Friday, June 6, 2008

Yingli Green Energy Signs a Sales Contract with EN-NEO

June 05, 2008

BAODING, China--(BUSINESS WIRE)--Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced that it has entered into a sales contract with EN-NEO NEUE ENERGIEN GmbH ("EN-NEO"), one of the leading specialists in PV energy projects worldwide. Under the terms of the agreement, Yingli Green Energy is expected to supply 9.19 MW of PV modules to EN-NEO from October 2008 to December 2008. In addition, EN-NEO has an option to purchase another 9 MW of PV modules from Yingli Green Energy in 2009. The modules to be supplied will be installed in a solar power plant EN-NEO is constructing in Bad Sobernheim, Germany.

"Our well-recognized products and rich experience in cooperating with leading PV system specialists will provide effective support to EN-NEO in the construction of economical and environmentally friendly PV power plants," said Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. "We are expecting further cooperation with EN-NEO in future."

About Yingli Green Energy
Yingli Green Energy Holding Company Limited is one of the world's leading vertically integrated PV product manufacturers. Through the Company's principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co., Ltd., 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 200 MW of total annual production capacity in each of polysilicon ingots and wafers, PV cells and PV modules, Yingli Green Energy is currently one of the largest manufacturers of PV products in the world as measured by annual production capacity. Additionally, Yingli Green Energy is one of the limited numbers of large-scale PV companies in the world to have adopted vertical integration as its business model. Yingli Green Energy currently plans to gradually expand annual production capacity of polysilicon ingots and wafers, PV cells and PV modules to 400 MW by the end of 2008 and to 600 MW by mid-2009. Yingli Green Energy sells PV modules under its own brand name, Yingli Solar, to PV system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, China and the United States. For more information, please visit

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