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 the Company is expected to supply approximately 288 MW of modules to PV projects announced under the Golden Sun Program (the "Program").
China's Ministry of Finance, Ministry of Science and Technology and National Energy Administration jointly announced today that a total amount of 2,835 MW PV projects were approved under the Program, to which the Company is expected to supply 10% of the PV modules. Since 2009, the Company has in aggregate supplied modules to approximately one fourth of the PV projects under the Program.
"As a world's leading solar company with roots in China, we have been committed to developing our domestic market and have obtained a solid market position and a leading market share," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "The acceleration of the Golden Sun Program and the announcements of other incentive policies have clearly demonstrated China's strong determination of promoting solar applications. With these policies in place, we believe that the China PV market will achieve a faster and healthier growth. We'll continue to enhance our business activities in China and power more families and businesses with our high quality products."