Thursday, July 12, 2007

Baoding, China: Yingli Green Energy Wins Spanish Sales Contract

July 2, 2007

Yingli Green Energy, a vertically integrated photovoltaic, or PV, product manufacturer in China, has entered into a sales contract with Control y Montages Industriales CYMI S.A. ("CYMI") to supply 9.55 megawatts of PV modules to CYMI in 2007.

Mr. Liansheng Miao, the chairman and CEO of Yingli Green Energy, commented, "We are very pleased to announce this significant transaction in Spain, which further solidifies our market position and grows our market share in Spain, one of our most important markets, and demonstrates our capability in expanding our reach into the southern European markets as a result of increasing recognition of our brand and product quality. Due to the country's favorable feed-in tariffs and significant exposure to sunshine throughout the year, the PV market in Spain has grown rapidly in recent years. We believe that this will likely continue to provide us with opportunities."

Yingli Green Energy Holding Company Limited, through Baoding Tianwei Yingli New Energy Resources Co., Ltd., its principal operating subsidiary based in China, 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 those that operate on a stand-alone basis. With an annual production capacity of 95 megawatts of polysilicon ingots and wafers, 90 megawatts of PV cells and 100 megawatts of PV modules as of today.

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