Published: May 11, 2009
Yingli Green Energy Becomes the First China-Based Company to Join PV CYCLE
BAODING, China , May 11 /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy
Holding Company Limited (NYSE: YGE) (''Yingli Green Energy'' or ''the
Company''), one of the world's leading vertically integrated photovoltaic
(''PV'') product manufacturers, today announced that it has become the first
China -based company and the 40th member to join PV CYCLE, an organization
based in Brussels, Belgium that promotes voluntary take-back and recycling of
end-of-life PV modules. As a member, Yingli Green Energy will participate in
PV CYCLE working groups whose aim is to define collection and recycling
targets for the PV industry, develop voluntary agreements among members and
hone PV CYCLE's business model and outreach strategy.
''As one of the world's leading vertically integrated photovoltaic product
manufacturers, Yingli Green Energy is committed to helping lead the search for
a truly sustainable energy solution to reduce life-cycle energy consumption
and the environmental impacts associated with PV production. Our membership to
PV CYCLE will substantiate our commitment to customers, authorities and
stakeholders, while allowing us to join a global team of industry leaders that
are similarly committed to preventing climate change tomorrow,'' said Mr.
Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.
''We are honored that Yingli Green Energy has become the firstChina-based
PV manufacturer to join our organization. We hope Yingli Green Energy's
commitment to reducing the environmental impact of PV production will
encourage other Asian manufacturers to take steps towards developing a
sustainable PV solar industry,'' said Jan Clyncke, Managing Director of PV
CYCLE. ''PV modules are designed to generate clean, renewable energy that can
last for more than 25 years. The first significant installations took place in
the early 1990s, and full-scale end-of-life recycling is still another 10 to
15 years away. It is with this in mind that we aim to bring industry leaders
together to devise solutions that will have the maximum impact when the time
comes.''
The PV CYCLE membership, which began on April 29, 2009, represents another
step forward in Yingli Green Energy's commitment to developing sustainable
energy solutions throughout all stages of the PV value chain. In addition to
module recycling, Yingli Green Energy has also developed award-winning water
treatment procedures which have received ISO 14000 and 14001 certification.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited is one of the world's leading
vertically integrated PV product manufacturers. Through Baoding Tianwei Yingli
New Energy Resources Co., Ltd., an operating subsidiary of the Company, Yingli
Green Energy designs, manufactures and sells PV modules and designs, assembles,
sells and installs PV systems that are connected to an electricity
transmission grid or operate on a stand-alone basis. With 400 MW of total
annual production capacity in each of polysilicon ingots and wafers, PV cells
and PV modules, Yingli Green Energy is currently one of the largest
manufacturers of PV products in the world as measured by annual production
capacity. Additionally, Yingli Green Energy is one of a limited number of
large-scale PV companies in the world to have adopted a vertically integrated
business model. Through its wholly owned subsidiary, Yingli Energy (China) Co.,
Ltd., Yingli Green Energy currently plans to expand annual production capacity
of polysilicon ingots and wafers, PV cells and PV modules to 600 MW in the
third quarter of 2009. The Company, through Fine Silicon Co., Ltd., its wholly
owned subsidiary, also plans to begin production of solar-grade polysilicon in
the second half of 2009. Yingli Green Energy sells PV modules under its own
brand name, Yingli Solar, to PV system integrators and distributors located in
various markets around the world, includingGermany,Spain,Italy,South Korea,
Belgium,France,China andthe United States. For more information, please
visit http://www.yinglisolar.com .
About PV CYCLE
PV CYCLE was founded in 2007 with the specific purpose of implementing the
photovoltaic industry's commitment to set up a voluntary take-back and
recycling program for end-of-life waste PV modules. To produce green and
renewable energy, end-of-life modules need to be recovered and recycled. This
will minimize waste and allow the re-use of valuable raw materials to produce
new modules. The members of PV CYCLE are in the final stages of developing the
scheme and aim to present it to the European Commission by spring 2009 for
formal acknowledgement. By closing the life cycle of photovoltaic modules,
industry players take their responsibility and are ''Making the photovoltaic
industry Double Green.''
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''
and similar statements. Such statements are based upon management's current
expectations and current market and operating conditions, and relate to events
that involve known or unknown risks, uncertainties and other factors, all of
which are difficult to predict and many of which are beyond Yingli Green
Energy's control, which may cause Yingli Green Energy's actual results,
performance or achievements to differ materially from those in the forward-
looking statements. Further information regarding these and other risks,
uncertainties or factors is included in Yingli Green Energy's filings with the
U.S. Securities and Exchange Commission. Yingli Green Energy does not
undertake any obligation to update any forward-looking statement as a result
of new information, future events or otherwise, except as required under
applicable law.
For further information, please contact:
In Europe:
Stuart Brannigan
Managing Director
Yingli Green Energy Europe GmbH
Tel: +49-89-5403034-12
Email: sbrannigan@yinglisolar.com
In China:
Qing Miao
Director, Investor Relations
Yingli Green Energy Holding Company Limited
Tel: +86-312-3100-502
Email: ir@yinglisolar.com
Courtney Shike
Brunswick Group LLC
Tel: +86-10-6566-2256
Email: yingli@brunswickgroup.com
In the United States:
Katie Cralle
Brunswick Group LLC
Tel: +1-212-333-3810
Email: kcralle@brunswickgroup.com
SOURCE Yingli Green Energy Holding Company Limited
Copyright © 2012, PRNewswire
Copyright © 2012, NewsBlaze,
Daily News