Yingli Green Energy Selected for 10 MW AC New Jersey Oak Solar Power Plant

BAODING, China and SAN FRANCISCO, Aug. 18, 2011 /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic ("PV") manufacturers, which markets its products under the brand "Yingli Solar", announced today that its U.S. subsidiary, Yingli Green Energy Americas, Inc. ("Yingli Americas"), has been selected by Lincoln Renewable Energy, LLC ("LRE"), a leading U.S. solar and wind power developer, to deliver 10 megawatts ("MW") AC of Yingli Solar modules for its New Jersey Oak Solar PV Power Plant in Fairfield Township, Cumberland County, New Jersey. The project is being constructed by Quanta Renewable Energy Services and The Ryan Company under a comprehensive engineering, procurement and construction services agreement with LRE. When completed later this year, the New Jersey Oak Solar project will be the largest non-utility owned solar project east of the Mississippi.

The 10 MW solar power plant will utilize 55,000 YGE-235 Series high efficiency, multicrystalline modules, which deliver a module efficiency of up to 15 percent. Yingli Solar multicrystalline modules deliver above-average energy yields, minimizing installation costs and maximizing kilowatt hour output. Last month, Yingli Americas announced a milestone of over 250 MW in North American sales and expects to capture 15 percent of the U.S. market share in 2011.

"We are pleased to work with Lincoln Renewable Energy and Quanta Renewable Energy Services on one of the largest and most advanced utility-scale installations on the East Coast," said Robert Petrina, Managing Director of Yingli Americas. "Having worked with Quanta on a number of projects utilizing our high-performance modules to date, we are looking forward to delivering on these ambitious projects."

"We are delighted to be working with such a proven supplier of high-quality solar PV modules," said LRE CEO Declan Flanagan. "Together with Quanta and Yingli, we are excited for this highly innovative project to reach commercial operation before the end of the year."

"The New Jersey Oak Solar project represents our largest procurement from Yingli Americas to date," said Michael DonMoyer, President of Quanta Renewable Energy Services. "The choice to work with Yingli Americas was based on the company's track record of delivering high-quality, cost-effective modules on schedule and on budget. We are pleased to team with one the nation's leading and most reputable solar PV suppliers on this project."

Yingli Americas has headquarters in New York and San Francisco and recently announced the opening of a U.S.-based research and development facility. The Company is one of the fastest growing module suppliers in North America with projects in over 23 states, Canada, Mexico, and the Caribbean. Learn more at www.yinglisolar.com/us.

About Yingli Green Energy

Yingli Green Energy Holding Company Limited (NYSE: 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. Currently, Yingli Green Energy maintains a balanced vertically integrated production capacity of over 1 GW per year. Two capacity expansion projects of 600 MW and 100 MW are under construction in Baoding and Hainan, respectively, which are expected to start initial production in the middle of 2011 and will increase the Company's total nameplate capacity to 1.7 GW in late 2011. In addition, Yingli Green Energy's in-house polysilicon plant, Fine Silicon, which has a designed annual production capacity of 3,000 metric tons, has successfully started commercial operation in early August 2010. Yingli Green Energy distributes its photovoltaic modules to a wide range of markets, including Germany, Spain, Italy, Greece, France, South Korea, China and the United States. Headquartered in Baoding, China, Yingli Green Energy has more than 11,000 employees and more than 10 subsidiaries and branch offices worldwide. Yingli Green Energy is publicly listed on the New York Stock Exchange (NYSE: YGE). For more information, please visit http://www.yinglisolar.com.

About Quanta Renewable Energy Services and Ryan Company

Quanta Renewable Energy Services ("QRES") was launched in 2008 to offer renewable specific expertise to clients in this growing industry. Since its formation, QRES has established itself as a leading provider of utility-scale photovoltaic solutions with over 100 MW completed or under construction. The Ryan Company is an experienced firm providing electrical, renewable, telecom and heavy construction services to private and public agencies. Its strength lies in the ability to organize, schedule and manage complex projects for customers constrained by strict rules, timelines and/or regulations. The Ryan Company, founded in 1949, has completed hundreds of electrical and utility projects in the past 60+ years. QRES and The Ryan Company are wholly owned subsidiaries of Quanta Services, Inc., a leading infrastructure services provider for the electric power, natural gas and pipeline and telecommunications industries. Quanta has been active for more than a decade in renewable energy projects including solar, wind and ethanol/alternative fuels.

About Lincoln Renewable Energy

Lincoln Renewable Energy ("LRE") develops utility-scale solar and wind power projects from greenfield concept to commercial operation. Its management team has a proven track record in renewable-energy development. Their efforts have led to the construction of more than 3,000 megawatts of renewable energy in North America and Europe over the past 10 years. Since its formation in 2009, LRE has grown rapidly to be one of the leading independent developers of solar projects in the United States. With offices in Chicago, Denver, Austin and Hoboken, N.J., LRE operates on a national scale. To date, LRE has raised more than $65 million in equity and project finance to fund its rapid growth. Investors include Austin Ventures, a Texas-based investment firm with $4 billion in capital under management. For more information, please visit www.lincolnrenewableenergy.com.

Safe Harbor

Statements made in this press release that are not historical facts or which apply prospectively are forward-looking 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.

For further information, please contact:
In China:
Qing Miao
Director of Investor Relations
Yingli Green Energy Holding Company Limited
Tel: [phone]
Email: [e-mail]
In the Americas:
Helena Kimball
Head of Marketing Communications
Yingli Green Energy Americas, Inc.
Tel: [phone]
Email: [e-mail]
In Europe:
Rebecca Jarschel
Brand Manager
Yingli Green Energy Europe GmbH
Tel: [phone]
Email: [e-mail]

SOURCE Yingli Green Energy Holding Company Limited