Yingli Green Energy Signs 36.8 MW PV Module Sales Contract with S.A.G. Solarstrom AG

Baoding, China,

Yingli Expands Manufacturing Capacity to 400 MW

Yingli Green Energy successfully completed the installation and trial production of an additional 200 MW of annual manufacturing capacity of each of PV polysilicon ingots and wafers, PV cells and PV modules. The completion comes ahead of the previously announced target of the end of 2008.

"We are pleased to achieve another significant milestone in the history of our company's growth," said Mr. Liansheng Miao. "As a result of solid relationships with equipment suppliers and a concerted effort by our entire team, we are pleased to have reached 400MW of annual manufacturing capacity ahead of schedule. In addition, I am also delighted to confirm that our plan to construct an additional 200MW of annual manufacturing capacity is on track to be completed by mid-2009. Furthermore, we have now contracted substantially all of our estimated PV module output for the remainder of 2008 and have secured more than 90% of our estimated polysilicon requirements for 2008."

Source: IWR Online, 07 Oct 2008