Solar Stocks Alert: Yingli Green Energy (NYSE:YGE) Announces Its First Order in Jordan
Category: Investment, Renewable Energy
News about Yingli Green Energy
BAODING, China - February 4, 2013 (Investorideas.com renewable energy newswire) Yingli Green Energy Holding Company Limited (YGE), a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which markets its products under the brand "Yingli Solar," today announced that the Company has supplied 65 kilowatts of PV modules for Kawkabuna for Energy Solutions ("Kawkabuna"), which is a specialized company in Jordan providing energy saving solutions. This is Yingli Green Energy's first order in the Jordanian market.
"We are pleased to have Kawkabuna as our first business partner in the Jordanian marketplace," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "As one of the economies in the Middle East relying largely on importation for energy consumption, Jordan is looking for renewable energy solutions to make its energy supply more secure. We believe Kawkabuna's local solar expertise will assist us in building a sustainable presence in Jordan and further in the Middle East ."
"It has been a great experience for us to work with Yingli Green Energy given its excellent products and services. We look forward to building a long lasting relationship with the Company. We are sure that the partnership with Yingli Green Energy will enhance our business in Jordan , the Middle East and the gulf region," said Mr. Akef Smeirat, Managing Director of Kawkabuna for Energy Solutions.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (YGE), which markets its products under the brand "Yingli Solar," is a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers. Yingli Green Energy's manufacturing covers the entire photovoltaic value chain, from the production of polysilicon through ingot casting and wafering, to solar cell production and module assembly. In August 2012, Yingli Green Energy reached a balanced vertically integrated production capacity of 2,450 MW per year at its production facilities located in Baoding , Haikou , Tianjin and Hengshui, respectively. Yingli Green Energy distributes its photovoltaic modules to a wide range of markets, including Germany , Spain , Italy , Greece , France , South Korea , China , Japan and the United States . Headquartered in Baoding , China , Yingli Green Energy has more than 20 subsidiaries and branch offices worldwide. Yingli Green Energy is publicly listed on the New York Stock Exchange (YGE). For more information, please visit www.yinglisolar.com.
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. 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.
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