Yingli Green Energy Announces New and Improved Warranty Terms

BAODING, China, Oct. 10, 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", today announced new and improved limited warranties for its product line of reliable and bankable PV modules.

High performance monocrystalline Panda PV modules will feature a standard power performance warranty that guarantees 98% of nameplate power for the first year, 92% of nameplate power for 10 years, and 82% of nameplate power for a period of 25 years, assuring its superior field performance.  Multicrystalline PV modules will feature a standard power performance warranty that guarantees 91.2% of nameplate power for 10 years, and 80.7% of nameplate power for a period of 25 years.  A linear-based extended warranty that guarantees power output for each year of the 25-year warranty period is also made available by the Company.  

In addition, the Company has extended its limited product warranty from five to ten years for all of its PV module products.  

The new warranties have been valid for PV modules shipped from Yingli factories effective October 1st, 2011.  For more information, please refer to www.yinglisolar.com/media/download-center/.

"We are pleased to offer these improved warranties in order to further secure the investments of our customers," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.  "With a deployed fleet of PV modules exceeding 2.8 GW at the end of the first half of 2011, and over 10 years of operating experience, we proudly stand behind the quality and reliability of our products.  Our new and improved warranties underscore our commitment to providing our customers with bankable, value-added products."

About Yingli Green Energy

Yingli Green Energy Holding Company Limited (NYSE: YGE), which markets its products under the brand "Yingli Solar," is a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers. Yingli Green Energy's manufacturing covers the entire photovoltaic value chain, from the production of polysilicon through ingot casting and wafering, to solar cell production and module assembly. Currently, Yingli Green Energy maintains a balanced vertically integrated production capacity of over 1 GW per year. Two capacity expansion projects of 600 MW and 100 MW are under construction in Baoding and Hainan, respectively, which are expected to start initial production in the middle of 2011 and will increase the Company's total nameplate capacity to 1.7 GW in late 2011. In addition, Yingli Green Energy's in-house polysilicon plant, Fine Silicon, which has a designed annual production capacity of 3,000 metric tons, has successfully started commercial operation in early August 2010. Yingli Green Energy distributes its photovoltaic modules to a wide range of markets, including Germany, Spain, Italy, Greece, France, South Korea, China and the United States. Headquartered in Baoding, China, Yingli Green Energy has more than 11,000 employees and more than 10 subsidiaries and branch offices worldwide. Yingli Green Energy is publicly listed on the New York Stock Exchange (NYSE: YGE). For more information, please visit http://www.yinglisolar.com.

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.

SOURCE Yingli Green Energy Holding Company Limited