Yingli Green Energy Receives Supply Contract For Kaiser Permanente Projects

Chinese solar manufacturer Yingli Green Energy Holding Company Limited (NYSE:YGE) announced that it has been selected to provide 15 megawatts (MW) of solar modules for 16 solar power systems at multiple Kaiser Permanente hospitals and office facilities across California.

Yingli Green Energy will supply the panels through its U.S. subsidiary, Yingli Green Energy Americas, Inc.

Nearly 65,000 Yingli Solar multicrystalline modules are being delivered between now and mid-year 2011. The modules were chosen by the project’s designer and installer, Swinerton Renewable Energy, a San Francisco-based green building leader, as well as the plant’s owner and operator, Recurrent Energy, a San Francisco-based independent power producer. The projects are expected to generate approximately 180 green jobs in California.

Yingli Green Energy Chairman and CEO Liansheng Miao said the company is currently expanding across all major solar markets. (The company’s brand Yingli Solar was heavily advertised at numerous World Cup soccer matches in South Africa over the last month.)

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. Currently, Yingli Green Energy maintains a balanced production capacity of over 600 MW per year. Two capacity expansion projects of 300 MW and 100 MW locating in Baoding and Hainan, respectively, started initial production in early July 2010, and are expected to bring Yingli Green Energy’s total capacity to 1 GW by the end of third quarter 2010.

In addition, Yingli Green Energy’s in-house polysilicon plant, Fine Silicon, which has a designed annual production capacity of 3,000 metric tons, is at the final stage of the segment trial process, and is expected to start fully integrated production from mid-2010. The company has more than 7,000 employees and more than 10 subsidiaries and branch offices worldwide.

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