Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) Advances Into Turkey


Dallas, Texas 05/16/2014 (FINANCIALSTRENDS) –Yingli Green Energy Enerji Urunleri which is a Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) subsidiary, has now signed its agreement with the Tekno Ray Solar Enerji Sistemleri for solar-modules. Under this agreement, Yingli Turkey will now supply 30Megawats of multi-crystalline PV modules to the Tekno Ray Solar & will be delivered in the installments starting in the Q2 2014 through the Q1 of 2015.These high-quality YGE Series-modules will all be installed in different large-scale solar projects across the southern region of Turkey.

High quality product

 Altay Coskunoglu, Tekno Company Union’s chairman of the executive board said that in Turkey, that has the richest solar resources in Europe, they believe that they need to use the sun to contribute to the economy as well as the environment. Now at Tekno Ray Solar, they have blazed a good trail in the large-scale PV project-development. They selected Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) because of its strong brand and very high-performance & high-quality product.

 Yingli Green Energy’s  South East Europe director -Dimitrios Bachadakis stated that  their company’s  global experience as well as market leadership are a definite asset to the Tekno Ray Solar, which is 1 one of the leading PV project-developers in Turkey. Establishing the partnerships with the leading PV project-investors in the country is a key-driver of the company’s strategy.

 New milestone

 Liansheng Miao, the Chairman and CEO of Yingli Green Energy said that they are delighted to reach this new milestone in the market-development in Turkey & with Tekno Ray Solar. The company has partnered with the latter on numerous projects, including the 1st medium-voltage ground-mounted project in Turkey. This was in MW size with a grid connection & the 1st self-consumption-project situated in the Akdeniz Region. They look forward to also enhancing their presence in the high-potential solar-energy market. The company- Yingli Green Energy Holding Company Limited is a vertically-integrated PV product manufacturer globally.

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