Yingli Green PV modules installed in the largest solar plant in Greece

Source: Yingli Green Energy Holding Company Limited

Yingli Green Energy Holding Company Limited (NYSE:YGE) (Yingli Green Energy or the Company), a leading solar energy company and one of the world's largest vertically integrated photovoltaic (PV) manufacturers, which markets its products under the brand "Yingli Solar," announced that its PV modules have been installed in the largest solar plant in Greece. The 10 MW utility-scale solar project is located in Larissa, Greece and is expected to produce enough energy to power approximately 3,700 homes in the area. Yingli Green Energy is the exclusive PV module supplier for the project. 

The project was developed by Selected Textiles S.A.(STIAFILCO), a Greece-based textiles group, through its wholly owned subsidiary, Selected Energy S.A., which specializes in the development and operation of renewable energy sources projects and has many years of experience in the PV and biomass sectors. 

The project was constructed by Biosar Energy S.A. ("Biosar"), a Greece-based solar system specialist offering integrated solutions in the areas of design, supply, construction and maintenance of medium and large-scale PV systems. 

The project was financed on a long term, non-recourse basis from the Project Finance team of Piraeus Bank. Piraeus Bank Group is the leading bank in Greece in green business financings, with a strategic commitment to continuously supporting the renewable energy sector. 

"We are pleased to cooperate with STIAFILCO and Biosar to complete the largest solar plant in Greece," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Because of the country's favorable natural solar irradiance and the Greek government's strong commitment to renewable energy, Greece is considered an important market for PV. We continue to see increasing demand for our premium-quality solar products, which further confirms our leadership position in this market."



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