Yingli Green Energy Hold. Co. Ltd. (ADR)(NYSE:YGE): Initiates Trial Production Of N-MWT Modules

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Dallas, Texas 05/22/2014 (FINANCIALSTRENDS) – Yingli Green Energy Hold. Co. Ltd. (ADR)(NYSE:YGE) recently announced to have initiated trial production of N-MWT (N-type Metal Wrap Through) technology based mono-crystalline silicon modules. The company mentioned that the production has been supported by equipment provided by a leading supplier of automated manufacturing lines and photovoltaic technology, Formula E. The equipment designed by Formula E will support back contact applications in the production of N-MWT based silicon modules.

Formula E designed and produced a set of innovative manufacturing equipment as part of its strategic collaboration agreement with Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE). The company announced to have installed the equipment at one of its module workshops and has begun the production trials for the same.

About N-MWT Technology:

The highly innovative, The N-MWT technology allows to improve cell efficiency as it reduces the amount of metal applied to each solar cell and also reduces power loss during the module encapsulation process. The technology allows more exposure of solar cell surface area to sunlight as compared to traditional mono-crystalline modules.

As a part of strategic collaboration with Yingli, The Formula E team designed and developed a pilot production line which enables automated manufacturing of numerous module architectures with unparalleled reliability, precision and accuracy in the manufacturing of N-MWT modules. Formula E executive mentioned that the new technology embarks a new age for PV industry and will deliver appealing results for the end users.

Executive Speak:

VP and Technical Director of Yingli Green Energy Holding Co. Ltd. (ADR) (NYSE:YGE), Cindy Hu mentioned that the company is committed to achieving its mission of providing “affordable green energy for all” and it considers technology improvement and cost reduction as critical impetus to achieve the same. Hu regarded the N-MWT technology innovation as an outcome of their strategic partnership with Formula E and affirmed to move forward to advance Yingli’s manufacturing processes in collaboration with leading PV industry players.

Stock Update:

Yesterday, the stock closed at $3.14, gaining 10.18% from its previous close.

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