Tuesday, October 7, 2008

Yingli Green Energy and EN-NEO Enter into Supplementary Contract for Sales in 2009

BAODING, China, Oct 06, 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 supplementary contract ("New Contract") to the sales contract disclosed on June 5, 2008 ("Original Contract") with EN-NEO NEUE ENERGIEN GmbH ("EN-NEO"), one of the leading specialists in PV energy projects worldwide. Under the Original Contract, Yingli Green Energy agreed to supply 9.19 MW of PV modules to EN-NEO from October 2008 to December 2008, and EN-NEO had an option to purchase an additional 9 MW of PV modules from Yingli Green Energy in 2009. Under the New Contract, EN-NEO has agreed to exercise the option by purchasing the additional 9 MW PV modules, which are expected to be delivered from February 2009 to April 2009.

"We are pleased to announce this new contract with EN-NEO," said Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. "We entered into two deals with EN-NEO within four months, which we believe demonstrates the confidence they have in our products and the desire both companies have to deepen the relationship. Although there are many challenges ahead, including potential effects of the recent turmoil in the financial markets, we believe German PV market is developing well, primarily because of the country's relatively long experience with the PV industry and a clear and short governmental approval process."

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. Through its wholly owned subsidiary Yingli Energy (China) Co., Ltd., 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.

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