Yingli Partners with Iberdrola on the Turnkey Solution for Self-Consumption in Spain

MADRID, Spain, Feb. 5, 2016 /PRNewswire/ -- Yingli Green Energy Holding Company Ltd. ("Yingli" or "Yingli Solar") (NYSE:YGE), one of the world's leading solar panel manufacturers, has recently signed an agreement with Iberdrola, for the new product "Smart Solar Iberdrola", the turnkey solar PV solution that Iberdrola has set up to its customers which offers the possibility to generate and consume their own electricity by installing this technology.  

The signing ceremony was held at the offices of Iberdrola in Madrid, which was attended by Raquel Blanco, Director of Efficiency and Energy Services of Iberdrola, and Fernando Calisalvo, Managing Director of Yingli Green Energy Spain, a wholly owned subsidiary of Yingli.

Through this partnership, Yingli will provide Iberdrola with its extensive portfolio of solar panels, experience and best resources including technical and human, for assembly work, configuration and monitoring of equipment performance, and preventive and corrective maintenance, to make sure the systems perform as safely and efficiently as possible. Thus, installers and technicians of Iberdrola will have technical assistance and training from Yingli, ensuring that the construction and implementation of the facilities are in the best conditions of quality, speed and safety.

"We are very pleased to have the cooperation of Yingli Solar as we aim to provide a comprehensive solution that meets all the needs of a client who wants to become self-consumer electricity using PV. To do this, have one of the largest manufacturers of solar panels in the world is important," said Raquel Blanco Director of Efficiency and Energy Services of Iberdrola.

"We are pleased to join IBERDROLA'S SMART SOLAR strategy, which is fully aligned with our downstream focus," said Fernando Calisalvo Managing Director of Yingli Green Energy Spain. "We are committed in the promotion and development of clean energy affordable to everyone, through our expertise and high-quality products and services".

About Yingli Green Energy

Yingli Green Energy Holding Company Limited (NYSE: YGE), known as "Yingli Solar," is one of the world's leading solar panel manufacturers. Yingli Green Energy'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 Green Energy has more than 30 regional subsidiaries and branch offices and has distributed more than 14 GW solar panels to customers worldwide. For more information, please visit www.yinglisolar.com and join the conversation on Facebook, Twitter and Weibo.

About Smart Solar Iberdrola

Through this new commercial product, Iberdrola offers its customers an integrated package that includes the design, installation and commissioning of a solar installation fully customized, in addition to financing, consulting, system maintenance, management and monitoring of the plant through innovative web tools and applications. The company also offers the entire power backup that may be needed. With this turnkey solution proposed by the company, residential customers with single-family homes, small businesses, and large businesses irrigators or without commitment can discover if solar power is an efficient alternative for them. In that case, they may generate and consume their own electricity, optimizing consumption and improving the energy efficiency of your installation.

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, please contact:

In China:

Qing Miao
Vice President of Corporate Communications
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
E-mail: [email protected]

In the Americas:

Lily Arrieta
Marketing Communications
Yingli Green Energy Americas
Email: [email protected]    

In Europe:

Carolin Staehler
Marketing Communications Manager Europe
Yingli Green Energy Europe GmbH
Email: [email protected]

SOURCE Yingli Green Energy Holding Company Limited

Related Links

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