Yingli Green Energy Announces Initial Production of 400 MW Capacity Expansions   

On July 7th, Yingli Green Energy Holding Company Limited (NYSE: YGE) announced the initial production of its latest 400 MW capacity expansions. The new solar photovoltaic (PV) manufacturing lines include a 300 MW PANDA monocrystalline silicon based production capacity at the company's Baoding headquarters, and a 100 MW multicrystalline silicon based production capacity in Haikou, Hainan province.
   "The newly added 400 MW manufacturing lines were achieved within one year, demonstrating our accumulated expertise in capacity expansion," commented Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. "We expect these latest production lines to reach full capacity by the end of this quarter, which will bring our total nameplate capacity to 1 GW. Our success can be attributed to the strong demand for our high performance products, especially our recently introduced Yingli Solar Panda Module TM. The expected output of these new lines this year has been fully booked by our customers. We believe our expanded product portfolio and increased capacity will further solidify our industry leadership worldwide."
    The Yingli Solar Panda Module TM will help customers further reduce their balance-of-system cost.
    Yingli Green Energy plans to invest in high efficiency cell research and development in order to deliver the best technology and products possible to all of its customers with a focus on the reduction of the total cost of KW hour generation, Mr. Miao concluded.
   Yingli Green Energy, based in Baoding of Hebei province, is a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers. The company'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.