Sunday, September 28, 2008

Yingli Green Energy Announces Business Update

Signs 36.8 MW PV Module Sales Contract with S.A.G. Solarstrom AG -- Expands Manufacturing Capacity to 400 MW -- Reaffirms Plan to Reach 600 MW of Manufacturing Capacity by Mid-2009

BAODING, China, Sep 26, 2008 (BUSINESS WIRE) -- Yingli Green Energy Holding Company Limited ("Yingli Green Energy" or "the Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announces that the Company has signed a 36.8 MW PV module sales contract with S.A.G. Solarstrom AG ("S.A.G.") and that it has completed the installation and trial production of an additional 200 MW of annual manufacturing capacity of each of PV polysilicon ingots and wafers, PV cells and PV modules.

36.8 MW Sales Contract with S.A.G.

Yingli Green Energy has entered into a sales contract with S.A.G. , one of the leading manufacturers, independent developers and system integrators in the solar power and solar investment market in Europe. Under the terms of the contract, Yingli Green Energy will supply 36.8 MW of PV modules to S.A.G. from December 2008 to December 2009.

"We initiated our relationship with Yingli Green Energy with a 5 MW contract in 2005, and we are happy to expand our cooperation with this larger agreement," stated Dr. Karl Kuhlmann, CEO of S.A.G.. "The majority of the PV modules to be delivered under this contract are expected to be installed in projects in Germany and other countries in Europe. Given our long history of cooperation, we have developed a solid relationship and mutual trust. Our utmost priority is the sound operating performance of our customers' systems, so we believe that it is essential to source PV products that guarantee system performance. Yingli's brand and high quality products match all of our needs."

"We are pleased to sign this major contract with S.A.G.," commented Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. "The shipment volume under this contract is larger than the total volume we shipped to S.A.G. over the past three years combined. We are pleased to see increasing demand from customers such as S.A.G, and we believe this is one of many positive signals coming out of Germany that indicate a continuation of a strong market in 2009."
Expands Manufacturing Capacity to 400 MW and Reaffirms Plan to Reach 600 MW of Manufacturing Capacity by Mid-2009

Yingli Green Energy successfully completed the installation and trial production of an additional 200 MW of annual manufacturing capacity of each of PV polysilicon ingots and wafers, PV cells and PV modules. The completion comes ahead of the previously announced target of the end of 2008.

"We are pleased to achieve another significant milestone in the history of our company's growth," said Mr. Liansheng Miao. "As a result of solid relationships with equipment suppliers and a concerted effort by our entire team, we are pleased to have reached 400MW of annual manufacturing capacity ahead of schedule. In addition, I am also delighted to confirm that our plan to construct an additional 200MW of annual manufacturing capacity is on track to be completed by mid-2009. Furthermore, we have now contracted substantially all of our estimated PV module output for the remainder of 2008 and have secured more than 90% of our estimated polysilicon requirements for 2008."

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 operate on a stand-alone basis. With 400 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 a limited number of large-scale PV companies in the world to have adopted a vertically integrated business model. Yingli Green Energy currently plans to expand annual production capacity of polysilicon ingots and wafers, PV cells and PV modules 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, South Korea, Belgium, France, China and the United States. For more information, please visit www.yinglisolar.com.

China's polysilicon price to fall with capacity expansion

China's polysilicon price to fall with capacity expansion

Asia Pulse Pte Ltd (2008/9/25)

BEIJING, Sept 25 Asia Pulse - Price of polysilicon, a core material for photovoltaic industry, is expected to decline this year with the expanded production capacity to be released, according to Pingan Securities.

The price of polysilicon has kept on rising in recent year as the supply of polysilicon cannot meet the demand of the expanding solar cell industry. The price have been driven up from 10 to US$20/kg in 2002 to US$450/kg recently.

Polysilicon projects in China have mushroomed in various parts of China.

China plans to build polysilicon facilities with combined production capacity amounting to 88,000 tons, including 44,000-ton production capacity are now under construction.

Analysts from Greatwall Securities predicted that the output of polysilicon in China would arrive at 4,000 tons, 10,000 tons and 30,000 tons in 2008, 2009 and 2010, respectively.

The supply of polysilicon would increase since 2009, thus driving its price down.

According to prediction of Photon International, photovoltaic industry will maintain the increase rate of 30 per cent to 40 per cent in the next five years. The cost for this industry is expected to decline in line with its expansion.

Analysts with Pingan Securities held that polysilicon's price would decline to US$100/kg considering the profit limitation from the photovoltaic industry.

ET Solar signs 1MW dual-axis tracking system contract with Premier Power

25 September 2008

Nanjing, China-based ET Solar Group Corp. has entered into a 1MW dual-axis tracking system contract with Premier Power Renewable Energy, Inc. The tracking systems, which were jointly developed by ET Solar Group and Meca Solar, each boast a peak power of more than 11kW and will be installed at a location close to San Francisco.

ET Solar will send 97 of the systems to Premier Power for completion of the project by the end of 2008. The annual power output is estimated at more than 2 million kWh, which, according to the company, is close to 40% higher than other fixed array installations in the same area. "We are very excited to have our first large-scale tracking system project installed in the San Francisco Bay Area," said Linhui Sui, Vice President and Chief Strategy Officer of ET Solar Group. "We are proud to have the opportunity to work with Premier Power, a quality and leading PV system integrator, on this milestone project. It is an official recognition of our product, service, and engineering capability."

By Síle Mc Mahon

China Solar & Clean Energy Solutions, Inc. Wins Bid on China's Largest Solar Water-Heating Housing Project

BEIJING, Sept. 25 /Xinhua-PRNewswire-FirstCall/ -- China Solar & Clean Solutions Energy, Inc. (OTC Bulletin Board: CSOL) ("CSOL"), a premier manufacturer and distributor of solar water heaters, renewable energy solutions, and space heating devices in the People's Republic of China, announced it has signed a contract to be the sole supplier of solar water-heating systems to the Overseas Chinese Village in Shenzhen City (the"Village"). The contract was awarded on July 1, 2008 to CSOL's subsidiary, Shenzhen Peng Sang Pu Solar Energy Company.

The Overseas Chinese Village is a residential community for overseas Chinese in Shenzhen. It spans over 125 acres and contains a total of 22 high-rise buildings. The Village is believed to be the largest residential project in China to rely completely on solar-heated water. CSOL will be supplying and installing its state-of-the-art solar water-heating systems throughout the residential area. The contract is valued at approximately $3.5 million.

"We are very pleased to have won this contract," commented Du Deli, the CEO of China Solar & Clean Solutions Energy, Inc. "Despite bids from numerous competitors, we won the contract due to our strong reputation among Chinese solar energy experts. Our experience in China's solar water-heating market, as well as our tireless efforts to develop solar energy technology and new products, has earned us the reputation of being China's highest quality producer of solar energy systems. We will continue to pursue similar projects and expect to win more bids in the future."

About China Solar & Clean Energy Solutions, Inc.

China Solar & Clean Energy Solutions, Inc. operates through its wholly owned subsidiaries Bazhou Deli Solar Energy Heating Co. Ltd. ("Deli Solar(Bazhou)"), Beijing Deli Solar Technology Development Co., Ltd. and its 51% ownership in Tianjin Huaneng Group, all located in the PRC. The Company manufactures and distributes hot water and space heating devices to customers in the PRC, in addition to waste heat recovery systems. For more information, please visit http://www.cn-sce.com .

China Sunergy Enters into Sales Agreement with Wuxi Guofei Green Energy Source

Seven-Year Agreement Solidifies Long-term Sales Presence within China

NANJING, China, Sept. 25NANJING, China, Sept. 25 /Xinhua-PRNewswire/ -- China Sunergy Co., Ltd. (Nasdaq: CSUN), a specialized solar cell manufacturer based in Nanjing, China, today announced that it has entered into a seven year sales agreement (the"Agreement") with Wuxi Guofei Green Energy Source Co., Ltd. ("Wuxi Guofei"), a leading Chinese solar energy company.

Under the Agreement, China Sunergy will supply Wuxi Guofei with 10 MW of monocrystalline cells each year, starting from 2009 through 2015, and China Sunergy will receive an advance payment after the signing of the Agreement.

"This represents a significant domestic sales agreement for China Sunergy and secures a long-term demand for our monocrystalline cells," remarked Dr. Ruennsheng Allen Wang, Director and CEO of China Sunergy. "The payment terms of the agreement also provides China Sunergy with additional capital for investment in the continued development of our highly efficient solar cells, helping to ensure our company remains an industry leader in the solar energy sector in the future."

About China Sunergy Co. Ltd

China Sunergy Co., Ltd. (Nasdaq: CSUN) ("China Sunergy") is a leading manufacturer of solar cell products in China as measured by production capacity. China Sunergy manufactures solar cells from silicon wafers utilizing crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect. China Sunergy sells solar cell products to Chinese and overseas module manufacturers and system integrators, who assemble solar cells into solar modules and solar power systems for use in various markets. For more information please visit http://www.chinasunergy.com .

California Water District Goes Solar with Dual-Axis Tracking Systems from ET Solar Group

NANJING, China, Sept. 25 /Xinhua-PRNewswire/ -- ET Solar Group Corp. ("ETSolar"), a Nanjing-based solar power solution provider and integrated manufacturer of photovoltaic products including ingots, wafers, modules, and state-of-the-art dual-axis tracking systems with manufacturing facilities located in Taizhou, China, announced today that its dual-axis tracking systems have been installed and grid-connected at the Delano-Earlimart Irrigation District (DEID) in Southern California.

DEID is situated in southern Tulare County and northern Kern County along the eastside of the San Joaquin Valley in California. The DEID serves over 400 landowners on a total of 56,500 acres of land. This 22 kWp project, consisting of two ET-D80 tracking systems, is located at the DEID's headquarter and is expected to supply 95 percent of the annual energy needs of the District's headquarters.

These dual-axis tracking systems were jointly developed by ET Solar Group and Meca Solar, one of the top tracking system manufacturers in Europe. Each system has a peak power of 11 kilowatt and is controlled by an astronomical program to track the sun. With the dual-axis tracking systems, annual power output of solar systems can be up to 40% higher than fixed-array installations.

Linhui Sui, CEO of ET Solar USA, commented: "We are very delighted to launch our first tracking system project with the Delano-Earlimart Irrigation District, which represents a huge, potential market for future solar power projects in California. We believe that this first installation of dual-axis tracking systems will be the beginning of meeting the needs of those who are pursuing economic, renewable energy solutions to avoid ever rising electricity bills."

Dale Brogan, DEID General Manager, commented: " This is an exciting, cutting edge project and we are very proud to be the first to utilize the ETSolar dual-axis tracking system in the nation. This solar project represents our first step in the production of solar energy, and we are excited about the prospects of expanding the use of this technology to meet our broader energy needs in the District."

While the ET Solar dual-axis tracking systems may be new to the United States, the technology is not. Over 60 megawatts of solar projects have been installed in Europe over the past 5 years utilizing similar technology. ETSolar adapted the well-tested tracking systems to meet the North American electrical code. This DEID project is the first time ET Solar introduced such tracking systems to the American market. ET Solar also supplied solar modules to this project. The inverters are supplied by Fronius USA.

About ET Solar

ET Solar is an integrated solar component manufacturer and a solar power solution provider. Headquartered in Nanjing, China, ET Solar has two manufacturing facilities in Taizhou, China. The company's diversified products range from mono- and multi-crystalline ingots, silicon wafers, modules, dual-axis tracking systems to BIPV products. ET Solar maintains an extensive global distribution and service network and has been implementing sales through a combination of extensive direct sales and global distribution. Marketing and after-sales services throughout Germany, Italy, Spain, the United States and Korea strive to ensure its products are readily accessible in the world's major solar markets. With a concerted effort to supply its customers with tailor-made modules for customer specific requirements, ETSolar provides pro-active solutions for everyone's solar energy needs.

ABB wins $36-million solar power order in China

Thursday, Sep 25, 2008

Systems and equipment for Asia's largest solar products production plant

Zurich, Switzerland, Sept. 25, 2008 - ABB, the leading power and automation technology group, has won a contract with LDK Solar worth more than $36 million to supply electrical systems, equipment and related engineering and project management services for a new production plant in Xinyu City, China.

When completed, the facility in Jiangxi province will be Asia's largest polysilicon plant, with an annual capacity of 15,000 metric tons. Polysilicon is used in the production of monocrystalline and multicrystalline solar wafers, the principal raw material used to produce the solar cells that convert sunlight into electricity.

As the main electrical contractor (MEC) for the project, ABB will provide equipment and services for the electrification of the plant to ensure a safe, reliable supply of power. The scope of supply includes low and medium voltage switchgear, distribution transformers and fully insulated tubular busbars, as well as project design, engineering and other services.

"ABB's power and process know-how, combined with our unparalleled scope of supply, provide the comprehensive approach needed to serve as the Main Electrical Contractor for our customers," said Veli-Matti Reinikkala, head of ABB's Process Automation division. "Our delivery to LDK will ensure consistent, reliable power for their new production plant."

The first production line of the new plant is scheduled for completion in the fourth quarter of 2008, and 5,000 to 7,000 metric tons of polysilicon are expected to be produced in 2009.

LDK Solar Co. Ltd., is a leading manufacturer of multicrystalline solar wafers, and sells wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact.

The ABB Group of companies operates in around 100 countries and employs more than 115,000 people.

Thursday, September 25, 2008

LDK Solar Closes Sale Of 4.8M Shrs At $41.75 Each

September 24, 2008

LDK Solar this afternoon said it completed the sale of 4.8 million American depositary shares at $41.75 a piece, for total proceeds to the company of $192,384,000. The deal had been priced on Friday. LDK said it will use 60% of the proceeds to fund construction of its polysilicon plant, 30% to fund the expansion of wafer production and 10% for general corporate purposes.

Unfortunate timing for the participants in the deal: LDK today rose $1.50, or 4.3%, to $36.42, after trading sharply lower in the previous two sessions. Investors who bought in at the deal price are sitting on a loss of $5.33 a share, or nearly 13%.

Fengfan, Amelio Solar plan a-Si project in China

BAODING, Sep 24, 2008 (SinoCast via COMTEX) -- Baoding-based Fengfan Co., Ltd. (SHSE: 600482) says today that it and US-based Amelio Solar, Inc. will form a 75-25 photovoltaic solar joint venture with registered capital of USD 10 million, for a planned amorphous thin-film silicon cell project in Baoding City, Hebei Province, North China, in line with an agreement signed on September 19.

With a total investment of USD 15 million, Phase I of the project is designed to be capable of producing 5 megawatts of cells per year and would need a year for construction. It is predicted to have annual sales revenue of CNY 100 million after operation.

Besides, the project is expect to expand the capacity to 25MW in 2010 and finally to 100MW in the future. And the US company will provide technology for the project for free.

Fengfan is engaged in the R&D, production and sales of lead-acid storage batteries. Amelio Solar produces thin-film photovoltaic modules and module manufacturing facilities.

CTDC Announces Agreement to Raise $1,500,000 Through Private Placement of Common Equity

HONG KONG, Sep 24, 2008 (GlobeNewswire via COMTEX) -- China Technology Development Group Corporation ("CTDC" or "the Company"), a provider of solar energy products and solutions in China focusing on a-Si thin-film technology, today announced that it has executed a Securities Purchase Agreement ("the agreement") to raise $1,500,000 in a private placement of common stock and warrants with several U.S. institutional accredited investors.

Under the agreement, CTDC will issue 498,338 shares of its common stock at the price of $3.01 per share with 50% warrant coverage at exercise price of $6.00 per share through a private placement. The warrants will have a five-year term following the closing of this transaction. The Company intends to use the proceeds from the financing to prepare for the manufacturing band expansion of the SnO2 solar base plates as well as for working capital and general corporate purposes. For all details of the offering, please visit Company's SEC Filings of the 6K, http://www.nasdaq.com/asp/quotes_sec.asp?selected=CTDC&symbol=CTDC, filed by 9:00 a.m. EDT on Wednesday, September 24, 2008.

This press release is not an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The shares sold in the private placement and the shares issuable upon the exercise of the related warrants have not been and will not be registered under the Securities Act of 1933, as amended, or state securities laws, and may not be offered or sold in the United States without being registered with the Securities and Exchange Commission ("SEC") or through an applicable exemption from SEC registration requirements. The shares and warrants were offered and sold only to institutional and accredited investors.

About CTDC:

CTDC is a provider of solar energy products and solutions in China focusing on a-Si thin-film technology. CTDC's ultimate principal shareholder is China Merchants Group ( http://www.cmhk.com), one of the biggest state-owned conglomerates in China. For more information about CTDC, please visit our website at http://www.chinactdc.com

Yingli Green Energy will Supply PV Modules to Largest University Campus Solar Energy Facility in the United States

BAODING, China, Sep 24, 2008 (BUSINESS WIRE) -- Yingli Green Energy Holding Company Limited ("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 SunDurance Energy, LLC ("SunDurance"), which develops, designs and builds large-scale solar energy facilities for private and public entities in the United States. Pursuant to this agreement, Yingli Green Energy has agreed to supply an aggregate of 1.4 MW of PV modules to SunDurance from December 2008 to January 2009, which will be used for a solar power plant under construction on the Livingston Campus of Rutgers University.The $10 million solar farm project will be financed by Rutgers University and the Clean Energy Program of the New Jersey Board of Public Utilities.

According to Rutgers University, this project will be largest campus solar energy facility in the United States, and is expected to generate approximately 10 percent of the electrical demand for the Livingston Campus while reducing the university's carbon dioxide emissions by more than 1,200 tons per year.

"We are very pleased to be working with Yingli Green Energy on the Rutgers University project," said Al Bucknam, Chief Executive Officer of SunDurance Energy. "Yingli's products meet the demanding performance requirements of this project and the module design enables a more space-efficient layout."

"We are pleased to work with SunDurance and to be a part of Rutgers University's efforts to bring environmentally sound practices to higher education," commented Mr. Robert Petrina, the Business Development Manager of Yingli Green Energy."I believe solar power will play an increasingly important role in the energy generation mix of the United States, and this project and our relationship with SunDurance highlights our commitment to the U.S. market."

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 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 a limited number of large-scale PV companies in the world to have adopted a vertically integrated business model. Yingli Green Energy currently plans to 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, South Korea, France, China and the United States. For more information, please visit www.yinglisolar.com.

Trina Solar to Power North America's Largest Single Rooftop Installation

CHANGZHOU, China, Sept 24, 2008

Xinhua-PRNewswire-FirstCall via COMTEX/ -- Trina Solar Limited (NYSE: TSL; "Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, founded in 1997, today announced that shipments began this month to provide more than 13,400 solar PV modules to power the Atlantic City Convention Center ("ACCC"). This supply comes as part of a signed agreement with general contractor American Capital Energy, who is managing project integration and installation for Pepco Energy Services and the Atlantic City Convention & Visitors Authority ("ACCVA"). The agreement provides for up to four additional megawatts ("MW") to be supplied during 2009.

Once complete, the ACCC project will be North America's largest single roof-mounted solar array, with approximately 185,000 square feet of solar panels for a system size of approximately 2.4 MW. The system is expected to generate over 2.8 million kilowatt-hours of energy per year, or enough to power 280 US homes. The system is being developed under a 20-year Power Purchase Agreement with Pepco Energy Services, a subsidiary of Pepco Holdings, Inc., and will provide the ACCC with energy savings of $4.4 million over 20 years.

"We are very pleased that Trina Solar modules were chosen for this landmark roof-mounted system," stated Jifan Gao, Trina Solar's Chairman and Chief Executive Officer. "We are delighted to work with a proven solar system developer such as American Capital Energy as we enter this key growth market to provide efficient, clean solar energy in the years ahead."

Tom Hunton, President of North Chelmsford, Massachusetts based American Capital Energy, remarked, "Trina Solar is our preferred provider on this project due to their ability to deliver a superior product on time and within budget. We look forward to working with them as a key partner on this and future projects as more large organizations recognize the quantifiable return on investment a commercial-scale solar implementation offers."

About Trina Solar Limited

Trina Solar Limited is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that has developed a vertically integrated business model from the production of monocrystalline and multicrystalline ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.com .

About American Capital Energy

American Capital Energy provides full-service solar energy project integration and installation for large commercial enterprises. The company is committed to furthering the utilization of solar energy by America's most forward-thinking companies by offering customized turnkey solar systems designed for long term performance and verifiable return on investment. Interested media may contact Richard Schineller at +1(941)780-8100 or rich@prmgt.com. For more info, visit http://www.americancapitalenergy.com .

Yingli Green Energy's Principal Operating Subsidiary Named "China Environmental Friendly Enterprise"

BAODING, China, Sep 24, 2008 (BUSINESS WIRE) -- Yingli Green Energy Holding Company Limited ("Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced that its principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co., Ltd., has been awarded the title "China Environmental Friendly Enterprise" by China's Ministry of Environmental Protection.

The award recognizes Chinese companies with outstanding achievements in discharge control, resource conservation, industrial waste recycling and disposal, environmental management system construction and environment friendly products manufacturing.

"We are honored to receive this title together with five other companies in 2008, which we believe is a recognition of our continued efforts to be a successful and socially responsible company," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "In addition to manufacturing products which provide clean energy, our efforts to develop more efficient and environmentally friendly manufacturing processes have provided us with both economic rewards and lowered environmental impact. On behalf of the Company, I wish to congratulate our technicians and other team members and thank them for their contributions to making Yingli Green Energy a socially and environmentally conscious manufacturer."

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 a limited number of large-scale PV companies in the world to have adopted a vertically integrated business model. Yingli Green Energy currently plans to 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, Korea, France, China and the United States. For more information, please visit www.yinglisolar.com.

ANU, Chinese scientists to make cheap solar energy

Posted Wed Sep 24, 2008 1:35pm AEST Updated Wed Sep 24, 2008 3:20pm AEST

Scientists from the Australian National University are working with Chinese researchers to make solar power technology more affordable for households.

The new solar panels are being developed by the ANU's Centre for Sustainable Energy Systems in conjunction with scientists from the Tianjin University in China.

ANU project leader Professor Andrew Blakers says the new roof-mounted solar power system will be much cheaper than existing technology.

"Traditionally these kinds of systems have been built with expensive, specialist concentrator cells," he said.

"We'll be modifying and upgrading commercially available non-concentrator solar cells which should result in major savings.

"We'll also be developing more efficient techniques to reduce the influence of moving shadows which have the potential to eat into the amount of energy being generated."

The ANU's Dr Igor Skryabin says their Chinese counterparts are eager to get started.

"Their team in China is willing to extend this collaboration and it will involve the exchange of students, lectures and a broad range of educational activities," he said.

"So there are many opportunity for us and our partners."

Jetion eyes North America

By David Blackwell
Published: September 23 2008 03:00 Last updated: September 23 2008 03:00

The addition of two production lines following flotation on Aim in the summer of last year helped Jetion, which makes solar cells in China's Jiangsu province, lift first-half turnover from $38.6m to $100.7m (£55m).

The company, which exports more than 80 per cent of its output to Europe, hopes to start selling in North America next year.

Pre-tax profits for the six months to June 30 were $12.1m, up from $2.8m.

The shares - pitched at 151p for the IPO, which raised £30m - closed up 1p at 79p. The company said it was considering further expansion .David Blackwell

Saturday, September 20, 2008

LDK Wants $200M More for Manufacturing

The Chinese solar-wafer company said it would offer additional American depositary share, after raising $400 million in convertible notes in April, to build its planned silicon plants and expand wafer production.

by: Jennifer Kho September 19, 2008

LDK Solar Co. Ltd. (NYSE: LDK) announced Friday it plans to sell $200.4 million in American depositary shares to raise more money for manufacturing.

The Xinyu City, China-based solar-wafer manufacturer said it would offer 4.8 million American depositary shares at $41.75 each. In filings with the U.S. Securities and Exchange Commission, the company didn't disclose how much it expects to net from the sale.

LDK said it plans to use approximately 60 percent of the net proceeds to build a silicon-manufacturing plant, approximately 30 percent to expand its wafer-production capacity and the final 10 percent for "general corporate activities."

The company is constructing two silicon factories – a 1,000-ton plant and a 15,000-ton plant – and in April already raised $400 million to build the plants and support a planned wafer-capacity expansion.

The company, which said it has grown its multicrystalline solar-wafer production capacity from 880 megawatts in June to 1 gigawatt in August, expects to reach an annual capacity of approximately 1.1 gigawatts by the end of the year and 2 gigawatts by the end of next year. LDK also plans to begin producing monocrystaline wafers, which convert sunlight into electricity more efficiently than multicrystalline wafers, in the fourth quarter of this year and to reach about 100 megawatts of annual capacity by the end of 2008 and 200 megawatts by the end of 2009.

At that time, Hakan Telenius, organizer of the LDK Investor Group, said he expected the money would be sufficient for the rest of 2008, and that the company "would only raise more if they were not able to deliver on 2009 numbers."

LDK, which was founded in 2005 and made an initial public offering last year, didn't respond to calls and emails asking why it needs more money to complete its plants or whether it expects a delay.

But in an SEC filing, the company said its estimated total cost to build the polysilicon plant (made up of two factories in the same location) is approximately $1.3 billion.

The company in April said it planned to spend $1.2 billion on its first two silicon plants, along with $600 million to expand its wafer production.

At the time, LDK said it would finance the bulk of the cost through its operations, including expected net profits of $200 million in 2008 and $400 million in 2009, as well as about $1 billion in expected customer deposits for long-term wafer contracts for this year and next year.

The company expected a shortfall of at least $200 million, which investors hoped would be more than satisfied by the $400 million it raised in April.

In July, LDK announced that it had completed the first phase of construction on its smaller silicon plant and was on track to begin production by October. But it still was awaiting more equipment to complete the plant, which it expected to happen at the end of the year.

It also planned to complete the first phase of its larger silicon plant by the end of this year.

In a research note in June, Piper Jaffray analyst Jesse Pichel wrote that he remains "cautious on LDK's ability to ramp its polysilicon plant on time," although he expected the company could achieve 16,000 metric tons of capacity in 2009.

According to an SEC filing Friday, LDK still expects to complete the equipment installation at its 1,000-ton plant and to have it operational by the end of the year.

At its 15,000-ton plant, the company plans to complete equipment installation for an annual capacity of 6,000 metric tons by the end of this year, but said it would not begin production at the plant until 2009. In spite of the installation, LDK only expects 5,000 metric tons of capacity to become operational in the first half of next year, said the filing.

"We do not expect to produce any significant quantities of polysilicon prior to 2009," according to the prospectus.

USB AG and Goldman Sachs LLC are underwriting the latest offering.

Trina Solar, Gestamp Asetym To Open Spanish PV Plant

September 19, 2008 (FinancialWire) -- Trina Solar Ltd. said it has inaugurated a 26 megawatt photovoltaic plant, consisting of an installation, which uses primarily PV modules manufactured by Trina Solar, in Fuente Alamo, Murcia, in the south-east of Spain. The project has been carried out by Spain-based Gestamp Asetym Solar SA, a provider of solar systems.

Under the deal, Trina Solar supplied twenty megawatts of mono and multicrystalline solar modules of the total 26 MW required for the project as part of the long-term arrangement between both companies. The PV plant consists of three phases, including Fuente Alamo I, of 8MW, Fuente Alamo II, of 8MW and Fuente Alamo III, of 10 MW. The phases are installed on a total of 62 square hectares of rural land.

The 26 MW PV system will produce 44,000 megawatt hours per year, which equals the electric consumption of 13,000 homes and will avoid 15,000 tons of CO2 emissions to the atmosphere.

Wednesday, September 17, 2008

Suntech breaks ground on new solar-cell production fab

16 September 2008

Suntech has broken ground on a new solar photovoltaics cell production facility in Yangzhou, Jiangsu province, China. The company says it plans to finish the factory and bring its 300-MW cell production capacity online by the end of 2009, boosting its total manufacturing capacity to 1.4 GW.

The new PV cell fab is close to one of Suntech's strategic silicon-wafer supply partners, Shunda Holdings, which the company says will enable it to realize production and operational synergies that are expected to accelerate Suntech's cost-reduction initiatives and path to grid parity.

"With Suntech's rapidly growing international reputation for quality and excellence in solar manufacturing, we are in a prime position to grow our customer base and market share," said Zhengrong Shi, Suntech's chairman/CEO (shown at left). "The Yangzhou facility will provide Suntech with room to meet our capacity expansion target of 2 GW by year end 2010 and enable us to meet the world's burgeoning demand for solar energy."

In May, Suntech announced a 13-year wafer supply agreement with a subsidiary of Shunda, in which the silicon unit will provide Suntech with specified annual volumes of wafers totaling approximately 7 GW over the course of the deal (2008-2020).

"The colocation with Shunda's polysilicon plant and wafering facilities will enable a virtual integration of the solar value chain, from polysilicon to solar panel, supporting our move to providing cost-effective solar solutions," noted Shi.

Over the past few months, Suntech has inked several multiyear supply deals with various polysilicon and wafer producers, including DC Chemical, GCL Silicon, and PV Crystalox, and has also purchased a minority stake in poly manufacturer Nitol.

Tianwei Commits to Additional $227 Million of Polysilicon From Hoku

POCATELLO, ID and CHENGDU, CHINA, Sep 16, 2008 (MARKET WIRE via COMTEX) -- Hoku Materials, Inc., a wholly owned subsidiary of Hoku Scientific, Inc. established to manufacture and sell polysilicon for the solar market, and Tianwei New Energy (Chengdu) Wafer Co., Ltd., a subsidiary of Tianwei New Energy Holdings Co., Ltd. that manufactures silicon wafers, photovoltaic cells, and modules in China, today announced the signing of a second long-term contract for Hoku's sale and delivery of additional quantities of polysilicon to Tianwei over a ten-year period beginning in the second quarter of 2010.

According to the contract, up to approximately $227 million may be payable to Hoku during the ten-year period, subject to product deliveries and other conditions. Together with the first contract, this brings Tianwei's total orders from Hoku to approximately $511 million over ten years. The take-or-pay contract provides for the delivery of predetermined volumes of polysilicon each year, with the first shipment in the second quarter of 2010 and the remainder over a ten-year period at set prices that will decline throughout the term of the agreement. The contract also provides for a deposit of $10 million to Hoku in September 2008, and requires that Tianwei make additional deposits for products in the amount of $12 million by December 15, 2008, $12 million by April 30, 2009, and $2 million upon first shipment. Under the agreement, Hoku will grant to Tianwei a security interest in all of its tangible and intangible assets related to its polysilicon business to secure Hoku's obligation to repay $36 million to Tianwei as a credit against product shipments over time.

"We strive to develop solid relationships with suppliers who we view as long-term strategic partners for our mutual growth and success," said A. Guo, Tianwei's general manager. "Hoku shares this long-term view, and we are pleased to further solidify our relationship by placing this second order."

"Tianwei New Energy demonstrates an entrepreneurial spirit, and is backed by the strength of the Tianwei Group, an established leader in the power transmission equipment market in China," said Dustin Shindo, chief executive officer of Hoku Scientific, Inc. "Tianwei is an ideal long-term partner for Hoku, and we were happy to accept their second order."

With the $36 million in additional prepayments from Tianwei, Hoku has secured an aggregate of $306 million in prepayment commitments from its customers, including Suntech, Solarfun, Kinko Energy, and Wealthy Rise (Solargiga). These prepayment commitments will be paid to Hoku based on the terms of the respective agreements that Hoku has with each of its customers. Hoku previously reported its own cash contribution to the plant as $47 million. Combining the new total of $306 million in customer prepayment commitments with Hoku's cash contribution of $47 million brings the total committed project funding to approximately $353 million.

Shindo commented, "Considering the additional prepayments from our new contract with Tianwei and the anticipated timing of prepayment receipts from our other customers, we believe we have secured sufficient funding to keep the procurement and construction of our polysilicon plant on track through the first quarter of 2009, without the need to raise additional capital from financing in 2008. Nevertheless, we will continue evaluating market conditions to determine the best time to raise additional project funds that will be needed in 2009 through debt and/or equity."

Hoku previously reported that it was evaluating ways to increase the effective capacity of its facility beyond 3,500 metric tons of polysilicon production. Hoku recently finalized and obtained the necessary air permits from the State of Idaho to operate its plant at 4,000 metric tons of capacity.

Regarding capacity, Shindo noted, "This new contract with Tianwei increases Hoku's total allocated production output beyond 3,500 metric tons, but less than the 4,000 metric ton limit, which we have confirmed as the forecasted production output for our polysilicon plant. To enable this increase in our production capacity, we have previously designed our trichlorosilane production plant, vent gas recovery system, and select other infrastructure items to accommodate additional production output beyond 3,500 metric tons per year. We expect that continued progress on project development will help us refine our estimated construction and procurement costs. With improved visibility on forecasted expenses, and with the incremental increase in planned production capacity, we are evaluating any associated increases in total project costs. That said, we believe that the increase in planned production output from 3,500 to 4,000 metric tons per year will not require the purchase of any additional polysilicon reactors, trichlorosilane production equipment, or vent gas recovery equipment."

Tuesday, September 16, 2008

330KW Solar Power Plant Went Grid on in Ning'xia

The first grid on solar power plant in Ningxia started to run on September 15th.

Ningxia is rich in solar energy, in order to make full use of the solar energy Ningxia is promoting the solar energy industry.

Ningxia Power Group began to build this demonstration solar power plant project in April, and the total investment is about 22,390,000 RMB, and the 330KW power plant will generate 680,000 KW power annually.

1MW solar power plant begins commercial operation in Shanghai

The biggest pilot solar power plant project in China, Shanghai Lin'gang Solar Power Demonstration project began to commercially operate on September 13th.

The project capacity is 1080KW, and the annual power output will be over 1 million KWs.

Sunday, September 14, 2008

China's Trina Solar signs 2-year sales agreement with Invictus in Belgium

September 12, 2008: 10:11 AM EST

NEW YORK (Associated Press) - Trina Solar Ltd., a Chinese solar photovoltaic products manufacturer, said Friday it has reached a two-year agreement to sell 50 megawatts of solar modules to Belgium-based Invictus NV.

Trina's subsidiary, Changzhou Trina Solar Energy Co. Ltd., will sell Invictus 20 megawatts of product in 2009 and 30 megawatts in 2010 at predetermined prices. There also is an option to sell Invictus an additional 10 megawatts of product each year.

Financial terms of the agreement were not disclosed.

The Changzhou, China-based company said it has now sold about 70 percent of its estimated 2009 target of 450 megawatts of products.

Trina manufactures solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules.

LDK Solar to process silicon into wafers for German solar cell manufacturer Q-Cells AG

September 12, 2008: 10:22 AM EST

NEW YORK (Associated Press) - LDK Solar Co. Ltd. said Friday it has signed an 11-year agreement with Q-Cells AG of Germany to process solar-grade silicon into wafers.

LDK, based in Xinyu City, China, said it will process at least 20,000 metric tons of solar grade silicon provided by Q-Cells between 2008 and 2018 with an option to process an additional 21,000 metric tons in the same decade.

The agreement is part of a memorandum of understanding that calls for LDK Solar to supply the German company with up to five gigawatts of multicrystalline solar wafers between 2009 and 2018.

LDK manufactures and sells multicrystaline solar wafers, the main raw materials used to produce solar cells. Q-Cells AG of Bitterfeld-Wolfen is a leading manufacturer of solar cells.

Thursday, September 11, 2008

Argus thin film solar cell project broke ground in Henan, China

September 10th 2008, Argus (USA) thin film solar cell project broke ground in Zhengzhou, Henan.

The initial investment is 60 million USD, and the first phase project is 30MW, the thin film solar cell will be exported to Europe and America. The total production capacity will be expanded to 150MW within 5 years.

Saturday, September 6, 2008

LDK Solar enters into 8-Yr contract with Sumitomo to supply multicrystalline solar wafers

9/5/2008 3:31 AM ET

(RTTNews) - Friday, LDK Solar Co. Ltd. said it signed an eight-year contract with Japan- based Sumitomo Corp. to supply multicrystalline solar wafers to a manufacturer of solar cells and modules in Japan.

As per the agreement, LDK Solar will deliver around 750 MW of multicrystalline silicon wafers to Sumitomo over an eight-year period, beginning in 2009 and extending through 2016. Sumitomo will make an advanced payment representing a portion of the contract value to LDK Solar.

Yingli Green Energy Announces 16 MW Sales Contract with Fire Energy, S.L. in Spain

BAODING, China, Sep 04, 2008 (BUSINESS WIRE) -- Yingli Green Energy Holding Company Limited ("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 Fire Energy, S.L. ("Fire Energy"), a Spanish PV system integrator and PV devices distributor.

Under the terms of the contract, Yingli Green Energy is expected to supply a total of 16 MW of PV modules to Fire Energy from January 2009 to December 2009.

"We are pleased to announce the 16 MW sales contract with Fire Energy in Spain which is the second transaction between the two companies," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We believe that even with the lowered feed-in-tariffs in Spain, which we expect to take effect later this year, the return on investment in the Spanish PV market will remain highly attractive as Spain has one of the highest levels of annual sunshine radiation in Europe. We continue to see strong demand in the Spanish PV market for high quality PV products. We believe that this transaction with Fire Energy is a result of the positive outlook for the Spanish PV market, the favorable assessment of our product quality and the recognition of our brand reputation. We also believe that our accredited track records and the growing awareness of the reliability and efficiency of our PV modules will help us sustain our market position not only in Spain, but also the global community."

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 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 a limited number of large-scale PV companies in the world to have adopted a vertically integrated business model. Yingli Green Energy currently plans to expand annual production capacity in each 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, South Korea, France, China and the United States. For more information, please visit www.yinglisolar.com.

LDK Solar signs $32M contract with GT Solar

Associated Press 09.04.08

NEW YORK - LDK Solar Co. said Thursday it has inked a $32 million contract with GT Solar International Inc. for polysilicon CVD reactors to install in its Xinyu City, China, facility.
The reactors are used to make polysilicon, a highly purified form of silicon used to make semiconductor wafers for microelectronics applications and solar wafers.

"As the demand for solar energy continues to grow, so does our need to increase and accelerate our manufacturing capacity," Xiaofeng Peng, LDK Solar's chairman and chief executive, said in a release. "With GT Solar's reactor and DSS furnace technologies and expertise, we feel confident that we will be able to meet our rising production goals."

China`s Suntech to invest US$300 mln in solar energy in Indonesia

Jakarta (ANTARA News/Asia Pulse) - Chinese energy company Suntech Power Holding Co. Ltd said it had set aside US$300 million for solar energy development in Indonesia.

The funds would be used to set up a number of marketing offices and assembly plants and to establish distribution networks, Suntech vice president Ting Lei told the newspaper Investor Daily.

Suntech hopes to bring to reality the plan through phases starting next year, using photovoltaic cell technology to convert solar energy into electric energy, Lei said. Solpower Group Pte Ltd, the distributor for Suntech products in this region, said Suntech would generate electricity in areas not yet covered by state-owned electricity company PLN.

Source:Business in Asia Today - Sept. 4, 2008

Canadian Solar and GCL Silicon Announce Supply Contracts

TORONTO, Sept. 3 /Xinhua-PRNewswire/ -- Canadian Solar Inc. ("the Company","CSI" or "we") (Nasdaq: CSIQ) and GCL Silicon Technology Holdings Inc. ("GCLSilicon") today reported that on August 21, 2008 they signed new long-term supply agreements in which GCL will supply 510 MT of high-purity poly-silicon feedstock in 2008 and 2009 and approximately 1.8 GW of wafers to CSI from 2010 to 2015.

Dr. Shawn Qu, Chairman and CEO of CSI, commented, "GCL Silicon is among the fastest-growing poly-silicon companies and an emerging leader in poly-silicon manufacturing. We have witnessed their ability to ramp up their operations first-hand and we are very pleased to have GCL Silicon as astrategic supply partner. These two contracts help us to further secure our supply chain with strong suppliers at favorable long-term contract prices. The competitive pricing for these recently signed contracts demonstrates that our high growth and balanced supply strategy coupled with our strong supplier relationships are paying off with lower materials costs going forward. We expect this trend to continue with an improved supply environment in 2009 and beyond.

Mr. Hunter Jiang, CEO of GCL Silicon commented, "CSI is one of the world leaders in the solar cell and module producing space, with a strong reputation for superior quality and product innovation. We are very pleased to have become a poly-silicon and wafer supplier to CSI. We view CSI as an important strategic partner and look forward to developing a close relationship with them and are committed to expanding our poly-silicon and wafer production capacity to meet the growing demands of customers such as CSI."

About Canadian Solar Inc. (Nasdaq: CSIQ)

Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar cell, solar module and custom-designed solar application products serving customers worldwide. CSI is incorporated in Canada and conducts all of its manufacturing operations in China. Backed by years of experience and knowledge in the solar power market and the silicon industry, CSI has become a major global provider of solar power products for a wide range of applications. For more information, please visit http://www.csisolar.com .

About GCL Silicon

GCL Silicon Technology Holdings Inc. (GCL Silicon) supplies poly-siliconand wafers to companies operating in the solar industry. The company currently operates a poly-silicon production facility in Xuzhou, JiangsuProvince in China.

LDK Solar Signs Wafer Supply Agreement with Solartech Energy Corp

XINYU CITY, China and SUNNYVALE, Calif., Sept 03, 2008 /PRNewswire-FirstCall via COMTEX/ -- LDK Solar Co., Ltd ("LDK Solar") , a leading manufacturer of solar wafers, announced today that it has signed a five-year contract to supply multicrystalline solar wafers to Taiwan-based Solartech Energy Corp. (Solartech).

Under terms of the agreement, LDK Solar will deliver approximately 550 MW of multicrystalline silicon wafers to Solartech over a five-year period, commencing in 2009 and extending through 2013. Solartech will make an advanced payment representing a portion of the contract value to LDK Solar.

"We are pleased to expand our long-standing relationship with Solartech with this additional contract," Xiaofeng Peng, Chairman and CEO of LDK Solar. "Having worked with Solartech since the company became one of our early customers; we look forward to continuing to support their expansion in the solar market."

"We are excited to strengthen our wafer supply pipeline with this additional agreement with LDK Solar," stated Charles C. Chang, President of Solartech. "LDK has been a valued partner to us as we have continued to expand our production capacity."

About LDK Solar

LDK Solar Co., Ltd. is a leading manufacturer of solar wafers, which are the principal raw material used to produce solar cells. LDK Solar sells wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. In addition, LDK Solar provides wafer processing services to solar cell and module manufacturers. LDK Solar's headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. Its office in the United States is located in Sunnyvale, California.

About Solartech

Founded in June 2005, Solartech Energy Corp. (Solartech) was established on the premise of creating a sustainable business that also provided green energy to the world. Solartech currently has 200 employees and R&D experts in solar cell technologies who are involved in the business of research, development, and manufacturing of high efficiency solar cells. Solartech has been equipped with a fully automated production line which currently has an annual production capacity of 60 MW but will be expanded from 60 MW to 180 MW in 2008. Solartech plans to reach its capacity beyond 1GW per year by 2014. With enterprising and pioneering spirit, Solartech strives to provide clean power to the world by expanding its services that facilitate the growth and expansion of photovoltaic projects while ensuring high quality products and developing cutting-edge technologies.

LDK Solar Reaches 1GW Goal

LDK Solar recently announced reaching the milestone of 1.0 gigawatts (GW) annual production capacity at its solar wafer production facility.

"We are proud to reach this significant milestone and remain confident in our ability to expand to 1.2 GW wafer capacity by the end of 2008. This achievement demonstrates our continued commitment to becoming the largest and lowest cost wafer producer in the solar industry," Xiaofeng Peng, Founder, Chairman and CEO of LDK Solar, said.

LDK Solar's 1.0 GW production capacity is in line with the company's publicly announced plans to reach a target annualized wafer production capacity of up to 1.2 GW by the end of 2008, 2.2 GW by the end of 2009 and 3.2 GW by the end of 2010.

Yingli Green Energy Subsidiary Signs Five-Year US$50 Million Credit Facility Agreement with DEG and FMO

BAODING, China, Sep 02, 2008 (BUSINESS WIRE) -- Yingli Green Energy Holding Company Limited ("Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced that Baoding Tianwei Yingli New Energy Resources Co., Ltd ("Tianwei Yingli"), the Company's principal operating subsidiary, has entered into a five-year credit facility agreement with DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH ("DEG") and the Netherlands Development Finance Company ("FMO").

Under the agreement, DEG and FMO have agreed to lend Tianwei Yingli up to an aggregate of US$50million to support Tianwei Yingli's capacity expansion, subject to certain conditions. The loans will be guaranteed by Yingli Green Energy and will carry an interest rate of LIBOR plus 3.0%, with outstanding principal payable in eight bi-annual installments from March 2010 to September 2013.

"Climate protection has been an important issue for DEG since the mid-1990s," said Mr. Winfried Polte, Chairman of the Board of Management of DEG. "We are proud to support Yingli Green Energy as a company distinguished by exceptional expertise and a proven track record in the solar energy industry. In addition, Yingli Green Energy's capacity expansion will create thousands of new jobs in China thereby contributing to economic growth in this rapidly developing economy."

"FMO is strongly committed to renewable energy projects," said Mr. Arthur Arnold, Chief Executive Officer of FMO. "Energy is central to economic and social development and essential to fighting poverty in emerging markets. Therefore we are pleased to contribute to the rapid growth of the solar energy market worldwide by financing Yingli Green Energy's expansion of production capacity in China."

"We are pleased to have been selected to receive financing from DEG and FMO, two well-known financial institutions that specialize in providing long term financing to support socially and environmentally friendly companies in developing countries," commented Mr. Zongwei Li, Chief Financial Officer of Yingli Green Energy. "The strong commitment of DEG and FMO to our growth strategy not only strengthens our ability to expand our vertically integrated manufacturing capacity, but also enhances our debt structure by enabling us to shift to longer term indebtedness.

"We believe this financing demonstrates DEG and FMO's confidence in our business strengths and leadership position, as well as recognizes our status as a good corporate citizen. As a leading green energy company, we not only focus on developing our own business to provide returns to our shareholders, but also aim to make lasting contributions to society and the environment through job creation, appropriate working conditions and valuable technical training, as well as adherence to internationally accepted environmental protection standards and research and development efforts to create innovative energy efficient manufacturing processes."

About DEG

DEG, a member of the KfW Bankengruppe (KfW Banking Group), finances investments in companies in developing and transition countries. As one of Europe's largest development finance institutions, it promotes private business structures that contribute to sustainable economic growth and improved living conditions.

About FMO

FMO is the international development bank of the Netherlands and one of the largest bilateral development banks worldwide with an investment portfolio of approximately 3.5 billion. FMO invests risk capital in companies and financial institutions in developing countries with the goal of creating flourishing enterprises that can serve as engines of sustainable growth in their home countries.

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 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 a limited number of large-scale PV companies in the world to have adopted a vertically integrated business model. Yingli Green Energy currently plans to 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, South Korea, France, China and the United States. For more information, please visit www.yinglisolar.com.