has signed an agreement to supply 32 MWs of multicrystalline PV modules to a large-scale project located in Okayama, Japan.

According to the agreement, the Company will deliver approximately 108,000 YGE 72 Cell Series modules for the project from January 2015 to December 2015. The project is financed by GE Energy Financial Services and developed by Pacifico Energy K.K., a utility-scale solar project developer based in Tokyo. This project is expected to generate 37,000,000 KwH of solar power annually.

"We are very delighted to see the successful implementation of the project, thanks to the efforts of all the parties involved. We believe that high quality modules are a key factor for the development of PV projects and Yingli Solar is absolutely the best choice for the project," commented Mr. Kazuomi Kaneto, President of Pacifico Energy K.K.

"We are pleased to cooperate with Pacifico Energy K.K for the first time, and hope that our first project together is the beginning of a strong and long-standing partnership," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Our customer base in Japan has quadrupled since the fourth quarter of 2013, thanks to our strong reputation for product quality in the Japanese market. We look forward to deepening our relationships with our Japanese partners as this important emerging market continues to expand."

BAODING, China and SANTIAGO, Chile, July 22, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar", has expanded its footprint in the Americas by opening the Company's third Latin American office in Santiago, Chile.

To facilitate the opening of the new office and Yingli's growth in the Chilean solar market, Yingli has brought on Mr. Robert Muhn to serve as Managing Director of Yingli Green Energy Chile. Under his leadership, the Santiago office will initially focus on the country's burgeoning utility-scale solar market segment, where Mr. Muhn will build on the Company's track record of success in supplying large-scale solar plants in Latin America. Thanks to its strong partnerships with leading global project developers and EPCs operating in Latin America, Yingli has already deployed more than 25 megawatts (MW) of solar modules in Chile.

"Chile is a high-potential solar market and home to some of the strongest solar irradiation in the world, particularly in the Atacama Desert," noted Mr. Robert Muhn, Managing Director of Yingli Green Energy Chile, "While we see tremendous growth potential in Chile's utility-scale market, we also anticipate that the country's relatively high electricity prices and strong solar resources will provide a foundation for a thriving and sustainable distributed generation market in the future."

As demonstrated by the Company's long-standing presence in the region, the South and Central American solar energy markets are a major strategic priority in Yingli's long-term global development plans. In addition to Yingli's permanent offices in Mexico City, So Paolo, and Santiago, the Company also maintains warehouses and inventory in both Mexico and Brazil, which expedite and streamline regional module deliveries.

"Our continued investments in Latin America are a reflection of our confidence in this key emerging market's long-term growth potential," said Mr. Jeffrey Barnett, Vice President of International Sales at Yingli Green Energy Americas. "Thanks to our strong team of professionals across the region, we are establishing lasting partnerships with pioneering companies to help drive the expansion of solar PV across Latin America."

Led by Brazil, Chile, and Mexico, the Latin American region is expected to install over 700MW of solar panels in 2014, according to GTM Research. Industry analysts also predict that solar demand in the region will exceed one gigawatt in 2015 and achieve a 50% annual growth rate for the next several years.

The PV modules will be installed at the Wuhan Dongxihu Bonded Logistics Center, a large-scale distribution and import-export facility located in the city's bonded logistics zone. The project will consist of approximately 12,000 multicyrstalline Yingli Solar modules, which will be mounted on the rooftops of four separate warehouses, covering a total of 39,000 square meters. The project is expected to generate 39 million kilowatt-hours of clean energy per annum.

Construction of the project will begin in September 2014, and is expected to be completed within 5 months. Once operational, 80% of the electricity generated by the project will be used by the logistics center, and the remaining 20% will be delivered to the municipal utility grid.

"We are pleased to provide our solar modules to this important demonstration project in Hubei province," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Institutions throughout Hubei province's bonded logistic zone have transitioned to sustainable, low-carbon energy generation in recent years, and we are honored to once again supply an innovative PV project in this region."

BAODING, China, July 15, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar", today announced that its wholly owned subsidiary, Yingli Green Energy Spain, S.L.U ("Yingli Spain") has signed an Engineering, Procurement and Construction (EPC) contract with Senelec (Societe Nationaled'Electricite de Senegal), the stated owned utility company of Senegal,for a 2MW ground-mounted PV plant, one of Senegal's flagship PV projects.

According to the agreement, the Company will co-develop the 2MW project located in Dakar, Senegal with Senelec. The project will supply clean energy to the new international conference center Diamniadio in Dakar where the renowed "XV Francophonie Summit" will take place in November 2014. Construction will begin in July and the plant is expected to be in operation by November 2014. As the project's exclusive PV module supplier, the Company will supply its multicrystalline modules that, upon installation, will spread over approximately 2.5 hectares.The project is anticipated to generate 3.7 MWh of electricity per year, enough to power more than 1,000 typical homes in the area.

"This project is an opportunity for Yingli Solar to integrate its technology in the west African energy market and an opportunity for Senelec to build the future of clean energy in Senegal. I hope this example of cooperation between Senelec and Yingli will be enlarged to various domains of Yingli technology. With this project, Senelec realizes the vision of the President Macky SALL, for an energy mix giving more place to clean energy," said Mr Papa DIENG, General Manager of Senelec.

"We are pleased to realize this project together with the national utility company of Senegal. This turnkey project is a new milestone for the Company's development in emerging markets and will enhance our position as a solar energy solutions provider throughout Africa. We are committing to promoting the development of clean energy in Africa through our expertises and high-quality products," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

BAODING, China and SINGAPORE, June 19, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company,") the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar," today announced that its wholly-owned subsidiary, Yingli Green Energy Singapore Company Pte. Limited ("Yingli Singapore"), is supplying 12 MWp of solar modules to Gading Kencana Sdn Bhd., a leading solar energy company in Malaysia.

Yingli's high-efficiency PANDA solar modules, which contain Yingli's patented n-type cell technology, will be used in an 8 MWp utility-scale solar farm in Malacca, Malaysia, which covers approximately 14.5 acres. 30,000 Yingli modules have already been delivered to the project site, and it's estimated that the plant will generate approximately 11 million kWh of clean electricity per year.

The remaining 4 MWp of Yingli modules comprising PANDA modules and multicrystalline solar modules will be used in a second project phase, which will be dedicated to residential installations across Malaysia. Yingli's modules are estimated to produce approximately 4,160 MWh of clean electricity per year, which is enough to power about 1,000 typical homes in Malaysia.

"We are delighted to cooperate with Yingli Solar, a global leader with a strong brand and reputation. Malaysia has high solar generating potential throughout the year, so cooperating with companies like Yingli to grow our country's solar PV capacity makes good economic sense. We believe that the combination of our two companies' strengths will help us to provide the best quality of service to our clients and to local communities," commented by Dato Ir. Guntor Tobeng, Managing Director of Gading Kencana.

"We are pleased to establish a strong partnership with Gading Kencana, one of Malaysia's most prominent solar project developers, and we believe our agreement represents a significant opportunity for expansion for both of our companies. Our collaboration will help Yingli to meet demand for clean power in Malaysia, and to solidify the company's leadership position in Southeast Asia," said Angie Koh, Business Development Direct of Yingli Singapore.

First Quarter 2014 Financial Results

• Total net revenues were RMB 2,686.8 million (US$432.2 million).
• Non-GAAP^[2] basis, net loss was RMB 338.5 million (US$54.5 million) and loss per ordinary share and per ADS was RMB 2.16(US$0.35) vs. last years loss of RMB(3.91)

"I'm pleased with the improvement in our gross margin in the first quarter of 2014, which is attributable to the slight increase in average selling price of PV modules and our on-going efforts on cost reduction, and I have confidence in our ability to drive additional improvement moving forward," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "In the first quarter, we witnessed a continued evolution of end demand diversification with exceptional demand from Japan and other emerging markets coupled with steady growth from U.S. and stabilization in Europe, while module shipments in MW shrunk primarily due to the traditional seasonality and a slightly delay in delivery for projects in Algeria. The proportion of shipments to markets outside China, U.S. and Europe doubled and accounted for 35% of our total shipments in the first quarter of 2014, compared with 16% in the fourth quarter of 2013."

"In addition to module business, the Company has continued to make steady progress in the execution of our downstream strategy to transform ourselves from a pure PV manufacturer to a renewable energy solutions provider. We have approximately 1 GW of downstream project pipeline across China. In the first quarter, we commenced the construction of two ground-mounted PV projects in Hebei Province, which are expected to complete in the third quarter of 2014. We also began to construct 110 MW of utility scale projects and 20 MW of distributed generation projects located in Hebei, Guangxi and Sichuan province in June of 2014. Based on the current project development status and the expectation of progress of project pipelines, we expect to develop approximately 400MW to 600MW of PV projects by the end of 2014."

"Furthermore, we and Sailing Capital, the first large cross-border RMB private equity fund launched in China, jointly formed a fund with the aim to invest primarily in Yingli Green Energy's solar PV projects in China through various portfolios. Through the integration of both parties' respective advantages in the solar industry and financing, we believe our cooperation with Sailing Capital will not only open more options for the efficient commercialization of downstream projects, but also help transfer the most effective financing solutions and development such as securitization of PV projects."

"Since the beginning of the second quarter, we have seen substantial upside in demand from China as well as emerging markets such as South America, Southeast Asia and Africa, we expect this trend to continue towards the second half of 2014. Based on our current order backlog and estimation of market prospects, we expect our shipments in the upcoming quarters will pick up from the first quarter and we are confident to achieve shipment guidance of 4.0GW to 4.2GW for fiscal year 2014," Mr. Miao concluded.

BAODING, China and KUALA LUMPUR, Malaysia, June 13, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar," today announced that its wholly-owned subsidiary, Yingli Green Energy Singapore Company Pte. Limited ("Yingli Singapore"), is pleased to announce the official commissioning of Malaysia's largest solar power plant, which is powered by over 10 MWs of Yingli Solar modules. The project was developed by Amcorp Power Sdn. Bhd. ("Amcorp Power"), which is a subsidiary of Amcorp Group Berhad, an investment holding company based in Malaysia.

The companies' strong partnership can be traced back to March 2013, when Yingli Singapore signed an agreement with Amcorp Power to supply Yingli Solar modules for the 10.3 MW PV power plant, located in Gemas, Negri Sembilan, Malaysia. The project was commissioned in the beginning of June and spans an area of approximately 34 acres. It utilizes over 40,000 YGE Series multicrystalline modules that are estimated to generate approximately 13.6 million kWh of clean electricity per annum. The opening ceremony of the project was officiated by Tuanku Muhriz Tuanku Munawir, DYMM Yang Dipertuan Besar Negeri Sembilan Darul Khusus.

"We are pleased to have selected Yingli Green Energy as our module supplier for Malaysia's largest solar power plant. As the world's largest solar module manufacturer, Yingli provided us with the high-quality solar modules and after-sales support that we required for the project," said Encik Shahman Azman, Director of Amcorp Group Berhad.

"We're delighted to see that our products and services have fulfilled the requirements of Amcorp, an important partner of Yingli's," said Angie Koh, Business Development Direct of Yingli Singapore. "We are proud of our contributions to their pioneering project, and believe that through further cooperation with leading players such as Amcorp Power, we will continue to grow our footprint in promising Southeast Asia."

BAODING, China, June 4, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar", today commented on the preliminary countervailing duty ("CVD") tariff decision by the U.S. Department of Commerce regarding the import of certain PV solar products assembled in China using components from a third country. According to the decision, Yingli Green Energy will be considered part of the Separate Rates Group and will be subject to a preliminary anti-subsidy tariff of 26.89% on certain PV solar module imports.

"Today's decision will unfortunately make solar power more expensive for American consumers, and diminish opportunities for tens of thousands of U.S. solar jobs that we have helped to create. We will continue to fight this petition and defend ourselves, alongside the majority of the U.S. solar industry," said Robert Petrina, Managing Director of Yingli Green Energy Americas, Inc., the Company's operating subsidiary in the U.S. "We have fully cooperated throughout this investigation and have prepared ourselves for today's outcome, given the highly politicized nature of this case. We remain dedicated to the U.S. solar market and will continue to support our customers and projects."

Today's preliminary decision on the anti-subsidy side will be followed by another preliminary decision for anti-dumping, scheduled for July 24^th, 2014. No final tariff decisions will be made until the International Trade Commission completes its investigation as well, which is scheduled to occur before the end of 2014.

"As we have witnessed globally now, tariffs are not the answer to driving affordable solar energy," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We support international trade and fair competition and hope that those will prevail at the end of this dispute."

BAODING, China, June 3, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, also known as "Yingli Solar," today announced that its Board of Directors has appointed PricewaterhouseCoopers Zhong Tian LLP ("PwC") as the Company's independent auditors. PwC will replace KPMG as the independent auditors for the Company with immediate effect. The Company is working closely with its prior audit firm, KPMG, and PwC to ensure a seamless transition.

The appointment of PwC was made after careful consideration and extensive evaluation process by the Board of Directors, the Audit Committee and management of the Company and approved by the Board of Directors and the Audit Committee of the Company. During the two fiscal years ended December 31, 2012 and 2013, and the subsequent interim period through June 3, 2014, there were no (1) disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements if not resolved to their satisfaction would have caused them to make references in connection with their opinion to the subject matter of the disagreement, or (2) reportable events. The audit reports of KPMG on the Company's consolidated financial statements for the fiscal years ended December 31, 2012 and 2013 did not contain any adverse opinion or disclaimer of opinion nor were they qualified or modified as to uncertainty, audit scope or accounting principles.

"We are grateful for KPMG's quality service of their experienced and dedicated team over the past several years as the Company's external auditors," said Mr. Yiyu Wang, Chief Financial Officer of Yingli Green Energy. "We selected PwC because of its expertise in high technology issues, strong international presence and excellent reputation."

BAODING, China, May 21, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar," today announced that it has begun trial production of monocrystalline silicon modules with N-type Metal-Wrap-Through ("N-MWT") technology, by adopting equipment provided by Formula E s.r.l. (Formula E), a leading supplier of photovoltaic technology and automated manufacturing lines.

As part of the companies' strategic collaboration agreement, Formula E designed and produced a set of innovative manufacturing equipment for back contact applications in the production of N-MWT modules. The equipment has been installed in one of Yingli Green Energy's module workshops, and production trials are currently on-going.

The N-MWT technology, one of the highly innovative technologies the Company involved in, will reduces power loss in the module encapsulation process and improves cell efficiency by reducing the amount of metal applied to each solar cell, which exposes more of the solar cell's surface area to sunlight than with traditional monocrystalline technologies.

"The Formula E team worked tirelessly to put in place a pilot production line that enables the automated manufacturing of different module architectures, delivering unprecedented reliability, accuracy and precision in the manufacturing of MWT modules. Our collaboration with Yingli Solar is definitely strategic for our growth. We believe a new age for PV industry is now open and promises very appealing results for end users," commented Davide Spotti, the president of Formula E.

"We believe that cost reduction and technology improvement are critical to achieving our mission, which is to provide affordable green energy for all," said Cindy Hu, Vice President & Technical Director of Yingli Green Energy. "These innovations in MWT technology are the result of our team's strong partnership with Formula E. We look forward to further optimizing our manufacturing processes through joint efforts with leading PV equipment manufacturers, including Formula E."

BAODING, China, May 14, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar," today announced that it will provide engineering, procurement and construction services to the Electricity Generating Authority of Thailand (EGAT) for a 5 MW solar power plant in Thailand as a member of a four-party Consortium ("Consortium"). The newly formed Consortium is composed of Yingli Energy (Beijing) Co., Ltd., the Company's holding subsidiary; HYDROCHINA International Engineering Co., Ltd., a subsidiary of the Power Construction Corporation of China (POWERCHINA); Hebei Electric Power Design & Research Institute; and Thailand's Wattanasuk Engineering Co., Ltd.

Under the terms of the contract, the Consortium is responsible for engineering, procurement and construction of the 5 MW Thap Sakae PV Power Plant, located in Thap Sakae, Prachuap Khiri Khan Province, in southern Thailand. The THB 631.5 million (19.4 million USD ) solar project is now under construction with commercial operation expected to begin in May 2015. The project was designed to use both crystalline silicon PV modules and thin film PV modules. Yingli Green Energy will supply 1 MW of polycrystalline silicon modules for the project in the third quarter of 2014 and the Consortium will procure the thin film modules from third party suppliers. The project is financed by EGAT.

POWERCHINA is a state-owned enterprise that provides world-leading EPC services in the development of hydropower, water works, thermal power, new energy, and transmission and distribution projects, in addition to the fields of infrastructure, equipment manufacturing, real estate and investment. EGAT is Thailand's leading state-owned power utility under the Ministry of Energy, responsible for electric power generation and transmission for the whole country as well as bulk electric energy sales.

"We are pleased to cooperate with influential companies such as POWERCHINA, a world-leading PC services provider, and Yingli Green Energy, a world-leading solar company. As demand for electricity rises in Thailand, we believe that solar PV will play an increasingly important role in our energy mix, thanks to our country's abundant solar resources," commented by Mr. Soonchai Kumnoonsate, the Governor of EGAT.

Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy, noted that, "This agreement marks a new milestone in Yingli's long-term strategy to move downstream as a solar energy solutions provider. We are pleased to successfully offer EPC service offerings outside of China and into South East Asia, in close collaboration with our partners. In addition to driving our long-term efforts to grow our company's downstream business operations, this agreement will help Yingli to further expand our influence and presence in the fast-growing South East Asia solar market."

BAODING, China, May 9, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar", today announced that it has delivered 10 MW of monocrystalline silicon modules to Kingspan Energy, part of the Kingspan Group, the global leader in high performance insulation and building envelope solutions.

5.8 MW of these PANDA Series modules are installed on the rooftop of a new facility of a  multinational automotive company located in the Midlands, United Kingdom. With a coverage of approximately 35,000 square metres, the 5.8 MW system is currently the largest rooftop solar project in the UK. Completed in the first quarter of 2014, it will generate about 5.5 MWh of electricity per year, enough to power 1,500 homes. The remainder of PANDA modules are used on other large-scale rooftop projects implemented by Kingspan Energy in the first quarter of 2014. 

"This project serves as another milestone in developing our relationship with Yingli Green Energy, a global leader in renewable energy solutions. By leveraging our expertise in the construction industry and Yingli Solar's superior performance modules, we believe we have a robust roadmap to deliver high efficiency, low cost and low carbon building solutions across a broad range of market sectors," commented Peter Turley, Business Unit Manager of Kingspan Energy.

"The UK has seen unprecedented growth in this last quarter with hundreds of megawatts of PV �being deployed ahead of the Q2 ROC adjustment. We believe that demand for large-scale rooftop projects with a self-consumption model will, in the coming months, continue to provide a stable backbone for the UK market," said Mr. Ramin Dilmaghanian, Business Development Director UK, Yingli Green Energy.

"We are delighted to expand our presence in the industrial and commercial rooftop market in the UK," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "The UK solar market has seen significant growth due to stable funding mechanisms such as the solar Feed-In Tariff scheme and the Renewables Obligation which is the main support mechanism for renewable electricity projects in the UK. We will continue to solidify our leading position in this sustainable market through cooperation with key partners such as Kingspan Energy."

BAODING, China, May 8, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar," today announced that its Turkish subsidiary, Yingli Green Energy Enerji Urunleri San. ve Tic. Ltd. ti (Yingli Turkey) will supply 30 MW of multicrystalline PV modules to Tekno Ray Solar Enerji Sistemleri San. Tic. Ltd. Sti (Tekno Ray Solar), Turkey's fastest-growing solar energy company.

According to the agreement between Yingli Turkey and Tekno Ray Solar, 30 MW of Yingli Solar modules will be delivered in installments from the second quarter of 2014 through the first quarter of 2015. The high quality YGE Series modules will be installed in several large scale solar projects in the southern part of Turkey.

"In Turkey, which has Europe's richest solar resources, we believe that we need to utilize the sun in order to contribute to both the economy and the environment. At Tekno Ray Solar, we have blazed a trail in large-scale PV project development. We selected Yingli Solar because of the company's strong brand and high-performance, high-quality product," said Mr. Altay Cokunolu, Chairman of the Executive Board of Tekno Company Union.

"Yingli Solar's global experience and market leadership are an asset to Tekno Ray Solar, one of Turkey's leading PV project developers. Establishing partnerships with Turkey's leading PV project investors is a key driver of our strategy," said Dimitrios Bachadakis, Director of Yingli Green Energy South East Europe.

"We are delighted to reach a new milestone in the market development in Turkey with Tekno Ray Solar, with whom we have partnered on many projects, including Turkey's first medium voltage ground-mounted project in MW size with grid connection and the first self-consumption project in the Akdeniz Region. We look forward to enhancing our presence in this high-potential solar energy market," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

BAODING, China, May 1, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company") today announced that its follow-on public offering of 25 million American Depositary Shares ("ADSs"), each representing one ordinary share of the Company, was closed on April 30, 2014.

The Company received aggregate net proceeds of approximately US$83.0 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. Yingli Green Energy intends to use the net proceeds from this offering for downstream expansion and other general corporate purposes. In particular, it intends to use approximately US$55 million to invest in the downstream solar projects together with Shanghai Sailing Capital Management Co., Ltd. The Company's management will have significant discretion in the allocation of the net proceeds that the Company may receive from the offering. Depending on future events and other changes in the business climate, the Company may determine at a later time to use the net proceeds for different purposes.

Yingli Green Energy Holding Company Limited

25,000,000 American Depositary Shares

Representing 25,000,000 Ordinary Shares

BAODING, China, April 25, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company") today announced that its follow-on public offering of 25 million American Depositary Shares ("ADSs"), each representing one ordinary share of the Company, was priced at $3.50 per ADS. Yingli Green Energy has granted the underwriters a 30-day option to purchase up to 3.75 million additional ADSs to cover over-allotments.

Yingli Green Energy intends to use the net proceeds of US$83.0 million it receives from this offering for downstream expansion and other general corporate purposes. In particular, it intends to use approximately US$55 million to invest in the downstream solar projects together with Shanghai Sailing Capital Management Co., Ltd. The Company's management will have significant discretion in the allocation of the net proceeds that the Company may receive from the offering. Depending on future events and other changes in the business climate, the Company may determine at a later time to use the net proceeds for different purposes.

BAODING, China, April 24, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company") today announced that it intends to offer, subject to market and other conditions, 25 million American Depositary Shares ("ADSs"), each representing one ordinary share of the Company, in an underwritten registered public offering. Yingli Green Energy intends to grant the underwriters an option to purchase up to 3.75 million additional ADSs to cover over-allotment.

Yingli Green Energy intends to use approximately 50% to 60% of the net proceeds from this offering for downstream expansion and use the remaining portion of the net proceeds for other general corporate purpose. The Company's management will have significant discretion in the allocation of the net proceeds that the Company may receive from the offering. Depending on future events and other changes in the business climate, the Company may determine at a later time to use the net proceeds for different purposes.

Yingli Green Energy Holding Company Limited

25,000,000 American Depositary Shares

Representing 25,000,000 Ordinary Shares

This is a public offering of American depositary shares, or ADSs, of Yingli Green Energy Holding Company Limited. We are offering 25,000,000 ADSs. Each ADS represents one ordinary share, par value US$0.01 per share. The ADSs are evidenced by American depositary receipts, or ADRs. Our ADSs are listed on the New York Stock Exchange under the symbol "YGE." On April 22, 2014, the last reported trading price for our ADSs was US$4.51 per ADS.

Investing in our ADSs involves risks. See "Risk Factors" beginning on page S-12 and in the documents incorporated by reference in this prospectus supplement for risks you should consider before investing in our ADSs.

Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus supplement. Any representation to the contrary is a criminal offense.

  The underwriters have an option to purchase up to 3,750,000 additional ADSs from us at the public offering price, less underwriting discounts and commissions, to cover over-allotments within 30 days of the date of this prospectus supplement.

BAODING, China, April 21, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar," today announced that the Company's subsidiaries in China and France agreed to cooperate with a leading French PV module manufacturer ("French Partner") to join forces to satisfy the requirements of the French national tender program ("French National Tender Program") under which the French Partner won large-volume tenders, according to the French Partner. The two leaders' co-branded products will be manufactured in France and powered by Yingli Solar's high performance solar cells.

Under conditions to be detailed in subsequent agreements, the French Partner will manufacture PV modules in France using Yingli Solar's polycrystalline cells with optimized carbon footprint technology. As a globally leading manufacturer of crystalline polysilicon PV products, Yingli Green Energy expects to ensure state-of-the art cell technology with the expertise of a fully vertically integrated manufacturer combined with its French Partner's downstream expertise and local assembling capacity.

In the recent rounds of public tenders under French National Tender Program, 17 out of 38 PV developers won projects with modules resulting from the partnership, representing 185 MW out of 380 MW in total, all of which have been approved by the French government, according to our French Partner. The projects are expected to be installed within the next 24 months. In addition to the purchase price of electricity to be produced, the French authorities appreciated the low carbon footprint of the projects and their contributions to research and development, innovation, and employment in France.

"Roughly 50% of the projects in the recent rounds of public tenders under French National Tender Program are expected to use locally made modules powered by cells supplied by Yingli," said Arnaud Catrice, Managing Director of Yingli France, a wholly-owned subsidiary of Yingli Green Energy. "This clearly demonstrates that project developers trust this alliance will have a long-term positive impact on the French PV industry. The partnership will not only reinforce our leading positions in French market, but also contribute for a promising local solar industry in a long run."

"We are delighted to join forces with our distinguished French partner and demonstrate once more the weight and importance of international cooperation for the development of solar PV as an affordable and clean source of energy in the global energy mix. PV module manufacturing is part of the value chain, and it creates local jobs that bring value to the country in which the modules are installed," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

The national tender system in France is applied for solar projects with installation capacity above 250 kW. The project developers or owners are required to enter a national solar tendering program, French National Tender Program, held by the Commission de Regulation de l'energie, or Energy Regulation Commission (CRE). According to public information, a total of up to 400 MWs of solar projects have been selected following a ranking method based on, among other criteria, the purchase price of electricity to be produced, the project's carbon footprint, and its share of and contribution to innovative research and development. Following the project ranking conducted by the CRE, the Ministry of Energy of French validates the winning projects to be built and grid-connected within 24 months.

BAODING, China, April 16, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, also known as "Yingli Solar", today announced that its wholly-owned subsidiary, Yingli Energy (China) Company Limited ("Yingli China") has signed a cooperation agreement (the "Agreement") with Shanghai Sailing Capital Management Co., Ltd., the manager of Shanghai Sailing Capital Investment Fund, to jointly form a renewable energy fund (the "Fund") in Shanghai with an aim to invest in downstream solar energy projects in China. Shanghai Sailing Capital Investment Fund is an affiliated entity of Sailing Capital International Fund ("Sailing Capital").

According to the Agreement, the Fund will have an initial size of approximately RMB1 billion, of which Yingli China commits to contribute approximately 51% of the total capital through its wholly owned affiliate in China. The capital contribution will, however, be made in several installments. The Fund is expected to invest primarily in Yingli Green Energy's solar PV projects through various portfolios, and both parties will take an active role in the management of the Fund. The parties will enter into further definitive agreements to formally define their partnership and specific investment opportunities.

"Renewable energy is emerging as a strategic industry in China and around the world, and the PV segment in particular has great prospects for future development," commented Mr. James Xiaodong Liu, Chief Executive Officer of Sailing Capital's fund manager. "As China's first large, cross-border RMB private equity fund, Sailing Capital is pleased to join a PV industry leader, Yingli Green Energy. The Fund, which will initially focus on ground-mounted solar power plant and distributed solar power generation system investments, marks the beginning of the two companies' comprehensive cooperation through capital and industrial resource sharing. This partnership will not only enhance Yingli Green Energy's strategic efficiency, but will also drive the rapid development of the industry and create value for the investors."

"We are delighted to partner with Sailing Capital, a leading RMB private equity fund with robust funding resources, to accelerate our footprint in the downstream solar energy market," commented Mr. Bryan Li, Executive Director and Chief Strategy Officer of Yingli Green Energy. "As a long-term strategic repositioning, this cooperation is a solid step towards our transition from a PV manufacturer to a renewable energy solutions provider. By securing a priority right in investing in Yingli Green Energy's downstream solar projects, we should also be able to seek more sources of investment in solar PV projects, while at the same time minimizing potential risks."

BAODING, China, April 14, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company,") the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar," today announced that its wholly-owned subsidiary, Yingli Energy (China) Company Limited ("Yingli China,") has entered into a framework agreement with United Photovoltaic Group Limited ("United PV" ) for the acquisition of China-based solar PV plants to be developed and constructed by Yingli Green Energy. United PV is a company listed on the Main Board of Hong Kong Stock Exchange.

According to the agreement, United PV will acquire at least 300 MW of large-scale solar energy systems, which is eligible for certain criterions, from Yingli China from 2014 to 2016. The plants are located mainly in Hebei, Guangxi, Shanxi, Shandong, and other provinces. Yingli China's wholly-owned project companies will have 100% equity in the power plants, and are responsible for their development, construction, and operation. United PV will acquire the project companies from Yingli Chinaafter the grid-connection and inspection to meet certain criterions addressed in the agreement.

"The collaboration with Yingli Green Energy will benefit both of our companies as we work to expand China's installed solar capacity through large-scale PV projects and create the leading operation platform for solar PV plants in China. Yingli Green Energy is one of the global PV industry leaders and the world's largest PV module manufacturer - they are experienced and capable in developing high quality solar plants. Together, we look forward to further cooperative opportunities in PV across the globe," said Mr. Hong LI, Chief Financial Officer of United PV.

"United PV has attracted significant public attention and recognition because of its success in China's downstream solar industry. United PV's deep experience in the acquisition and operation of solar PV plants complements Yingli's leading position in PV module manufacturing, system design, and construction," said Mr. Yiyu Wang, Chief Financial Officer of Yingli Green Energy. "As evidenced by today's announcement, Yingli remains committed to accelerating the development of our downstream business globally. We are pursuing this strategy in order to further improve profitability and optimize the Company's financial structure."

BAODING, China, April 11, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the world's largest vertically integrated photovoltaic ("PV") manufacturer, known as "Yingli Solar", today announced its preliminary estimates of certain financial results for the first quarter of 2014.

The Company estimates that its PV module shipments in the first quarter of 2014 decreased by low thirties percent from the fourth quarter of 2013, which is below its previous guidance of a mid-twenties percent decrease. The decrease was primarily due to a soft demand in China market as the result of a traditional seasonality and a slightly delayed schedule for delivering PV modules for projects in Algeria. This delivery delay was due to a longer than expected process for obtaining local construction permission and the delayed modules are now expected to be delivered in the following quarters. However, based on global market developments and, in particular, robust demand from China, U.S., Japan and other markets, the Company reiterates its PV modules shipment guidance of 4.0GW to 4.2GW for fiscal year 2014.

Furthermore, the Company estimates its overall gross margin in the first quarter of 2014 to be in the range of 15.5% to 16.5%, compared with its previous guidance of 14% to 16%. This increase is primarily due to a higher average selling price in the first quarter of 2014.

--with Grid Connection Permission and Committed Bank Loans

BAODING, China, April 11, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar," today announced the commencement of construction of its two ground-mounted PV plants in Hebei Province.

The two projects will have a combined capacity of 25 MW and are located in the cities of Baoding and Xingtai of Hebei Province. The Company's wholly-owned subsidiary, Yingli Energy (China) Company Limited ("Yingli China") enjoys 100% economic interest in the projects through exclusive agreements with the projects' developers and will be entitled to all economic benefits from the projects after their completion. The total investment in the projects are expected to be more than RMB 200 million (USD 33 million), approximately 75% of which will be funded by committed loans from domestic banks and approximately 25% of which will be provided by Yingli China. The two projects have received relevant grid connection permissions. Yingli Green Energy will supply the PV modules to be used in the projects. The projects are expected to be completed and connected to the grid at the beginning of the third quarter of 2014. Once completed, they will generate approximately 28,700 MWh per year, which is equivalent to offsetting the consumption of 9,300 tons of coal and cutting CO₂ emissions by more than 28,700 tons over the systems' 25-year lifetime.

"We are thrilled to continue expanding our downstream business," commented Mr. Yiyu Wang, Chief Financial Officer of Yingli Green Energy. "These projects will further consolidate our leading position in the industry not only as a PV manufacturer, but also as a solar energy solutions provider. In the meantime, we are in talks with a potential buyer on sale of the projects to such buyer after their completion."

BAODING, China, March 24, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar", today announced that it has supplied 1 MW of solar panels to Grupo Neoenergia, one of Brazil's largest energy companies and a pioneer in Brazilian solar project development. The panels will deliver clean electricity to Arena Pernambuco, the site of five 2014 FIFA World Cup� matches.

The unique ground-mount system, which is the first solar power plant for the Brazilian State of Pernambuco, is located on 15,000 square meters of land in Sao Louren�o de Mata, a suburb of Recife, the regional capital. The project contains more than 3,650 monocrystalline PANDA Series panels, which are made from Yingli Solar's patented, high-efficiency cell technology.

The system is projected to generate more than 1,500 MWh of electricity annually, which is equivalent to approximately 6,000 Brazilians' annual electricity consumption. It will meet thirty percent of Arena Pernambuco's electricity demand. When the stadium is not in use, the clean solar energy will be delivered to the local community's electricity grid through Brazil's net energy metering program.

Visitors to the stadium will be able to track the system's performance at a Visitor's Center designed to educate the public about solar energy. Additionally, sophisticated solar generation and weather monitoring stations will support solar energy research and development.

FIFA President, Joseph S. Blatter, commended the project saying that "FIFA is committed to ensuring sustainability principles are applied to the 2014 FIFA World Cup planning and implementation. Large-scale solar projects like this one are contributing to our mission of reducing the negative and increasing the positive impact of the World Cup on society and the environment. We are grateful for the support of Yingli and their local partners in helping us leave a lasting, positive legacy in Brazil."

"We are thrilled to bring clean energy to the local Recife community and to the 2014 FIFA World Cup," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Thanks to its prominent location next to the stadium this 1 MW project will raise the profile of solar energy considerably during the FIFA World Cup, helping to bring our message of affordable green energy to the people of Brazil and football fans worldwide."

"Sustainability is a part of Neoenergia Group's mission, and our investments in five solar power plants in Brazil reflect that commitment to sustainable development. We are proud that our contributions have helped Brazil to achieve one of the cleanest energy matrixes in the world," said Mrs. Solange Ribeiro, President of Grupo Neoenergia.

"This landmark project has strengthened our relationship with Grupo Neoenergia, a pioneer in Brazil's growing solar energy market," commented Mr. Robert Petrina, Managing Director of Yingli Green Energy Americas. "We hope that by completing high-profile projects like Arena Pernambuco, we can continue driving demand for solar energy across Latin America."

BAODING, China, March 17, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the world's largest vertically integrated photovoltaic ("PV") manufacturer, known as "Yingli Solar", today announced that the Company has supplied 10 megawatts of multicrystalline PV modules to Solarcentury Holdings Ltd. ("Solarcentury"), a leading solar company in the UK.

In terms of the agreement between Yingli and Solarcentury, the Company is the sole supplier and has completed the delivery of approximately 40,000 PV modules at the end of February. These modules will be installed on the Isle of Sheppey which is located approximately 85 kilometers east of London, UK. The project will produce approximately 10,000 MWh of electricity per year, enough electricity to supply around 3,000 typical homes. The plant is being acquired by the Bluefield Solar Income Fund (BSIF), the first UK solar focused fund listed on the London Stock Exchange. BSIF has acquired GBP140 million of large scale solar assets in the UK since July 2013 and is advised by Bluefield Partners LLP.

"Solarcentury looks back on a strong partnership built on trust with Yingli Green Energy for more than five years with the intention to deepen the collaboration moving forward. We are delighted to continue this trusted partnership within the scope of this exciting project," said Mr. Matthew Boulton, COO of Solarcentury.

"As a strategic partner in the UK, we look forward to continuing our cooperation with Solarcentury, a company that has been around since the early days of the solar industry," said Mr. Ramin Dilmaghanian, Business Development Director UK, Yingli Green Energy.

"With roughly 2.5 GW of solar capacity in place in the UK, the country is set to become the largest solar market in Europe. We believe that solar can make a meaningful contribution to the countrys target of 15% renewable generation by 2020 and beyond," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

Fourth Quarter 2013 Financial Results

• Revenue increased 29.0% to $92.0 million from $71.3 million in the fourth quarter of 2012.
• Adjusted net income attributable to Yongye, which excludes non-cash expenses related to share-based compensation for management and independent directors, the amortization of the acquired Hebei customer list, a change in the fair value of derivative liabilities, and goodwill impairment charge was $15.3 million, or $0.25 per diluted share, compared to $20.4 million, or$0.34 per diluted share, in the same period of 2012.*

Mr. Zishen Wu, Chairman and Chief Executive Officer of Yongye International, stated, "We are pleased with our overall performance in 2013. Our growth was in line with expectations, our branded retailer network exceeded the target of 36,000 and we also achieved positive cash flow from operations for the full year. We saw strong demand for Shengmingsu and two of our new products and we remain focused on our efforts to collect outstanding accounts receivable. As of March 12, 2014, we had collected a vast majority of the overdue accounts receivable at December 31, 2013."

Mr. Wu continued, "The underlying fundamentals of our business remain strong and the Board and management team will work closely together to explore all appropriate opportunities to maximize value for our shareholders. Looking to 2014, we will focus on executing several specific initiatives as a part of our plan to further grow our business, including diversifying our product offering by launching a new water soluble humic acid product, primarily used during irrigation. Although this product has lower margins compared to our existing products, our push into this new business segment is expected to both help us maintain the loyalty of our distributors while strengthening our market presence. In the coming year, we also intend to further expand our manufacturing capacity. Lastly, with increasing influence of our provincial-level distributors, we are actively pursuing opportunities to streamline our current distribution structure to support our efforts to improve prompt collection of accounts receivable. We believe these varied initiatives will enable us to continue to diversify the business and drive business growth and positive performance in 2014 and beyond."

Business Outlook

According to the Company's revenue recognition policy, certain distributors' revenue is being recognized on a cash basis rather than a shipment basis. As a result, the Company is not in a position to predict with specificity what its revenue will be until cash collection is completed. As such, to provide further clarity for investors, Yongye will continue to provide expectations on shipments, a metric that is not impacted by the revenue recognition issue mentioned above.

The Company expects total shipments in 2014 to be in the range of $800 million to $850 million, representing a growth of 20.8% to 28.4% over 2013. The growth will be from increase of both our existing and new businesses. The Company also expects that its branded retailer network will be expanded to 36,500 by the end of 2014, which represents a 1.1% increase over the 2013 year-end number of 36,100.

BAODING, China, March 10, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar", today announced its largest supply agreement to date inIsrael and the Middle East, under which the Company will deliver 27.5 MW of multicrystalline PV modules between February and April of 2014.

The Company will supply its YGE 72 Cell NH Series modules to a solar power plant that will occupy more than one million square meters of land in Israel. Designated a National Infrastructure Project by the Israeli Government, the solar farm has been granted the conditional feed-in tariff approval from the Israeli Public Utilities Authority.

"We are pleased to achieve our largest supply agreement to date in Israel," said Mr. Manuel Seiffe, New Market Development Director of Yingli Green Energy International AG. "We look forward to embracing future opportunities to utilize the Middle East's abundant solar resources in close cooperation with leading solar companies in the region."

"This supply agreement builds upon our long-standing relationship with Ledico Ltd., our local distribution partner in Israel, and it also extends our presence and visibility throughout the region. We view Israel as an important and sustainable growth market with the potential to reach more than 340 MW of installed solar PV capacity in 2014. We are excited to continue supporting the region's successful implementation of solar PV through this major supply agreement," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

BAODING, China, March 4, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the world's largest vertically integrated photovoltaic ("PV") manufacturer, known as "Yingli Solar", today announced its preliminary estimates of certain financial results for the quarter and full year ended December 31, 2013.

Based upon preliminary data, the Company now estimates its PV module shipment in the fourth quarter of 2013 increased by 11% to 12% from the third quarter of 2013, which is better than its previous guidance of a mid-to-high single digit percent increase. The Company also reiterates its PV modules shipment guidance of 3.2GW to 3.3GW for fiscal year 2013.

Additionally, the Company estimates its overall gross margin in the fourth quarter of 2013 to be in the range of 12% to 13%, compared with its previous guidance of 14% to 16%, primarily due to the year-end tax adjustment as a result of the implementation of the revised VAT exemption, offset, and refund policy, together with the disposal of low efficiency PV cell inventory. Excluding the year-end tax adjustment and disposal of PV cell inventory, gross margin for sale of PV modules is expected to be in the range of 14% to 15% in the fourth quarter of 2013.

BAODING, China, February 25, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar", today announced that it will supply 54 MW of solar modules to seven projects in the United Kingdom ("U.K.") that are developed by Grid Essence UK Ltd., a wholly-owned subsidiary of Grid Essence Holdings Ltd.

The Company's multicrystalline YGE Series modules will be installed in ground-mounted solar projects located in the south of England and Wales. Construction has already begun, and modules will be delivered between February and March 2014. Scheduled for grid connection by the end of Q1 2014, the seven solar power plants will generate an estimated total of 54,500 MWh of green electricity per year.

The fully permitted projects are also eligible to receive Renewable Obligation Certificates (ROCs) issued by the United Kingdom Department for Energy and Climate Change (DECC). ROCs, which can be traded or sold, can be used by U.K. electricity suppliers to meet regulatory requirements to generate electricity from renewable resources.

"We are honored to cooperate with Yingli Green Energy on these projects, which are critical for us to achieve our renewable energy target within the next five years. By leveraging our track record of success in solar project development and combined with Yingli Solar's great brand reputation, we are confident that this cooperation will bring us a sustainable growth." commented Mr. Steve Bourbonnais, the Co-Founder & Chief Executive Officer of Grid Essence.

"We are pleased to partner with Grid Essence on these projects while at the same time making a positive contribution to the burgeoning solar industry in the U.K. In doing so, we will continue maintaining our leading position in this important market," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

BAODING, China, January 30, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar," today announced that its joint venture ("JV"), Hainan Solar Power Co., Ltd. ("HNSP") has developed more than 100 MW of solar projects in Hainan Province, China since its establishment in 2009. Yingli Solar is the exclusive module supplier for all of HNSP's solar projects.

HNSP was formed by Yingli Energy (China) Company Limited, a wholly-owned subsidiary of Yingli Green Energy, and two state-owned companies, Hainan Development Holdings Co., Ltd., and Hainan Provincial Water Conservancy & Hydropower Group Co., Ltd., to develop solar, wind, and hydropower projects in the island province of Hainan. Today, HNSP is the largest solar project developer in Hainan. After several rounds of capital increases, Yingli Solar now holds a 27.7% stake in HNSP.

HNSP owns all of these solar projects, which were developed with a total investment of approximately RMB 1.4 billion (USD 231.5 million). The installations include utility-scale power plants, residential and commercial rooftop systems, agricultural PV applications, building-integrated PV projects, and off-grid applications. Two thirds of these solar projects are connected to the utility grid. In addition to serving as HNSP's exclusive module supplier, Yingli Solar also provided EPC services for some of the projects.

Hainan province is in a unique position to develop solar power in light of its long hours of sunshine and strong solar radiation. Through these completed projects, it turns out that Yingli Solar has greatly improved the utilization of solar energy resources in Hainan province by superior products, making a positive contribution for Hainan province to developing a low-carbon economy, approaching a green growth, and building an international tourist island.

Mr. Xu Xiangcheng, General Manager of HNSP, said, "HNSP has been committed to becoming an excellent clean energy supplier to undertake social responsibility and provide green power for the society. We are deeply grateful to all parties involved for helping us make remarkable accomplishment in developing solar power projects, and especially to Yingli Solar, whose high quality modules and rich downstream experience were critical factors to our success. With the joint efforts of all parties, we believe HNSP will develop more aggressively and faster in solar project business."

"First of all, I would like to congratulate HNSP on its outstanding achievements in the development of solar projects in Hainan," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "China is looking to PV as a key strategy for tackling its great energy demand, strengthening environmental protection and deepening ecological civilization, which means that China's solar market is brimming with great potential. Over the years, the Yingli Solar accumulated experiences through joining with state-owned enterprises to develop PV projects and found a new approach to promote downstream business across China. We believe that this diversified cooperation with state-owned enterprises will assure long-term development of our downstream business across China."

BAODING, China, January 27, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar," today announced that its wholly-owned subsidiary, Yingli Green Energy Singapore Company Pte. Limited ("Yingli Singapore") will supply 2 MW of solar modules to Maqo Technologies (M) Sdn Bhd. ("Maqo Solar"), one of Malaysia's fastest-growing residential solar energy providers. The Company's multicrystalline YGE Series solar modules, which will be delivered throughout 2014, will generate enough electricity for approximately 500 typical Malaysian homes.

Today's new supply agreement further expands the Company's significant presence in Malaysia, where the Company has 11.3 MW of solar modules installed during 2013. In total, these installations could generate approximately 11,570 MWh of electricity per year, which is enough to power roughly 2,820 typical Malaysian homes.

"We are delighted to continue working with Yingli Green Energy and to maintain our strong partnership that's been in place since 2011. We are firmly committed to developing and providing green energy solutions to Malaysia, and believe that Yingli Green Energy is undoubtedly our best solar module provider. We selected Yingli Green Energy because their track record for product quality is validated by independent testing and assessments - and that gave us strong assurance in Yingli Solar modules' long-term reliability," said Colen Lau, General Manager of Maqo Solar.

"We are pleased to announce today's supply agreement with Maqo Solar, which marks the expansion of our exemplary, committed partnership," commented Angie Koh, Business Development Director of Yingli Singapore. "We value Maqo Solar as a key strategic partner in Southeast Asia, and anticipate that our relationship will spur the development of green energy solutions across Malaysia."

BAODING, China, January 21, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar", today announced that its wholly-owned subsidiary, Yingli Energy (China) Company Limited ("Yingli China"), has obtained the Certificate for Contracting Foreign Engineering Projects from governmental authority of People's Republic of China.

The certificate formally authorizes Yingli China to enter into contracts for large-scale PV engineering projects overseas. It also permits Yingli China to dispatch workers internationally in order to fulfill such contracts.

"This certificate lays a foundation for us to pursue engineering contracts for PV plants in international markets," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We look forward to bringing our experience in PV engineering to the global market, where our strong brand awareness, high quality solar products, and technical expertise will help drive the industry's downstream growth sustainably."

BAODING, China, January 14, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar", today announced that its wholly-owned subsidiary, Yingli Green Energy Japan Corporation Ltd. ("Yingli Japan") has entered into a distribution agreement with XSOL Co., Ltd.("XSOL"), a leading Japanese solar energy company and full-service PV system provider.

Under the terms of the agreement, XSOL will sell and promote YGE 60 Cell Series modules since the middle of January 2014 in Japanese market. Yingli Green Energy was the first solar module manufacturer to obtain TUV Rheinland's JIS Q 8901certificate, which certifies that Yingli modules meet the strict reliability requirements of Japanese consumers. YGE Series modules are also certified by TUV Rheinland to withstand challenging environmental conditions such as salt mist and ammonia.XSOL sold over 137 MW of PV modules and systems in Japan through its over one thousand sales dealers/installers in the past fiscal year 2012/13 (ended May 31, 2013).

"XSOL has made a breakthrough in the Japanese PV market, which has expanded significantly in recent years. Our partnership with Yingli Solar is a pillar of our solar module strategy, and we believe it will be an important driver of our company's growth, as well as the growth of the Japanese market. Furthermore, the sale and promotion of high-performing Yingli Solar modules will help both XSOL and Yingli strengthen their brands' reputations for industry-leading quality among Japanese consumers," said Mr. Takumi Kashiwa, Chief Executive Officer of XSOL Co., Ltd.

"We are very pleased to partner with XSOL, which has successfully expanded from Japan's residential sector into the commercial market," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Our extensive experience as the world's largest module supplier makes us a strong partner for XSOL; additionally, this agreement will help Yingli meet its strategic three-to-five year sales goals for Japan. By synthesizing our companies' advantages and experience in the global PV market, we firmly believe that both parties will benefit from this cooperation."

BAODING, China, January 7, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar", today announced that its wholly-owned subsidiary, Yingli Energy (China) Company Limited ("Yingli China"), has entered into an investment agreement for the establishment of a joint venture ("JV") with China Rich Energy Corporation Limited ("China Rich Energy"), a wholly-owned subsidiary of China National Nuclear Corporation ("CNNC"), to develop and construct distributed generation solar projects across China. As distributed generation systems, these projects will be located in close proximity to end-users of the electricity to be generated by such projects.

Yingli China and China Rich Energy signed a framework agreement several months ago to outline their long-term, strategic cooperative relationship. The framework agreement contemplates establishment of the JV which will develop 500 MW distributed generation solar projects across China, 200 MW of which will be installed on sites to be provided by CNNC or its subsidiaries. Signing of the investment agreement indicates that the cooperation between Yingli Solar and China Rich Energy enters into the implementation stage.

"While CNNC remains committed to nuclear power development, we are increasing our activities in the renewable energy space, in order to expand our development space. The cooperation with Yingli Solar reflects our strategy and is in line with the strategic targets of the Chinese government to promote ecological civilization and sustainable development. We believe we will make a powerful combination and mutually beneficial cooperation by leveraging advantages of both companies," commented Mr. Hongchao Xu, Chairman of the JV and Deputy General Manager of China Rich Energy.

"We are delighted to establish the joint venture with CNNC," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "In light of policies recently adopted by the Chinese government, we expect distributed generation solar projects will embrace rapid growth in China in the near term. Yingli Solar not only has made remarkable achievements in the development of large-scale PV power plants, but will also actively engage in the development of distributed generation PV applications in line with the Chinese government's policies."

BAODING, China, January 6, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar", today announced that the Company has supplied 1 MW of multicrystalline PV modules to Serbia's 2^nd largest solar project.

The 1 MW project is located in the municipality of Kladovo, 250 kilometers east of Belgrade, the Serbian capital, and is the largest ground-mounted solar PV installation in Serbia funded by a domestic investor. Yingli Green Energy's key partners in the project included: Solaris Energy d.o.o., the investor; Enertec d.o.o., the project developer; and Energize d.o.o., the Company's local representative. The installation was designed and funded in record time thanks to effective collaboration among all parties involved.

"We are delighted to work with Yingli Green Energy on this flagship project, which is evidence of the Balkan's steady progression towards sustainable green energy. Yingli was the obvious manufacturer of choice for us, given their reputed PV brand and track record of success, especially in large-scale PV installations," said Milos Kostic, Managing Director of Solaris Energy Ltd.

"We are witnessing sustainable growth in the Balkans, particularly for commercial and industrial PV projects. Serbia plans to move forward with making solar PV a pillar of the country's energy mix. Driven by technology and continuous improvements in efficiency, we anticipate seeing more clean and green energy produced in this region," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

BAODING, China, January 2, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar", today announced that its wholly-owned subsidiary, Yingli Energy (China) Company Limited ("Yingli China"), has entered an agreement ("Agreement") to establish a joint venture ("Joint Venture") with Shuozhou Coal Power Co., Ltd.("Shuozhou Coal Power"), a wholly-owned subsidiary of Datong Coal Mine Group Co., Ltd. ("Datong Coal Mine Group"), which is China's third largest state-owned coal mining enterprise. The Joint Venture will develop and construct solar power plants in Shuozhou city, Shanxi province.

The Joint Venture is a sign of Yingli China and Datong Coal Mine Group's strong partnership. Previously, the two companies cooperated on a 20 MW utility-scale project located in Shanxi Province's Tashan circular economic park, in which Yingli China served as both module supplier and EPC.

"We are very pleased to deepen our strategic partnership with Yingli Green Energy, a worldwide PV industry leader. Our Joint Venture echoes the national target for the building of a beautiful China and will help to meet our national targets for clean electricity generation. Additionally, the Joint Venture is in line with the strategy of Datong Coal Mine Group's sustainable development," commented Mr. Chengsheng Li, the Chairman of the Joint Venture and Shuozhou Coal Power.

"We are delighted to enhance the cooperation with Datong Coal Mine Group through our new Joint Venture," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "This partnership provides Yingli Solar with a strategic avenue to expand our domestic downstream business. By leveraging advantages of both companies, we will be able to accelerate the project development and bring significant benefits to all parties involved."

BAODING, China, December 17, 2013 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar", today provided a statement with regards to the European Union's recent announcements to impose definitive anti-dumping and anti-subsidy duties and to confirm the acceptance of the price undertakings effective from August 6^th, 2013.

On December 5^th, 2013, the EU published regulations imposing definitive anti-dumping and anti-subsidy duties. The EU Commission decision confirming the acceptance of the price undertakings entered into effect on Friday, December 6^th for a period of two years, ending on December 6^th, 2015. The duties are imposed without retroactive effect but the provisional anti-dumping duties of 11.8% (starting from June 6^th, 2013 to August 5^th, 2013) will be collected.

"As the Company has participated in the price undertakings and fully complies with its regulations, Yingli Solar modules will be exempt from duties. We are confident in Europe's gradual transition to a sustainable market and expect solar PV to continue playing a material role in supporting the EU's policy targets," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

BAODING, China, Dec. 16, 2013 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar", today announced that its wholly-owned subsidiary, Yingli Energy (China) Company Limited ("Yingli China"), together with Sinohydro Corporation Limited and Hydrochina Corporation ("Hydrochina"), formed a three-party Consortium ("Consortium") to win 233 megawatts of PV projects in Algeria. The projects will be developed by Shariket el Kahraba wa el Taket el Moutadiadida (SKTM), a wholly-owned subsidiary of Sonelgaz (National Society for Electricity and Gas), which is in charge of electricity and natural gas distribution in Algeria.

Sinohydro Corporation Limited is a subsidiary of Sinohydro Group Ltd, a global enterprise headquartered in China that runs diversified businesses from water conservancy and hydropower construction to project financing, design, implementation and operation. Hydrochina is the only large enterprise to provide comprehensive technical services in hydropower, water resources, and wind power development in China.

In October 2013, Yingli China formed the three-party Consortium to participate in the bidding of SKTM's Algerian PV projects, which consist of four separate installations, totaling 318 MWs. The Consortium received the winning bid notice this month for 233 MW in total. The Consortium will take responsibility for the design and construction of the projects. Project construction will begin in January, 2014, and is expected to be completed within 8 months.

"Given its competitive strength and reliable solution among other competitors, the Consortium won the largest portion of our whole program. Those projects will help us to relieve the pressure of power supply in Algeria to some extent after being put into operation. We are looking forward to further strengthening the cooperation with Yingli in the future," commented by Mr. Chahar Boulakhras, Chairman of SKTM.

"We are very pleased to win these projects, and thank our Consortium partners for all their great efforts," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "The cooperation with Sinohydro and Hydrochina marks a new approach to PV project development in China, and we're excited to be at the forefront of this initiative. We look forward to working together with even more partners to discover new business development methods."

BAODING, China, November 25, 2013 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar", today announced that the Company will supply 15.194 MW of multicrystalline PV modules to Solarcentury Holdings Ltd. ("Solarcentury"), a leading solar company in the UK.

In terms of the agreement between Yingli Green Energy and Solarcentury, the Company is the sole supplier and will complete the delivery of the PV modules by the end of January 2014. These modules will be installed in the Hill Farm Project located 15 km south of Oxford, UK. This is Solarcentury's largest project to date and Solarcentury developed the site with support from the Savills Energy team. It will use approximately 60,000 Yingli Green Energy's modules installed in an area covering about 74 acres. The project will produce approximately 14,500 MWh of electricity per year, enough electricity to supply around 4,500 typical homes.

"Solarcentury has had a strong partnership with Yingli Green Energy since 2009 and we have a great deal of trust in the quality of their modules and the reliability of their supply. We are really delighted that the Hill Farm Project continues this co-operation," said Mr. Matthew Boulton, COO of Solarcentury.

"We are very pleased to further strengthen our collaboration with Solarcentury, a long-term partner for us in the UK," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Through cooperation with leading companies such as Solarcentury, we will continue to expand our footprint in this sustainable market and fulfill our commitments to partners and customers by leveraging our excellent brand reputation, superior product quality and convenient after-sales service."

BAODING, China, November 15, 2013 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar", today announced that it has shipped more than 1MW of PV modules to Kingdom of Jordan ("Jordan") accumulatively, which marks a milestone of Yingli Green Energy in the Middle East market development and represents a market share of approximately 20% of Jordan in 2013.

The majority of energy supply in Jordan was from importation for a long time. Therefore, the Jordan government issued Updated Master Strategy of Energy Sector for the period (2007-2020) in 2007, which aims to increase the country's solar generation capacity to 600MW by 2020. In addition, the renewable energy law in 2012 allows investors to develop grid connected electricity production through the new energies including solar.

"We are delighted to develop strong partnerships with Jordan's leading solar energy companies and have shipped more than 1MW of PV modules to this new market in a short period, although we established our Jordanian operations less than one year," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "The Middle East has a huge potential for solar adoption because of its abundant sunlight resource, and we are aiming to achieve more development opportunities in this region through our advanced technology, high quality products, strong brand recognition and professional experience in manufacturing and marketing."

Third Quarter 2013 Financial Results

• Total net revenues were RMB 3,649.4 million (US$596.3 million) in the third quarter of 2013, an increase of 8.0% fromRMB 3,378.3 million in the second quarter of 2013 and up from RMB 2,237.0 million in the third quarter of 2012.
• Non-GAAP loss per ordinary share and per ADS was RMB 1.45 (US$0.24) in the third quarter of 2013, compared to RMB 2.05 in the second quarter of 2013 and RMB 2.54 in the third quarter of 2012.

"We are delighted to see a continued rapid growth in demand from China, the United States, Japan and other emerging PV markets in the third quarter, driving our shipments to another historical high. Due to the stabilized average selling price of PV modules and the Company's unwavering focus on bringing costs down, our gross margin in the third quarter increased to 13.7% from 11.8% in the second quarter, exceeding our previous guidance of 11% to 13%," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

"While European markets continued to make adjustments under the new Undertaking Agreement with higher average selling prices combined with softer demand in the third quarter of 2013, shipments into China and the Americas accounted for more than half of our total shipments for the first time in our history. As project developers accelerated construction of utility scale projects in China due to the adjustment of feed-in tariff, sales to China accounted for 38% of our total shipments in the third quarter, compared to 28% in the previous quarter. Meanwhile, shipments to the U.S. market as a percentage exceeded that to the European market as grid parity became achievable in more states in the U.S. and there was also rapid growth in the distributed generation segment. Likewise, our shipments to Japan rose by 35% compared to previous quarter due to strong demand for high quality PV modules. Demand from other emerging markets also grew rapidly throughout all segments, both commercial and residential."

"Turn to the downstream business, we achieved a remarkable quarterly results with 368% sequentially increase in revenues from PV systems. In addition to the stabilized average selling price in this quarter, reduced manufacturing costs also contributed towards our overall profitability. As our cell efficiency roadmap shows, we are targeting to reach conversion efficiency rates of 19% and 23% for our multi and mono cells, respectively, on commercial production lines by the end of year 2020. This roadmap represents our commitment in reducing total manufacturing costs and demonstrates our confidence in achieving technological progress."

"Based on the current robust market demand and the strengthening of the geographic diversification of our products, we are confident to achieve our shipments guidance for the full year of 2013," Mr. Miao concluded.

BAODING, China, October 24, 2013 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the world's largest vertically integrated photovoltaic ("PV") manufacturer, known as "Yingli Solar", today announced that its wholly-owned subsidiary, Yingli Energy (China) Company Limited ("Yingli China"), will supply 59 MW of multicrystalline YGE Series PV modules to China Three Gorges New Energy Co., Ltd. ("CTGNE"), a wholly-owned subsidiary of China Three Gorges Corporation ("CTG").

The modules will be installed in three separate ground-mounted projects, which total 59 MW. All three utility-scale projects are being developed by CTGNE, and they will be located in Hebei Province, Gansu Province, and the Inner Mongolia Autonomous Region. Under the terms of the agreements, the Company will be the sole PV module supplier for these three projects, and delivery will be completed by the end of 2013.

"We are delighted to further enhance our partnership with CTGNE, to whom we have supplied over 100 MW of PV modules in the past. Our on-going collaboration with large scale project developers like CTGNE is indicative of our strong leadership position in China, which is based on our superior product quality, well-recognized brand, and convenient after-sales service," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "In addition, we have observed improved price and payment terms in recently signed agreements, which is evidence of China's domestic market growing more rational due to gradually balanced supply-demand."

"We selected Yingli Green Energy to supply this significant utility-scale project primarily because of their track record of success with projects of this scale, their high-quality products, and superior post-sale support. These factors are critical to the successful construction of large-scale projects, and working with established, powerful suppliers like Yingli minimizes risks in project development and operation," commented an anonymous project manager of CTGNE.

BAODING, China, Oct. 9, 2013 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the world's largest vertically integrated photovoltaic ("PV") manufacturer, today commented on Energy Conversion Devices Liquidation Trust's filing of an antitrust and unfair trade practice lawsuit in the U.S. District Court for the Eastern District of Michigan.

"We are still reviewing the filing, but at first glance these are baseless claims that seem similar to the Solyndra antitrust case. In both instances, the companies are bankrupt and appear to be blaming others for their own failed thin-film technology and flawed business models. We will continue to aggressively defend ourselves and expect that Yingli will prevail in both cases," said Robert Petrina, Managing Director, Yingli Green Energy Americas.

Second Quarter 2013 Financial Results

• Total net revenues were RMB 3,378.3 million (US$550.4 million).
• Overall gross profit was RMB 397.5 million (US$64.8 million), representing a gross margin of 11.8%. Gross margin for PV modules was 12.5%.
• Net loss was RMB 320.8 million (US$52.3 million) in the second quarter of 2013, compared to RMB 611.8 million in the first quarter of 2013 and RMB 573.0 million in the second quarter of 2012. Loss per ordinary share and per ADS was RMB 2.05 (US$0.33) in the second quarter of 2013, compared to RMB 3.91 in the first quarter of 2013 and RMB 3.66 in the second quarter of 2012.
• On an adjusted non-GAAP basis, net loss was RMB 321.5 million (US$52.4 million) in the second quarter of 2013, compared to RMB 607.1 million in the first quarter of 2013 and RMB 551.2 million in the second quarter of 2012. Adjusted non-GAAP loss per ordinary share and per ADS was RMB 2.05 (US$0.33) in the second quarter of 2013, compared to RMB 3.88 in the first quarter of 2013 and RMB 3.52 in the second quarter of 2012.

"We are pleased to announce another better than expected quarter in terms of market share and profitability, mainly driven by the continuous fundamental improvements of solar market conditions, our well-recognized brand, diversified customer base and unceasing technological innovations," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

"Our total shipments in the second quarter increased by 23.6% compared to the previous quarter. The growth was primarily attributable to the robust demand from China and the U.S. associated with the traditional peak seasons and the accelerated construction of utility scale projects. In addition to China and the U.S., our revenues fromEurope tracked better than expected as a result of pull-in demand despite the regulatory uncertainties. Combined with the continuously increasing selling prices and constant reduction of manufacturing cost, we managed to increase our gross margin to 11.8% from 4.1% in the first quarter. "

"Supported by a series of favorable policies issued recently, the China market is developing towards a more sound and steady direction of PV applications. We will take full advantage of our current leadership in China to extend our business downstream. The demand in the U.S. remains strong across all segments and geographies since earlier this year, and we expect to double our sales to the utility segment in 2013 while continuing to solidify our position as a leading PV module supplier to the distributed generation segment. Looking forward to the second half of 2013,China, the U.S., Japan and other emerging markets will play an increasingly important role in driving our shipment growth as demands for our products increase in those markets. Based on current customer demand and anticipated market conditions, we are confident to accomplish our module shipments guidance of 3.2-3.3GW for the full year 2013."

"In addition to expanding our market share, we have continued strengthening our R&D efforts to support continuous technological advancement and cost reduction, which we believe will help us further enhance our leading position in the long run," Mr. Miao concluded.

Business Outlook for Full Year 2013

Based on current market and operating conditions, estimated production capacity and forecasted customer demand, the Company reiterates its PV module shipment target to be in the estimated range of 3.2 GW to 3.3 GW for fiscal year 2013, which represents an increase of 39.4% to 43.7% compared to fiscal year 2012

BAODING, China and SAN FRANCISCO, Aug. 27, 2013 /PRNewswire/ -- 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 manufacturers, which markets its products under the brand "Yingli Solar," announced today that its wholly-owned subsidiary, Yingli Green Energy Americas ("Yingli Americas"), has achieved the historic milestone of more than 1 GW of PV modules delivered to over 30,000 projects across the American continents and the Caribbean.

"As one of the only PV module suppliers with a footprint of this magnitude in the region, we are deeply appreciative to our customers for their support. And we could not have reached this milestone without our team, who consistently raise the standard for customer service and dedication to delivering quality products," commented Mr. Robert Petrina, Managing Director of Yingli Americas.

Yingli Americas' projects span the residential, commercial, and utility markets, and include more than 28,000 homes; 3,000 institutions and businesses; and 50 utility-scale projects. According to the California Solar Initiative, 1 GW of installed PV facilities would meet the energy needs of over 200,000 average American households.

Many iconic institutions in the Americas use Yingli Green Energy's PV modules, including Harvard University, Kaiser Permanente hospitals, the New York Jets team headquarters, and Rio de Janeiro's Maracana Stadium.

"Solar energy has grown in importance as an investment opportunity throughout the Americas. As the world's largest PV modules manufacturer, we are pleased to contribute to and propel the expansion of this vital clean energy source in the region and around the world," commented Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy.

BAODING, China and SYDNEY, Aug. 8, 2013 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the world's largest photovoltaic ("PV") manufacturer, which markets its products under the brand "Yingli Solar", today announced that its wholly-owned subsidiary, Yingli Green Energy Australia Pty Ltd. ("Yingli Australia") has entered into a sales framework agreement ("Agreement") with L&H Solar + Solutions, a subsidiary of L&H Group, the largest electrical wholesaler in Australia and New Zealand.

According to the Agreement, L&H Solar + Solutions will distribute Yingli Green Energy's flagship monocrystalline PV modules, PANDA Series, and the high-performing multicrystalline PV modules, YGE Series, through its network of more than 200 electrical wholesale outlets, as well as to over 30,000 electrical contractors and solar partners across Australia and New Zealand. Both the PANDA and YGE Series modules offer superior performance efficiency, helping residential and commercial owners achieve high energy outputs and a greater return on investment.

"This Agreement creates a powerful new alliance in Australia and New Zealand's solar energy market, leveraging Yingli Green Energy's strength as the world's largest PV module manufacturer and L&H Group's industry knowledge and expansive customer base in the electrical market," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Australia has established a strong reputation of being at the forefront of adopting solar photovoltaic technologies in the Asia Pacific region. In order to provide the most efficient and convenient service to our customers, recently we have opened a new office in Sydney. By cooperating with partners like L&H Solar + Solutions and the efforts of our highly professional local sales team, we are paving the way for further expansion in Australia and New Zealand."

"As part of the largest electrical distribution group globally, we are excited about partnering with Yingli Green Energy. Already an integral global partner, the addition of Yingli Green Energy to our offer in Australia and New Zealand will further extend our great value to our customers and make our offer second to none," said Mr. Claude Picinali, General Manager of L&H Solar + Solutions.

"We are proud to be working with L&H Solar + Solutions, a company with a history that extends as far back as the days when electricity was first deployed in Australia. Our Agreement will substantially increase Yingli Green Energy's market penetration," said Mr. Daman Cole, Commercial Director of Yingli Australia. "This partnership was a logical step as we see enormous synergy between our brands. We are both focused on improving quality standards across the solar industry, as well as increasing electricity yields and ROI for our customers."

BAODING, China, August 8, 2013 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the world's largest vertically integrated photovoltaic ("PV") manufacturer which markets its products under the brand "Yingli Solar," today announced its preliminary financial results for the quarter ended June 30, 2013.

Based upon preliminary data, the Company expects its PV module shipment in the second quarter of 2013 to increase by 23% to 24% from the first quarter of 2013, significantly better than its previous guidance of a low-to-mid teen percent increase. The Company estimates its overall gross margin in the second quarter of 2013 to be in the range of 11% to 12%, which is better than its previous guidance of 9% to 11%.

BAODING, China and SINGAPORE, July 2, 2013 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading solar energy company and the world's largest photovoltaic ("PV") manufacturer, which markets its products under the brand "Yingli Solar," today announced that its wholly-owned subsidiary, Yingli Green Energy Singapore Company Pte. Limited ("Yingli Singapore") has signed a framework agreement with RE FIT Solution Sdn. Bhd. ("RE FIT") to supply 500 KW of multicrystalline PV modules for the residential market in Malaysia. These modules will power at least 125 families, which currently accounts for nearly 10% of the residential market in Malaysia.

"We are pleased to cooperate with RE FIT and to bring clean power to Malaysian families with our high-performance PV modules. Today's announcement follows on the heels of our supply contract for the largest single site PV power plant in Malaysia," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "In light of Yingli Green Energy's reliable quality and convenient after-sale service, we believe that we will further expand our market share in the residential and utility segments of Malaysia, as well as other countries in Southeast Asia with huge potential for PV applications."

"We are pleased to be working with the world's largest PV supplier and to have signed a significant framework agreement. This not only represents RE FIT's confidence in the quality of Yingli Green Energy's modules, but also RE FIT's belief in the emerging solar industry in Malaysia," commented Mr Wong Sheng Foo, Project and Operations Manager of RE FIT. "We hope that RE FIT and Yingli Green Energy will have a long-standing collaboration as leading solar players in Malaysia."

BAODING, China, June 7, 2013 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the world's largest vertically integrated photovoltaic ("PV") manufacturer, which markets its products under the brand "Yingli Solar," today announced that the Company's PV modules have passed the Blowing Sand Test ("the Test") conducted in SGS's Solar Test House, demonstrating that the Company's PV modules can keep an outstanding performance even in harsh conditions such as in the desert.

To determine the effects on solar panels of dust and sand in air, SGS's Solar Test House simulates the erosion effects of high-velocity sand particles within dust chambers. Pulses of compressed air are blown through a manifold located in the bottom of a collection trough, forcing dust up and over the solar modules. The Test contains maximum power determination, the insulation test, and the wet leakage current test.

"We're pleased to see our modules passed SGS's Blowing Sand Test," said Dr. Dengyuan Song, Chief Technology Officer of Yingli Green Energy. "This test result once again proved the high quality of our products attributable to our continuous optimization of our manufacturing technologies and unwavering commitment to high quality. We believe the test result will help further reinforce our customers' confidence in the "Yingli Solar" brand and our position as an industry leader."

Dr. Daniel Deng, Technical Manager for SGS said, "Endurance testing like blowing sand test is critical to understand the reliability and durability of PV modules in real world conditions. SGS follows an internally developed test procedure and can customize specifications like sand homogeneity, sand concentration, sand shape, and wind speed according to single selected deserts. Test result of Yingli's products has showed the lowest power degradation after long term blowing sand testing among all our customers of Si-crystal modules till now. We were extremely impressed with the quality and performance of Yingli's PV modules to withstand the blowing sand test that replicates the conditions of real world's desert sandstorm."

BAODING, China, June 5, 2013 /PRNewswire/ -- 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 manufacturers, which markets its products under the brand " Yingli Solar ," today commented on the imposition of preliminary anti-dumping duties by the European Commission targeting solar products originating in China as well as those shipped from China. As of June 6, Yingli Green Energy's products will be subject to a preliminary duty of 11.8% until August 5. From August 6 until the final ruling in December, the Company's duty will be set at the level of 37.3%, which is the lowest rate among all Chinese photovoltaic manufacturers, unless there is a negotiated solution between China and the European Commission.

Under the current European Commission decision, duties would have to be deposited not only on imports of solar products originating in China but also on imports of solar products originating in other countries but shipped from China. When the anti-dumping investigation was initiated, it was defined to target Chinese-origin solar products only.

"We notice with regret that the European Commission insists on imposing preliminary anti-dumping duties on Chinese solar products despite massive opposition from EU member states," said Mr. Liansheng Miao , Chairman and Chief Executive Officer of Yingli Green Energy. "Punitive tariffs � no matter at what level � will inevitably lead to higher prices for solar products causing at least the stagnation of the solar industry in Europe. We therefore encourage the prompt resumption of talks between China and the European Commission."

"Yingli Green Energy supports a market-based negotiated solution for this situation as proposed by several European leaders. A negotiated settlement will help to alleviate the current market uncertainty, ensuring European consumers' access to affordable green energy and at the same time sustaining local jobs," said Darren Thompson , Managing Director, Yingli Green Energy International AG.

First Quarter 2013 Financial Results

• Total net revenues were RMB 2,679.3 million (US$431.4 million).
• PV module shipment decreased by 6.4% from the fourth quarter of 2012.
• Overall gross profit was RMB 110.9 million (US$17.8 million), representing a gross margin of 4.1%. Gross margin for PV modules was 5.0%.
• Operating loss was RMB 324.7 million (US$52.3 million), representing an operating margin of negative 12.1%.
• Net loss[1] was RMB 611.8 million (US$98.5 million) and loss per ordinary share and per American depositary share ("ADS") was RMB 3.91 (US$0.63). On an adjusted non-GAAP[2] basis, net loss was RMB 607.1 million (US$97.7 million) and loss per ordinary share and per ADS was RMB 3.88 (US$0.62).

"Our strong shipment was primarily supported by the strong European and the U.S. markets and the rapid growth of demand in new markets such as Japan. Europe remained strong as a result of the pull-in demand in the first quarter and we continue to see firm demand in Europe in the second quarter. The first quarter of 2013 in the U.S. was our second best quarter ever in terms of shipment volumes and we are going to consolidate our position in all segments of the U.S. market. In this quarter, our shipment to Japanincreased significantly due to the vigorous demand before the subsidy adjustment in April. We expect that returns on investments will remain attractive, which will continuously drive demand in Japan."

"The first quarter has historically been slow in China due to seasonality. However, demand picks up quickly as the construction of utility-scale projects accelerates. In addition, we are also actively positioning ourselves for the upcoming opportunities in the distributed generation segment in China. Furthermore, we have achieved important milestones in other new markets and will put more efforts in diversifying our sales geographies. Based on current market conditions and forecasted customer demand, we are confident to accomplish our full year shipment guidance of 3.2 to 3.3 GW."

"In addition to expanding our market share and solidifying our market position, we stay committed to improving our profitability through strategically allocating more products to markets where prices are higher and tirelessly pursue further cost savings. At the same time, as our operating cash flow position is on track to gain improvement, we expect to continuously optimize our balance sheet," Mr. Miao concluded.

Business Outlook for Full Year 2013

Based on current market and operating conditions, estimated production capacity and forecasted customer demand, the Company reiterates its PV module shipment target to be in the estimated range of 3.2 GW to 3.3 GW for fiscal year 2013, which represents an increase of 39.4% to 43.7% compared to fiscal year 2012.

BAODING, China, May 29, 2013 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the world's largest photovoltaic ("PV") manufacturer, which markets its products under the brand "Yingli Solar ", today announced it has published its first Corporate Sustainability Report (the "Report").

The Report provides a comprehensive overview of the Company's efforts to integrate sustainable, socially responsible business practices into all aspects of Yingli Green Energy's operations, including the manufacturing processes, corporate culture, and community engagement programs.

Mr. Liansheng Miao , Chairman and Chief Executive Officer of Yingli Green Energy, explained the Report's significance for the Company, "We have always believed in operating and fostering sustainable practices, and we're proud to showcase this dedication with the release of our first sustainability report today. As the data shows, our clean energy products are not only helping to reduce the world's carbon footprint, but are also manufactured in a supportive environment where people come first. We hope this report is a first step to share our dedication to sustainability with stakeholders globally, and look forward to furthering our efforts in the future."

The Report outlines the Company's long-term sustainability vision and strategy, which includes the following aggressive environmental targets to be achieved by 2015:

• Reduce greenhouse gas (GHG) emissions intensity per MW of PV module produced by 13%
• Reduce GHG emissions intensity from upstream transportation by 10%
• Expand Yingli Green Energy's renewable energy consumption to at least 4% of total energy consumption

In addition, the Report provides a thorough analysis of Yingli Green Energy's dedication to corporate social responsibility ("CSR") through the disclosure of key environmental and social performance indicators, and through detailed descriptions of internal initiatives and external partnerships dedicated to CSR. Highlights include:

Manufacturing: Minimizing Yingli Green Energy Factories' Environmental Impact

• Solar energy projects at the Company's factories generated over 12,800 MWh of green energy in 2012, helping to reduce Yingli Green Energy's GHG emissions per MW of production by nearly 4% from 2011 to 2012
• By installing sophisticated water treatment and recycling technologies, Yingli Green Energy decreased water use at its Baoding headquarters by more than 5% from 2011 to 2012

Corporate Culture: Helping Employees Succeed

• The vast majority of Yingli Green Energy employees are extremely satisfied professionally, with annual company surveys indicating employee satisfaction rates of nearly 80% in 2011 and 2012
• Yingli Green Energy is dedicated to its employees' long-term success, and has promoted over 270 employees from within its ranks through dedicated professional development initiatives

Community Engagement: Supporting Disadvantaged Areas

• As U.S.-based non-profit solar installer GRID Alternatives' first and largest official module supplier, Yingli Green Energy has helped over 1,000 low-income homeowners go solar throughout the U.S.
• Yingli Green Energy has worked with FIFA� to bring solar energy to 10 disadvantaged communities across Africa through the FIFA Football for Hope� program

Yingli Solar Panels: Fighting Climate Change through Technology

• Yingli Solar panels operating worldwide have offset the release of more than 200,000 tons of CO₂ into the atmosphere to date
• Through multiple process innovations across Yingli Green Energy's product lines, the Company recently increased the efficiency of its multicrystalline solar cells by more than 3% while also reducing production costs

Mr. Jingfeng Xiong , Vice President and Chief Climate Officer of Yingli Green Energy, commented, "We believe that this publication will only help us engage more constructively with key stakeholders on CSR topics moving forward. We hope our sustainability report serves as a foundation for a broader conversation with our customers, suppliers, and influencers in the solar value chain as we strive to achieve greater levels of transparency around sustainability."

BAODING, China and SINGAPORE, May 24, 2013 /PRNewswire/ -- 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 ", announced today that its wholly-owned subsidiary, Yingli Green Energy Singapore Company Pte. Limited ("Yingli Singapore") will supply 10.269 MW of multicrystalline PV modules to Amcorp Power Sdn. Bhd. ("Amcorp Power"), which is a subsidiary of Amcorp Group Berhad, an investment holding company based in Malaysia.

Located at Gemas, Negri Sembilan, the 10.269 MW PV project (the "Project") is owned and managed by Amcorp Power. The Project is the largest single site PV power plant in Malaysia.

Spanning an area of approximately 34 acres, the Project will utilize around 41,076 pieces of YGE 60 Cell Series multicrystalline module with peak power of 250 watt. It is estimated that the 10.269 MW PV power plant will be able to generate approximately 13.6 million kWh of clean electricity per annum.

"We're delighted to make this breakthrough in Southeast Asia," said Mr. Liansheng Miao , Chairman and Chief Executive Officer of Yingli Green Energy. "Southeast Asia is a very promising PV market given its rich solar radiation, serious lack of electricity and governments' strong interest in renewable energy applications. By leveraging our regional headquarters in Singapore and overwhelming brand influence, we look forward to serving our customers with high quality products and expanding our exposure to this region."

BAODING, China, May 21, 2013 /PRNewswire/ -- 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 its preliminary financial results for the quarter ended March 31, 2013.

Based upon preliminary data, the Company expects its PV module shipment in the first quarter of 2013 to decrease by 6% to 7% from the fourth quarter of 2012, better than its previous guidance of a low-to-mid teen percent decrease from the fourth quarter of 2012. The Company expects its overall gross margin in the first quarter of 2013 to be in the range of 4.0% to 4.2%, which is in line with its previous guidance of low-to-mid single digit percent.

BAODING, China, May 9, 2013 /PRNewswire/ -- 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 its wholly-owned subsidiary, Yingli Energy (China) Company Limited ("Yingli China"), has succeeded in bidding for supplying 220 MW multicrystalline PV modules for China Power Investment Corporation ("CPI") before the end of 2013. These modules are expected to be used for five PV power plants developed by CPI in Hebei Province and Qinghai Province in China.

"We're very pleased to enhance our cooperation with CPI following the delivery of 110 MW modules to its subsidiary Huanghe Hydropower in 2011," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "The enhanced cooperation fully illustrates our partner's recognition of our brand, product quality and services. By leveraging our increasingly broad domestic sales and service networks, we look forward to further solidifying our leadership position and expanding our market share in China."

BAODING, China, April 23, 2013 /PRNewswire/ -- 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 its wholly-owned subsidiary, Yingli Energy (China) Company Limited ("Yingli China"), signs two loan agreements (the "Agreements") with China Development Bank ("CDB") with an aggregate of US$ 165 million.

Under the terms of the Agreements, CDB will provide Yingli China with a one-year loan of US$110 million and a three-year loan of US$55 million to complement its working capital needs and support the procurement of raw material.

"We're pleased to enhance our cooperation with CDB." said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "With the new financing in place, we're confident to continue to solidify and reinforce our leading position globally. At the same time, as our operating cash flow position is on track to gain improvement, we expect to continuously optimize our balance sheet. "

BAODING, China, October 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 commented on the final countervailing duty ("CVD") and anti-dumping ("AD") rulings by the Department of Commerce regarding the import of Chinese PV cells and modules to the United States.

According to the decision, solar modules produced in China containing solar cells originating from a third country are not subject to CVD and AD tariffs.

Should Yingli Green Energy export modules or cells produced entirely in China to the U.S. they would be part of the separate rates group, and would be subject to an anti-dumping tariff of 15.42% (after the required reduction in the rate to avoid double counting of anti-subsidy tariffs), and an anti-subsidy tariff of 15.24%. These rates are lower than what was proposed in the preliminary decision.

"Throughout this entire proceeding we have defended ourselves and the U.S. solar industry and we are grateful to our loyal customers, suppliers, partners and their employees who have united in our defense," said Robert Petrina, Managing Director of Yingli Green Energy Americas. "We are looking forward to getting back to our daily business, focusing on innovation and outstanding customer support."

Today's decision by the Department of Commerce will be followed by a final decision on the International Trade Commission's investigation by the end of November 2012.

"The potential of the U.S. solar market is vast, and we remain dedicated despite the industry's challenges throughout this past year," said Mr. Liangsheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We will always be appreciative to the overwhelming majority of the American solar industry who stood behind us and the other respondents."

BAODING, China, September 26, 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", strongly rejects accusations contained in an anti-subsidy complaint filed by EuProsun, an initiative of European solar companies led by SolarWorld, which was submitted at the European Commission yesterday.

"As a publicly-traded company listed on the New York Stock Exchange, we have been fully transparent with our funding sources and cost. We receive financing at the usual market rates and act according to international accounting standards and norms. Between 2009 and 2011, the weighted average interest rates for all of our borrowings ranged from 6.3% to 7.1%. Furthermore, we do not and have never received any illegal subsidies from the government. Our success is based on our focus on innovation, investment in state-of-the-art machinery and equipment and long-term partnerships built on trust," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

"Solar PV has demonstrated the potential to become a major source of clean energy generation - not only in Europe but worldwide. Punitive tariffs will inevitably lead to higher prices for solar products threatening thousands of jobs in the industry, in particular small and medium-sized companies and craftsmanship in Europe will be hit hard," said Darren Thompson, Managing Director, Yingli Green Energy Europe GmbH.

BAODING, China, September 6, 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" states that the anti-dumping complaint filed at the European Commission in July this year is unfounded. Today, the European Commission has announced the opening of an anti-dumping investigation into Chinese solar products.

"We will closely cooperate with the European Commission in order to prove that the conditions for the imposition of punitive tariffs are not fulfilled. Regardless of misleading claims, we remain focused on producing competitive, high-quality products based on our investments in research and development. As a NYSE-listed company with a worldwide presence, we constantly meet the highest standards of international trade practices. We are fully transparent with our funding sources and cost structure," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

"The solar industry is based on a global and complex value chain, and will be therefore substantially and negatively affected by trade protectionism. There would be no winners but rather immeasurable damage and regression from our fundamental goal of making solar a cost-effective energy source available to everyone. In addition, such actions would significantly delay the onset of a sustainable solar electricity market free of government support," said Darren Thompson, Managing Director, Yingli Green Energy Europe GmbH.

Open markets and increased competition have made solar energy in the EU affordable, contributing to a balanced European energy mix and the achievement of the ambitious EU 2020 climate change targets. Today, the price for solar energy is already competitive with more carbon-intensive energy sources in some areas in Europe. A misguided trade war could undermine years of solar industry progress, investment and innovation.

Second Quarter 2012 Results

• Total net revenues were RMB 3,103.5 million (US$488.5 million).
• PV module shipment increased by 13.7% from the first quarter of 2012.
• Gross profit was RMB 141.5 million (US$22.3 million), representing a gross margin of 4.6%.
• Operating loss was RMB 326.7 million (US$51.4 million), representing an operating margin of negative 10.5%.
• Net loss[1] was RMB 573.0 million (US$90.2 million) and loss per ordinary share and per American depositary share ("ADS") was RMB 3.66 (US$0.58). On an adjusted non-GAAP[2] basis, net loss was RMB 551.2 million (US$86.8 million) and loss per ordinary share and per ADS was RMB 3.52 (US$0.55) vs. earnings of $0.37 in prior year quarter.

"Despite the continued challenging market conditions in the second quarter, we managed to keep our growing momentum as we increased module shipment volumes by 13.7% over the previous quarter and achieved a gross margin of 4.6%," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

"We further expanded our market share in the second quarter, which was primarily attributable to our deep understanding of the market trend and effective implementation of our global sales strategies. Europe continued to be our largest market in the second quarter due to the pull-in demand before the feed-in-tariff adjustments in Germany. In the second quarter, the U.S. market continued to show solid demand across all segments. In China, demand started to pick up as the installation of utility scale projects in northwestern China and the Golden Sun Program gradually accelerated. We expect to see a significant increase of demand in China in the second half of this year, especially from September to November."

"We have also achieved further cost reductions as we continued to promote new manufacturing techniques and improve our operating efficiency. We are confident to bring non-polysilicon cost down to below US$0.50 per watt by the end of this year," Mr. Miao continued.

"In addition to the challenges from feed-in-tariff adjustments, excessive module supply and the ongoing anti-dumping and countervailing investigations in the U.S., the anticipated anti-dumping investigation in the EU has brought more pressure and uncertainties to the solar industry. We will continue to work closely with our friends and partners to protect the industry and remain committed to providing our customers with high quality products," Mr. Miao concluded.

Business Outlook for Full Year 2012

Based on current market and operating conditions, estimated production capacity and forecasted customer demand, the Company revised its PV module shipment target to be in the estimated range of 2,100 MW to 2,200 MW for fiscal year 2012, which represents an increase of 30.9% to 37.2% year over year, compared to its previously provided guidance of a more than 50% increase in shipments year over year.

BAODING, China, August 2, 2012 /PRNewswire-Asia-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 preannounced its financial results for the quarter ended June 30, 2012.

Based upon preliminary data, the Company expects its PV module shipment volumes for the second quarter of 2012 to increase by 13% to 14% over the previous quarter, compared to its previously provided guidance of an approximately 15% increase. In addition, the Company estimates its overall gross margin for the second quarter of 2012 to be a middle single digit percentage, compared to its previously provided guidance of a middle to high single digit percentage. In addition, the Company expects that its financial performance in the second quarter of 2012 will be negatively impacted by a foreign exchange loss between US$28 million to US$30 million due to the depreciation of the Euro against the RMB.

"In the second quarter, the PV industry continued to face tremendous challenges as competition intensified. However, we managed to reach our guidance for both module shipment volumes and gross margin," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "As solar electricity becomes affordable, we are seeing quickly broadening PV market and emerging demand for net metering. Furthermore, we are confident to withstand intense competition and remain a leading player in the PV industry as we achieve continuous cost reductions through the adoption of new materials and new techniques and further improvements of our operating efficiency."

As these selected estimated results are subject to the finalization of the Company's financial closing procedures, the Company's actual results may differ from its current estimates.

The Company expects to announce its unaudited financial results for the quarter ended June 30, 2012 before the market opens on August 29, 2012, and has scheduled a conference call and live webcast to discuss such unaudited financial results at 8:00 AM Eastern Daylight Time (EDT) on Wednesday, August 29, 2012, which corresponds to 8:00 PM Beijing/Hong Kong time on the same day.

First Quarter 2012 Results

• Total net revenues were RMB 3,148.5 million (US$500.0 million).
• PV module shipment increased by 44.4% from the fourth quarter of 2011.
• Gross profit was RMB 245.2 million (US$38.9 million), representing a gross margin of 7.8%, which reflected a non-cash inventory provision of RMB 21.2 million (US$3.4 million) and a provision for preliminary U.S. countervailing and anti-dumping duties of RMB 86.3 million (US$13.7 million). Gross margin of PV modules excluding these provisions would be 11.5%.
• Operating loss was RMB 134.7 million (US$21.4 million), representing an operating margin of negative 4.3%.
• Net loss[1] was RMB 283.2 million (US$45.0 million) and loss per ordinary share and per American depositary share ("ADS") was RMB 1.82 (US$0.29). On an adjusted non-GAAP[2] basis, net loss was RMB 239.5 million (US$38.0 million) and loss per ordinary share and per ADS was RMB 1.54 (US$0.24).

"Despite the tough market situation and seasonal impact, our module shipment reached another historical high in the first quarter of 2012 as we stayed committed to existing markets and expanded into new and emerging markets," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Although excessive module supply, potential subsidy adjustments in Europe and the anti-dumping and countervailing duty investigations in the U.S. continued to drive module price down, we achieved a gross margin of 7.8% in the first quarter due to our notable cost reduction efforts and premium brand."

"We experienced exceptionally strong demand in Germany and the U.S., which accounted for approximately 80% of our total revenues in the first quarter. Meanwhile, our remarkable sales performance was partially benefited from our research and development and after-sales service center in Madrid, Spain, through which we have provided more convenient and comprehensive service to European customers. Shipments to China were comparably small due to the seasonally soft demand in the first quarter. However, we believe that shipments to China will gradually pick up in the second quarter and the third quarter supported by the acceleration of utility scale projects in western China and the recently announced 1.7 GW projects under the Golden Sun program. We expect approximately 30% of our revenues to come from Chinese customers in this year by leveraging our solid customer relations and pioneer position in China."

"In addition, the successful issuance of the 1.5 billion RMB-denominated medium-term notes in early May strengthened our cash position, optimized our borrowing structure and reduced our financing cost. The successful issuance further demonstrated investors' strong confidence in our long-term growth."

"As the intense competition in the solar industry will sustain in the short term, we will continue to pursue sales diversification, product differentiation and cost control as our top priorities to achieve incremental shipment and market share."

Business Outlook for Full Year 2012

Based on current market and operating conditions, estimated production capacity and forecasted customer demand, the Company reaffirms its PV module shipment target to be in the estimated range of 2,400 MW to 2,500 MW for fiscal year 2012, which represents an increase of 49.6% to 55.9% compared to fiscal year 2011.

BAODING, China, May 18, 2012 /PRNewswire-Asia-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 commented on the preliminary anti-dumping tariff decision by the Department of Commerce regarding the import of Chinese PV cells and PV modules to the United States. According to the decision, Yingli will be part of the separate rates group, subject to a preliminary anti-dumping tariff of 31.18%. This is following the March 20th preliminary decision on anti-subsidy tariffs, where Yingli was given a negligible amount of 3.61%.

"We felt validated after the Department of Commerce's preliminary CVD decision in March, which determined that we are not being substantially subsidized as the petitioners claim. Today's preliminary anti-dumping tariff recommendation was not unexpected given the historical tariff levels in these types of cases. We will continue to aggressively defend ourselves and remain optimistic that we will persevere in the final determination," said Robert Petrina, Managing Director of Yingli Green Energy Americas, Inc., the Company's operating subsidiary in the U.S. "The overwhelming majority of the U.S. solar industry supports access to affordable solar energy and fair market trade. We are grateful to the tens of thousands of U.S. solar installers, developers, manufacturers, and suppliers who stand behind us today."

The Department of Commerce's recent rulings are preliminary findings. No final tariff decisions will be made until both the Department of Commerce and the International Trade Commission complete their investigations, which are scheduled to occur before the end of 2012.

"As we've stated before, tariffs are disruptive and destructive for the entire solar industry," said Mr. Liangsheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We remain fully committed to serving the U.S. market irrespective of the outcome of these proceedings, and we will continue to strive for a global, competitive marketplace."

BAODING, China, May 3, 2012 /PRNewswire-Asia-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 manufacturers, which markets its products under the brand "Yingli Solar," announced today that one of its primary operating subsidiaries, Yingli Energy (China) Company Limited ("Yingli China"), has successfully completed its issuance of 1.5 billion RMB-denominated unsecured medium-term notes (the "Issuance").

The Issuance is composed of 300 million RMB-denominated five-year medium-term notes (the "Five-year Notes") and 1.2 billion RMB-denominated three-year medium-term notes (the "Three-year Notes"). The Five-year Notes bear a fixed annual interest rate of 6.01% and will mature on May 3, 2017. The Three-year Notes bear a fixed annual interest rate of 5.78% and will mature on May 3, 2015.

China Development Bank ("CDB") acted as the lead underwriter and book runner for the Issuance with standby commitment. 60% of the proceeds will be used to enhance Yingli China's working capital, and the remaining 40% will be used to repay bank loans of higher interest rates.

"We have achieved tremendous success in the issuance of the medium-term notes through working closely with CDB. This successful issuance demonstrates not only investors' strong confidence in the long-term growth potential of the PV industry and Yingli's industry leadership, but also CDB's recognition of Yingli's proven track record and solid market position," commented Mr. Bryan Li, Director and Chief Financial Officer of Yingli Green Energy.

Fourth Quarter 2011 Results

• Total net revenues were RMB 2,567.6 million (US$408.0 million) and PV module shipment decreased by 29.8% quarter over quarter.
• Gross profit was RMB 77.3 million (US$12.3 million), representing an overall gross margin of 3.0%, which reflected a non-cash inventory provision of RMB211.2 million (US$33.6 million). Gross margin of PV modules excluding the non-cash inventory provision would be 12.7%.
• Operating loss was RMB 3,784.2 million (US$601.2 million), which reflected an aggregate of RMB 3,611.3 million (US$573.8 million) non-cash charges, including an impairment of long-lived assets of Fine Silicon Co., Ltd. ("Fine Silicon"), the Company's in-house polysilicon production subsidiary, of RMB 2,275.0 million (US$361.5 million), an impairment of goodwill of RMB 273.4 million (US$43.4 million), a provision of RMB 851.7 million (US$135.3 million) on the Company's inventory purchase commitment under long-term polysilicon supply contracts and the inventory provision mentioned above. Excluding such non-cash charges, operating loss would be RMB 172.8 million (US$27.5 million), representing an operating margin of negative 6.7%.
• Net loss(1) was RMB 3,772.4 million (US$599.4 million) and loss per ordinary share and per American depositary share ("ADS") was RMB 24.37 (US$3.87).
• On an adjusted non-GAAP(2) basis, net loss was RMB 126.5 million (US$20.1 million) and loss per ordinary share and per ADS was RMB 0.82 (US$0.13).

"The PV industry experienced tremendous pressure in 2011 due to supply-demand imbalance throughout the value chain. This pressure was exacerbated by incentive adjustments in major solar markets and implementation of government austerity measures in Europe. Yingli Green Energy successfully navigated the intensified competition by achieving full year 2011 module shipments of 1,603.8 MW, representing a volume increase of fifty-one percent over 2010. This increase was attributable to our differentiated market channels, strong brand and end market diversification," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "While our module shipment volume in the fourth quarter was down from the previous quarter, we strengthened our position in major markets such as Germany, China and the United States."

"As one of the solar pioneers, Germany has created a strong foundation for the establishment and growth of leading solar EPC and distribution companies that now operate across Europe and globally. Beyond our continued efforts in Germany, we will deploy more resources in other European markets. The US market grew in-line with expectations in 2011 and we achieved our targets for the region. We maintain a cautiously optimistic view toward the US market in 2012 and expect to see more clarity emerge from the anti-dumping and countervailing duty investigation process. As one of the most promising markets, China is expected to sustain its strong growth momentum supported by the boom of the utility segment and the steady growth of the roof-top segment. In 2011, sales to China accounted for approximately twenty-two percent of our total revenues, compared to approximately six percent a year ago. Going forward, we will continue our firm commitment to China and strengthen our leading position in this fast growing market."

Business Outlook for Full Year 2012

Based on current market and operating conditions, estimated production capacity and forecasted customer demand, the Company expects its PV module shipment target to be in the estimated range of 2,400 MW to 2,500 MW for fiscal year 2012, which represents an increase of 49.6% to 55.9% compared to fiscal year 2011

BAODING, China, February 22, 2012 /PRNewswire-Asia-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 manufacturers, which markets its products under the brand "Yingli Solar," today announced its preliminary unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2011.

Based upon preliminary data, the Company now expects a decrease of PV module shipments close to thirty percent from the third quarter to the fourth quarter of 2011, compared to its previously provided guidance of a low to middle twenties percent decrease. The Company also reaffirms its guidance of PV module shipment of 1,580 MW to 1,630 MW for fiscal year 2011.

The Company estimates its overall gross margin for the fourth quarter of 2011, including a non-cash inventory provision, to be approximately 3 percent, compared to its previously provided guidance of approximately 10 percent. Excluding the non-cash inventory provision, the Company estimates that its gross margin of PV module for the fourth quarter of 2011 would be approximately 12 percent.

Additionally, due to the challenging solar market conditions and the significant reduction of the Company's market capitalization since the second quarter of 2011, the Company expects to recognize an impairment of long-lived assets of Fine Silicon Co., Ltd., or Fine Silicon, the Company's in-house polysilicon production subsidiary, of approximately US$361 million and an impairment of goodwill of approximately US$43 million for the fourth quarter and full year 2011. The impairment of long-lived assets of Fine Silicon was to reflect the less than expected profit-generating ability of Fine Silicon's assets due to a sharp decline in the spot market price of polysilicon. The goodwill was originated due to the historical acquisitions of equity interests in 2006, 2007 and 2008 in Baoding Tianwei Yingli New Energy Resources Co., Ltd., an operating subsidiary of the Company. The estimates presented in this press release are preliminary, unaudited and subject to further adjustments.

The Company further expects to provide a provision of approximately US$135 million on its inventory purchase commitment under long-term polysilicon supply contracts as a result of continuing decline in the polysilicon purchase price. The management continues to negotiate with its suppliers to amend the prices under these long-term contracts. Should the contract prices be revised down in the future, the provision will be reversed to the extent of the amount recovered.

Third Quarter 2011 Results

BAODING, China and LIVINGSTON, N.J., Nov. 21, 2011 /PRNewswire-Asia/ -- 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", and CIT Group Inc. (NYSE: CIT), cit.com, a leading provider of financing to small businesses and middle market companies, today announced a strategic financing relationship. Under the terms of the agreement, CIT Vendor Finance will provide financing options for the purchase and installation of modules to the customers of Yingli Green Energy's U.S. subsidiary, Yingli Americas.

"The alternative energy sector continues to experience significant growth and we are excited to announce this new relationship with Yingli Americas," said Ron Arrington, Global President of CIT Vendor Finance. "The financing solutions offered by CIT Vendor Finance to Yingli America's customers will allow them the opportunity to take advantage of the increased demand for solar energy projects. It is another example of how financing from CIT helps all kinds of companies to acquire the equipment they need to grow their business."

"We are pleased to provide our customers with access to financial solutions from CIT, an innovative and long-standing market leader in financial services," said Robert Petrina, Managing Director of Yingli Americas. "We have been working hard to provide numerous opportunities to make solar projects as streamlined and financially accessible as possible. With this new relationship, we hope to continue to simplify that process."

Second Quarter 2011 Results

BAODING, China and SAN FRANCISCO, July 12, 2011 /PRNewswire-Asia-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," announced today at Intersolar North America, that its U.S. subsidiary, Yingli Green Energy Americas, Inc. ("Yingli Americas"), has reached several significant business and product development milestones.

Yingli Americas Expected to Capture 15% of North American Solar Market

With cumulative shipments of 250 MWs to 23 U.S. states, as well as to Canada, Mexico and the Caribbean, Yingli Americas has become a leading module supplier in North America. During the first half of 2011, Yingli Americas delivered more PV modules than during the full year 2010. The Company expects Yingli Americas to capture nearly 15 percent of the North American solar market in 2011. Yingli Americas' customers are diversified across the commercial, residential and utility segments.

In perspective, 250 MWs of solar modules could provide enough energy to power 50,000 typical U.S. homes. It would have also been enough to supply the grid-tied PV installations nationwide in the first quarter of 2011, which grew 66% year-over-year to reach 252 MWs, according to the Solar Energy Industries Association.

"This milestone exemplifies Yingli Americas' commitment to building long-term partnerships, providing outstanding customer service, and always delivering on our commitments," said Robert Petrina, Managing Director of Yingli Americas. "We are immensely grateful to our customers, extremely proud of our exceptional organization, and believe that our strong partnerships across the industry are the foundation of our continued growth."

Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy, commented, "As today's announcement demonstrates, we are fully dedicated to the Americas and have established excellent resources to support our customers locally. We expect this ever-growing market would comprise over 15% of our global sales in 2011, and will be a pivotal driver for realizing our vision of a clean energy future."

Release of Zep Compatible™ YGE-Z Series Modules

Yingli Americas has been focusing on expanding its product portfolio, evidenced by today's release of the YGE-Z Series ("Z Series") module. Through a strategic licensing agreement with Zep Solar, an innovative module mounting manufacturer, Yingli Americas has incorporated the patented Zep Groove feature into its 240 Watt product family. The Z Series is also optimized for use with Enphase Microinverters.

Ideal for residential and commercial projects, the new Z Series reduces installation labor costs by over 25 percent, eliminates extraneous hardware through Zep Solar's ultra-low parts count, and provides an attractive roof-integrated look with a sleek black frame,low profile, and aesthetic skirt. Installers can also lock the new Zep Compatible Enphase Microinverter into the Z Series module groove in one easy step to simplify design and lower installation time. A preview of this integrated solution will be displayed in Yingli Solar's booth at Intersolar North America (Moscone West, Level 2). The Zep Compatible Enphase Microinverter will be available the fourth quarter of this year.

"Expanding our product portfolio to meet our diverse customer needs is a critical component of our growth strategy. Following the successful launch of our high-efficiency PANDA module, the Z Series reflects our collaboration with customers and supply chain partners to innovate on system-wide design and to drive down system costs," said Mathew Sachs, Director of Business Development, Yingli Americas.

Opening R&D Facility in San Francisco Bay Area

Yingli Americas also announces the opening of a new research and development facility in South San Francisco for comprehensive product testing and evaluation.

"Our new research and development lab will accelerate our understanding of module performance and reliability," said Brian Grenko, Director of Operations for Yingli Americas. "This investment will enable us to more quickly evaluate new technologies, deliver next generation products, and better serve our customers throughout all stages of a project's life cycle."

"We now have the ability to offer product testing and development support within the U.S. for our customers here," added Mr. Petrina. "We plan to use this new facility to proactively address market opportunities and trends to better support our pre- and post-sales efforts - a sign of our continued dedication to technical leadership."

We require a significant amount of cash to fund our operations. We will also require cash to meet future capital requirements, which are difficult to predict in the rapidly changing PV industry. In particular, we will need capital to fund the expansion of our facilities, and research and development activities in order to remain competitive.

Our ability to continue as a going concern for a reasonable period of time largely depends on the ability of our management to successfully execute our business plan (including increasing sales while decreasing operating costs and expenses) and, if required, the ability to obtain additional funds from third parties, including banks, and from our related parties or from the issuance of additional equity or debt securities. Our management believes increased sales as we expand our market presence in Europe and other target markets, as well as the proceeds from our other completed or potential equity or debt issuances, long-term bank borrowings and other financings entered into from time to time, will enable us to fund our operational cash flow needs and meet our commitments and current liabilities, as and when they come due, as well as our selective debt prepayment needs, for a reasonable period of time. In our opinion, our working capital is sufficient for our present requirements.

We believe that our current cash and available lines of credit will be sufficient to meet our anticipated present cash needs, including cash needs for working capital and capital expenditures. We plan to meet our cash needs for working capital and capital expenditures for the remainder of 2011 and beyond primarily through cash generated from operations, and to the extent required, through borrowings from financial institutions and/or issuances of equity and debt securities.

Capital Expenditures

We had capital expenditures of RMB 2,036.3 million, RMB 3,001.2 million and RMB 3,744.5 million (US$567.3 million) in 2008, 2009 and 2010, respectively. As of December 31, 2010, we committed an aggregate of RMB 1,125.0 million (US$170.5 million) to purchase property, plant and equipment for our capacity expansion. Our capital expenditures were used primarily to build manufacturing facilities for our PV products. We estimate that we will make capital expenditures in 2011 in the aggregate of approximately RMB 3,414.6 million (US$517.4 million), which will be used primarily to build manufacturing facilities for our PV products and the manufacture of polysilicon. We currently plan to increase our overall annual manufacturing capacity of each of polysilicon ingots and wafers, PV cells and PV modules to 1,700 megawatts in the end of 2011. We plan to fund part of the capital expenditures for these plans with additional borrowings from third parties, including banks, and if any, cash from operations.

BAODING, China, June 2, 2011 /PRNewswire-Asia/ -- 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 manufacturers, which markets its products under the brand "Yingli Solar," today announced that Yingli Energy (China) Company Limited ("Yingli China"), a wholly-owned subsidiary of Yingli Green Energy, has received a five-year loan of RMB 1.16 billion from the China Citic Bank, Shijiazhuang Branch  ("CITIC") and the Bank of China, Baoding Branch ("BOC"). CITIC acts as the lead arranger and BOC acts as the correspondent bank for this loan. Under the terms of the loan agreement, Yingli China is required to meet certain criteria before it may draw down on the loan.

The Company believes that this loan will support the Company's long-term growth initiatives and the expansion projects we are currently constructing. "We are gratified by the confidence CITIC and BOC have shown in our operations and long-term prospects, as well as their positive views toward the solar industry and the overseas and domestic solar power markets. We believe this long-term loan will further optimize our loan structure and enhance our financial ability to pursue our long-term growth strategy," commented Mr. Bryan Li, Director and Chief Financial Officer of Yingli Green Energy.

First Quarter Results:

• Total net revenues were RMB 3,453.0 million (US$527.3 million).
• PV module shipment decreased by a low teen percentage from the fourth quarter of 2010.
• Gross profit was RMB 943.7 million (US$144.1 million), representing a gross margin of 27.3%.
• Operating income was RMB 568.2 million (US$86.8 million), representing an operating margin of 16.5%.
• Net income(1) was RMB 368.3 million (US$56.2 million) and diluted earnings per ordinary share and per American depositary share ("ADS") were RMB 2.29 (US$0.35).
• On an adjusted non- GAAP(2) basis, net income was RMB 403.6 million (US$61.6 million) and diluted earnings per ordinary share and per ADS were RMB 2.51 (US$ 0.38).

In May 2011, through one of its operating subsidiaries in China, the Company completed a successful issuance of RMB 1.4 billion medium-term notes on the PRC inter-bank debenture market.

"In the first quarter of 2011, we experienced a sudden demand slowdown in Europe, primarily due to the uncertainties relating to the feed-in-tariff policy change in Italy and the severe winter season conditions in Germany. However, despite a lower than expected shipment in the past quarter, we remain confident to accomplish our full year shipment guidance of 1.7 to 1.75 GW through continuously optimized global sales strategies." Commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.

BAODING, China, Feb. 9, 2011 /PRNewswire-Asia/ -- Yingli Green Energy Holding Company Limited announced today that its U.S. subsidiary, Yingli Green Energy Americas, Inc., has signed a new PV module supply agreement with San Diego-based Borrego Solar Systems Inc. Under the terms of the agreement, Yingli Americas is expected to supply 20 megawatts of PV modules to Borrego Solar in 2011. These modules are designated for commercial solar projects across the U.S.

Third Quarter 2010 Consolidated Financial Highlights

• Total net revenues were RMB 3,284.2 million (US$490.9 million), and shipment increased by 25.2% quarter over quarter.

• Gross profit was RMB 1,094.5 million (US$163.6 million), representing a gross margin of 33.3%.

• Operating income was RMB 735.8 million (US$110.0 million), representing an operating margin of 22.4%.

• Net income(1) was RMB 456.1 million (US$68.2 million) and diluted earnings per ordinary share and per American depositary share (“ADS”) was RMB 2.92(US$0.44).

• On an adjusted non-GAAP(2) basis, net income was RMB 556.6 million (US$83.2 million) and diluted earnings per ordinary share and per ADS was RMB 3.57(US$0.53) vs. diluted earnings per ordinary share and per ADS of $0.18 in the third quarter of 2009.

Business Outlook for Full Year 2010

Based on current market and operating conditions, estimated production capacity and forecasted customer demand, the Company raises its PV module shipment target to the estimated range of 1,020 MW to 1,040 MW from the previous estimated range of 950 MW to 1,000 MW for fiscal year 2010, which represents an increase of 94.2% to 98.0% compared to fiscal year 2009. The net revenue for full year 2010 is estimated to be in the range of US$1,780 million to US$1,810 million.

In addition, based on the strong gross margin performance in the first three quarters of 2010, the estimated ramp-up cost of Fine Silicon and the 400 MW of new production lines which started initial operation in July 2010, the expected average selling price of PV modules and forecasted exchange rates of the euro and U.S. dollar against the Renminbi, the Company further raises its gross margin target to the estimated range of 32.0% to 32.5% from the recently raised estimated range of 31% to 32% for fiscal year 2010.

First Quarter 2010 Consolidated Financial and Operating Highlights

• Total net revenues were RMB 2,449.9 million (US$358.9 million).
• Gross profit was RMB 815.4 million (US$119.5 million) and gross margin was 33.3%. 
• Operating income was RMB 535.9 million (US$78.5 million) and operating margin was 21.9%.
• Net income (1) was RMB 190.9 million (US$28.0 million) and diluted earnings per ordinary share and per American depositary share ("ADS") was RMB 1.24 (US$0.18).
• On an adjusted non-GAAP (2) basis, net income was RMB 246.8 million (US$36.2 million) and diluted earnings per ordinary share and per ADS was RMB 1.60 (US$0.23).
• Actual output of existing 600 MW vertically integrated production capacity was nearly 30% higher than nameplate capacity.

"Looking ahead, to strengthen our leadership in the global solar market we will continue to focus on improving cell efficiency and yield rates across the integrated value chain while reducing costs, increasing the diversity of our customer base, securing new long-term and strategic partnerships, strengthening our risk control capabilities across different regions and assuring the quality of our products by cooperating with leading partners such as TUV Rheinland. With a strong quarter behind us and solid strategies in place, we look forward to driving continued healthy growth in the future."