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 Lourenço 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."
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), known as "Yingli Solar," is the world's largest photovoltaic module manufacturer in terms of production capacity and shipments. Yingli Green Energy's manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and module assembly. Headquartered in Baoding, China, Yingli Green Energy has more than 20 regional subsidiaries and branch offices and has distributed more than 8,000 MW PV modules to customers worldwide. For more information. please visit www.yinglisolar.com and join the conversation on Facebook, Twitter and Weibo.
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
For further information about Yingli Green Energy, please contact:
In China:
Qing Miao
Vice President of Corporate Communications
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
E-mail: ir@yinglisolar.com
In the Americas:
Helena Kimball
Head of Marketing
Yingli Green Energy Americas Inc.
Tel: +1-603-591-5812
Email: helena.kimball@yingliamericas.com
In Europe:
Rebecca Jarschel
Public Affairs & Public Relations Director
Yingli Green Energy International AG
Tel: +41 (0) 44 567 6143
Email: rebecca.jarschel@yinglisolar.ch
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SOURCE Yingli Green Energy Holding Company Limited