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Yingli Green Energy : Partners with Its Time Foundation to Power Remote Schools in Fiji

07/05/2016 | 10:01pm EDT

BAODING, China, July 5, 2016 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Solar" or "Yingli"), one of the world's leading solar panel manufacturers, today announced that its wholly owned subsidiary, Yingli Green Energy Australia Pty. Ltd. (Yingli Australia) has partnered with Its Time Foundation to power six remote schools in the Fiji Islands with Yingli's solar PV systems.

Its Time Foundation is a charity organization focusing on providing reliable renewable energy to education facilities, which have limited access to electricity. They aim at creating healthier learning environments and educating the community on the benefits of reducing their carbon emissions. Through Yingli Solar's high efficiency and durable solar panels, these systems will create savings in excess of $30,000 annually for these remote schools in the Pacific Islands of Fiji.

The founder of Its Time Foundation, Rob Edwards selected these schools based on their lack of accessibility to reliable power from the grid. By providing renewable electricity, Yingli's solar PV systems allow these remote schools to utilize more savings on education resources instead of exhausting on generator fuel and kerosene costs. The students and teachers now can charge laptops, photocopy schools exams, supply lighting to teachers' quarters, where previously they were using power from the school generator for a limited time in the evenings. Now with Yingli's solar PV systems, these schools have a safe and clean environment with a steady energy supply.

"There is no compromise to be considered when developing a solution for the progressive education for the children. The cornerstone of a strong education for these students and staff is the inclusion of a renewable power and lighting solution, which is supplied to every school," commented Mr. Rob Edwards, the Founder of Its Time Foundation. "Our ability to deliver this vision is considering only reputable and quality technologies from leading brands, and ensuring that the longevity of this solution continues to drive possibility for the generations ahead."

"Climate change is the most urgent threat facing the Pacific Islands. Replacing dependent power sources such as kerosene and fuel generators with clean, green, affordable solar energy will create a safer and sustainable environment and ultimately improve the lives of communities in this region," said Mr. Daman Cole, Managing Director of Yingli Australia. "We are delighted that Its Time Foundation has delivered these solar PV systems for remote schools, demonstrating to students, staff and the community that clean energy can be a stable part of their future. These installations will help students enjoy a learning environment that powers both their school and their minds."

About Yingli Solar

Yingli Green Energy Holding Company Limited (NYSE: YGE), known as "Yingli Solar" or "Yingli", is one of the world's leading solar panel manufacturers. Yingli's manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar panel assembly. Headquartered in Baoding, China, Yingli has more than 30 regional subsidiaries and branch offices and has distributed more than 15 GW solar panels to customers worldwide. For more information, please visit www.yinglisolar.com and join the conversation on Facebook, Twitter and Weibo.

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's control. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli's filings with the U.S. Securities and Exchange Commission. Yingli 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:

Jean Tian
Investor Relations Director
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
Email: ir@yingli.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/yingli-partners-with-its-time-foundation-to-power-remote-schools-in-fiji-300293889.html

SOURCE Yingli Green Energy Holding Company Limited

© PRNewswire 2016
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