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.”
*Yingli Green Energy Holding Company is also known as “Yingli Green Energy” and markets its products under the brand name “Yingli Solar.”
About Yingli Green Energy
Yingli is one of the world’s leading solar panel manufacturers. Yingli’s manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar panel assembly. Headquartered in Baoding, China, Yingli has more than 30 regional subsidiaries and branch offices and has distributed more than 13 GW solar panels to customers worldwide. For more information, please visit www.yinglisolar.com and join the conversation on Facebook, Twitter and Weibo.
About CELAV
Consorcio Energias Limpias Alternativas Venezolanas (CELAV) is a company dedicated to the design, installation and commissioning of renewable energy installations in Venezuela.
About Vico Export Solar Energy
Vico Export Solar Energy is a Spanish company that distributes solar photovoltaic products in more than fifty countries in Europe, Latin America and North Africa.
The company works together in partnership with the world’s most important solar panel producers, connecting them to local solar market requirements across all product steps from manufacturing to final installation. For more information, please visit www.vicoexport.com and follow the latest company news in Twitter and Facebook.
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,”” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli’s control, which may cause Yingli’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli’s filings with the U.S. Securities and Exchange Commission. Yingli does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
For further information, please contact:
In ChinaQing Miao
Vice President of Corporate Communications
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787+86 312 8929787
E-mail: ir@yingli.com
In the Americas:Tori CliffordDirector of Marketing
Yingli Green Energy Americas Inc.
Tel: +1 415 728 0472+1 415 728 0472
Email: tori.clifford@yingliamericas.com
In Europe:Carolin StahlerMarketing Communications Manager Europe
Yingli Green Energy Europe GmbH
Email: carolin.staehler@yingli.com
SOURCE Yingli Green Energy Holding Company Limited
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