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Yingli Green Energy's PANDA Module Ranks No. 2 in TUV Rheinland Energy Yield Test
By: PR Newswire
Dec. 26, 2012 05:00 AM
BAODING, China, Dec. 26, 2012 /PRNewswire/ -- 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 manufacturers, which markets its products under the brand "Yingli Solar," today announced that its PANDA module achieved great performance in the "TUV Rheinland 2011 Energy Yield Test", ranking the second best among all fourteen modules from eleven PV manufacturers in Europe, North America and Asia.
All modules were tested under high temperature and low irradiation from September 1, 2011 to August 31, 2012. By comparing the average energy output per watt of all the modules, Yingli Green Energy's PANDA module emerged as the second best, which proved its stable performance under severe conditions. According to the test result, the electricity output of PANDA module was 0.6% lower than the top performer, 2.9% higher than the average level and 5.0% higher than the lowest ranking module. For example, a 30 kWp PV system in Germany using the "Yingli Solar PANDA" modules is expected to generate approximately 1200 kWh more per annum than using modules from the lowest ranking performer.
The Company's multicrystalline PV module also excelled in the "2010 Energy Yield Test" by TUV Rheinland, ranking the second best amongst thirteen PV modules from eleven participating PV manufacturers from Europe, North America and Asia.
"We're inspired to have continued our success in the TUV Energy Yield Test." said Dr. Dengyuan Song, Chief Technology Officer of Yingli Green Energy. "I believe that the exceptional performance of our products is attributable to our stringent quality control efforts and firm commitment of technology innovations."
Note: The relative measurement of "TUV Rheinland 2011 Energy Yield Test" leads to a measurement uncertainty of +1% and -1.5%, which has to be considered when comparing the results of the participating products.
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. 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 (NYSE: 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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