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Yingli Green Energy Signs 15 MW Sales Contract with GOLDBECK Solar

Baoding, China – January 5, 2009
Source. Yingli Solar, press release

Yingli Green Energy Holding Company Limited (NYSE: YGE) (“Yingli Green Energy” or the “Company”), one of the world’s leading vertically integrated photovoltaic (“PV”) product manufacturers, today announced that it has entered into a sales contract with GOLDBECK Solar GmbH (“GOLDBECK Solar”), a leading German PV system specialist company for PV applications on industrial buildings. Under the terms of the contract, Yingli Green Energy is expected to supply a minimum of 15 MW of PV modules to GOLDBECK Solar in 2009. In addition, the contract provides a framework for GOLDBECK Solar to purchase up to an additional 58 MW of PV modules from Yingli Green Energy in 2009.

“We are pleased to have Yingli as one of our key suppliers,” said Joachim Goldbeck, General Manager of GOLDBECK Solar. “We aim to provide our customers maximum value with our products and services. Cooperating with top tier suppliers like Yingli is one of our principal strategies for achieving these goals in order to secure customers on a long-term basis.”

“We look forward to working closely with GOLDBECK Solar in 2009,” commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. “Given the cost advantage and quality control capability of our vertically integrated business model, we can provide reliable and high quality products at a reasonable and competitive price, in line with our strategy to continually enhance the value that we provide to our customers. We believe this will lead to a broader and deeper penetration of our products and brand awareness worldwide.”

About Yingli Green Energy
Yingli Green Energy Holding Company Limited is one of the world’s leading vertically integrated PV product manufacturers. Through the Company’s principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co., Ltd., Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis. With 400 MW of total annual production capacity in each of polysilicon ingots and wafers, PV cells and PV modules, Yingli Green Energy is currently one of the largest manufacturers of PV products in the world as measured by annual production capacity. Additionally, Yingli Green Energy is one of a limited number of large-scale PV companies in the world to have adopted a vertically integrated business model. Through its wholly owned subsidiary, Yingli Energy (China) Co., Ltd., Yingli Green Energy currently plans to expand annual production capacity of polysilicon ingots and wafers, PV cells and PV modules to 600 MW in the third quarter of 2009. Yingli Green Energy sells PV modules under its own brand name, Yingli Solar, to PV system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, South Korea, Belgium, France, China and the United States. For more information, please visit

About GOLDBECK Solar
GOLDBECK Solar, a subsidiary of GOLDBECK, a leading industrial construction company in Europe, is a key player for turnkey industrial PV rooftop systems, professional ground mounted PV systems and reliable operation and management services in Europe.