Yingli to provide PV modules for Golden Sun

Yingli Green Energy will supply 70 percent of PV modules to the Gold Sun Program.

Sponsored by the Ministry of Finance of China, a total of 272 MW PV projects were announced under the Program.


Under the terms of the Company's secured sales agreements with system owners, the majority of the module shipments are scheduled in the second half of 2011. In addition, according to the guidelines of the Program, the Ministry of Finance will grant 70 per cent of subsidy to the Company once the sales agreements are concluded and the relevant application procedures are fulfilled, which is expected to occur before product delivery.

"We are honored to become a major PV module supplier for the Golden Sun Program, which is a significant business milestone for our expansion in the Chinese solar market," Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy commented. "I am happy to witness that the Chinese government has demonstrated its strong commitment to boost renewable energy utilization in its recently announced Five-Year Plan."