Wednesday, July 15, 2009

Yingli Green Energy Establishes Regional Headquarters in New York City and San Francisco

Offices in New York City and San Francisco expected to enhance support for Yingli Green Energy's growing North American customer base

Yingli Green Energy Holding Company Limited, one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced the opening of coastal U.S. headquarters in New York City and San Francisco.

Yingli Green Energy expects that these two regional headquarters in the U.S. will enhance support for the Company's growing North American customer base and facilitate the formation of new partnerships across the solar value chain in North America.

"Given the vast potential and rapid growth of the U.S. solar market, it is imperative for us to have a strong presence on both coasts of the country," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Our top-notch U.S. team has the technical expertise, business experience and proven track record necessary to drive success for our partners and customers. We are confident that our strong on-the-ground capability will play a crucial role in the development of our North American business in the years to come."

In order to strength Yingli Green Energy's business in North America, the Company has set up a wholly-owned subsidiary, Yingli Green Energy Americas, Inc. ("Yingli Americas"), which is led by Robert Petrina, a solar industry veteran with nearly a decade of international business development experience in the PV industry. Previously with General Electric's solar division, Robert has been with Yingli Green Energy for two years. Yingli Americas' operations and customer support team will be led by Brian Grenko, and Mathew Sachs will lead its business development team.

Yingli Green Energy's East Coast headquarters will be located in mid-town Manhattan. In addition to providing renewed support for the growing solar industry, the New York office will serve as a direct link to the financial community targeting renewable investments.

"Through PlaNYC, our comprehensive sustainability plan, and our Five Borough Economic Opportunity Plan, New York City is taking major steps to promote green manufacturing and green finance," said New York City Mayor Michael Bloomberg. "Yingli Green Energy's East Coast Headquarters will create green jobs, make it easier to invest in innovative technology and help our city become more efficient and sustainable."

Yingli Green Energy's West Coast headquarters will be located in San Francisco's financial district and will provide support to customers throughout the procurement, installation and operation stages of solar modules.

"We are proud to welcome Yingli Americas to San Francisco. Their choice to locate in San Francisco is yet another affirmation of our ChinaSF initiative strategy," said San Francisco Mayor Gavin Newsom. "San Francisco offers a leading hub of clean technology firms, top-notch talent, concentrated consumer demand for cleantech, proximity to the Pacific Rim and access to the North American market. Chinese firms, like Yingli Green Energy, bring the rising strength of Chinese entrepreneurship, their rapidly growing industry expertise, and the ability to take these innovations to mass scale."

The opening of the New York and San Francisco offices is Yingli Green Energy's latest step toward expanding its operations in North America and will help support and promote the Company's expanded U.S. product offerings which now include five families of high quality UL certified PV modules ranging in size from 175 watt to 280 watt.

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