Yingli Green Energy Announces Three-Year Framework Agreement to Supply 285MW of PV Modules to Gehrlicher Solar AG

BAODING, China, Feb. 24 /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, who holds the brand Yingli Solar, today announced it has signed a three-year framework agreement with Gehrlicher Solar AG ("Gehrlicher Solar"), one of the leading PV system integrators in Europe. Under the terms of this agreement, Yingli Green Energy has agreed to supply 285MW of PV modules to Gehrlicher Solar over a three-year period through 2012. The PV modules to be supplied by the Company under this agreement are expected to be installed mainly in residential, commercial roof-top and ground-mounted power plants across key European PV markets.

"We are pleased to announce this new long-term business relationship with Gehrlicher Solar," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We believe the establishment of our partnership with Gehrlicher Solar, one of the leading system integrators with a diversified portfolio of customers in Europe, will further strengthen our position in this important region. In establishing this partnership, we were particularly impressed by Gehrlicher Solar's successful track record in the PV industry, their focus on innovative solar PV solutions as we approach grid-parity, and their business partnership philosophy."

Mr. Miao noted that the three-year agreement provides Yingli Green Energy and Gehrlicher Solar with additional visibility on sales and supply volumes as well as a solid foundation for long-term cooperation.

Mr. Klaus Gehrlicher, founder and Chief Executive Officer of Gehrlicher Solar, said, "This long-term framework agreement with Yingli Green Energy will strengthen our position within the crystalline market segment and enhance the representation of both companies in major solar markets in Europe. In addition, we are pleased to be adding Yingli Green Energy's high-quality PV modules, which are a perfect fit with our 'gehrtec' product family, to our portfolio of products."

About Yingli Green Energy

Yingli Green Energy Holding Company Limited (NYSE: YGE), who holds the brand Yingli Solar, is a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers. Yingli Green Energy develops, manufactures and sells 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 6,000 employees and more than 10 subsidiaries and branch offices worldwide. Yingli Green Energy is publicly listed on New York Stock Exchange (NYSE: YGE). For more information, please visit http://www.yinglisolar.com

About Gehrlicher Solar AG

Gehrlicher Solar AG is a photovoltaic company with registered office in Neustadt near Coburg and head office in Dornach near Munich. The company was founded in 1994 by Chairman of the Board, Klaus Gehrlicher. Gehrlicher Solar AG is both a system integrator and a wholesaler. As a system integrator, Gehrlicher Solar AG plans, constructs, finances and maintains photovoltaic systems. As a wholesaler, it also offers solar modules, as well as its own components (from cables to substructures). The company also plans, establishes and administrates photovoltaic funds or private placements for investors. Gehrlicher Solar AG is a European company with currently 204 employees in two locations in Germany (Neustadt and Dornach) and with subsidiaries in Italy, Spain and Greece. For more information, please visit http://www.gehrlicher.com

    For further information, please contact:

    In China:
     Qing Miao
     Director, Investor Relations
     Yingli Green Energy Holding Company Limited
     Tel:   +86-312-3100-502
     Email: [email protected]

     Courtney Shike
     Brunswick Group LLC
     Tel:   +86-6566-2256
     Email: [email protected]

    In the United States:
     Katie Cralle
     Brunswick Group LLC
     Tel:   +1-212-333-3810
     Email: [email protected]

     Gehrlicher Solar AG
     Ursula Frings-Braun
     Press Officer
     Tel:   +49-89-420792-174
     Email: [email protected]

SOURCE Yingli Green Energy Holding Company Limited

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