Yingli Green Energy Announces Significant Progress in Ingot Casting

Fri Jan 4, 2013 5:00am EST

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BAODING,  China,  Jan. 4, 2013  /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 wholly-owned subsidiary Tianjin Yingli New
Energy Resources Company Limited ("Tianjin Yingli") has achieved significant
progress in multicrystalline ingot casting.

Logo:  http://www.prnasia.com/sa/2012/04/01/20120401160439160364.jpg)

In  July 2012, Tianjin Yingli entered into a partnership agreement with Zhejiang
Jingsheng Mechanical & Electrical Company Limited ("Jingsheng") to develop
high-efficiency multicrystalline ingot casting technology based on gas
refrigeration. Through joint efforts of both parties, Tianjin Yingli has
successfully upgraded its furnaces and improved the quality of its ingots.
According to experimental results,the best average conversion efficiency of
cells using wafers from one of the improved multicrystalline ingots reached
17.75%.

"We're pleased to see that our partnership with Jingsheng has led to significant
advancement of multicrystalline ingot casting," said Mr.  Liansheng Miao,
Chairman and Chief Executive Officer of Yingli Green Energy. "The improved
technology will allow us to enhance our competitiveness through reduced
consumption of energy and raw materials and improved yield rate. As a leading
renewable energy company, Yingli has been committed to technology and product
innovation, which has enabled us to emerge stronger under the challenging market
conditions."

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.

For further information, please contact:

In China:

Qing Miao 
Vice President of Corporate Communications 
Yingli Green Energy Holding Company Limited 
Tel: +86 312 8929787 
Email: ir@yinglisolar.com

In the Americas:

Helena Kimball 
Head of Marketing 
Yingli Green Energy Americas 
Tel: +1 603 5915812 
Email: helena.kimball@yingliamericas.com

In Europe:

Rebecca Jarschel                                                          
Marketing Communications Manager  
Yingli Green Energy Europe GmbH                                            
Tel.: +4989540303412                                                
Email: rebecca.jarschel@ygee.eu          

SOURCE  Yingli Green Energy Holding Company Limited
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