Yingli to Power the Largest Bifacial PV Plant in Europe

The project has started construction in the Netherlands

BAODING, China, March 17, 2017 /PRNewswire/ -- Yingli Green Energy Holding Company Ltd. ("Yingli" or "Yingli Solar") (NYSE: YGE), one of the world's leading solar panel manufacturers, today announced that Tempress Systems B.V. part of the Amtech Group has begun to construct the Europe's largest bifacial PV plant with a capacity of close to 400 kilowatt (KW). The project is located next to the headquarters of Tempress in Vaassen in the Netherlands and is expected to be completed in the second quarter of 2017. It is expected that the annual energy production of the project will exceed 400 MWh.

The project will contain 1,428 Yingli's PANDA Bifacial modules with a nominal peak power ranging from 275 Watt to 280 Watt each. PANDA Bifacial module contains n-type crystalline silicon solar cells based on the n-PERT technology jointly developed by Yingli, Tempress Systems and ECN, which can generate power not only from the front side, but also from the rear side by making use of the reflected photons that hit the module on the back side*. Therefore, the power yield of the PANDA Bifacial module can be increased by up to 30% compared to a monofacial standard module. In addition, the n-type crystalline silicon solar cells used by the PANDA Bifacial module are more sensitive for low light conditions than regular p-type cells.

The PANDA Bifacial module is comprised of two layers of 2.5mm thick tempered glass, which replace the conventional back sheet and glass structure. It also bears a 30-year-linear warranty exceeding the life time of standard modules. The PANDA Bifacial module has been independently tested for harsh environmental conditions such as exposure to salt mist, ammonia and known PID risk factors.

The project has been designed by Schulz Systemtechnik BV who will also do the installation. The modules will be mounted on a fixed rack specially designed for bifacial modules to optimize the rear side performance and are produced by Benz Alusysteme GmbH. Each module will be equipped with micro inverters from APsystems to ensure optimal energy generation and monitor the performance of each module. This project was granted with a SDE+ subsidy from the Dutch ministry of Economic Affairs to encourage the production of renewable energy in the Netherlands.

"We are proud to be the first in Europe to install a bifacial PV plant of such a large size", said Dr. Albert Hasper, General Manager of Tempress. "Besides electricity generation, this plant will also be used as a showcase to prove the benefits of using bifacial module technology."

"We are glad to receive substantial orders for our PANDA Bifacial module, which was recently introduced during the SNEC exhibition in Shanghai, May 2016 and has been improved through our continuously technology innovation," said Dr. Dengyuan Song, Chief Technology Officer of Yingli. "Tempress and ECN are our strategic partners for many years and this innovative product is a result of this long-term collaboration."

*Depending on the environmental condition of installation.

About Yingli

Yingli Green Energy Holding Company Limited (NYSE: YGE), known as "Yingli" or "Yingli Solar", is one of the world's leading solar panel manufacturers. Yingli'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 has more than 20 regional subsidiaries and branch offices and has distributed more than 17GW solar panels 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. Potential risks and uncertainties include, but are not limited to, uncertainties as to Yingli Green Energy's ability to meet the standards necessary to maintain listing of its ADSs on the NYSE or other stock exchange, including its ability to cure the non-compliance with NYSE's continued listing criteria in a timely manner or at all. 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:

Eric Pan
Investor Relations
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
E-mail: [email protected]

SOURCE Yingli Green Energy Holding Company Limited

Related Links

http://www.yinglisolar.com