Date: 30 May 2016
Yingli Green Energy Holding Company Ltd. ("Yingli" or "Yingli Solar") (NYSE: YGE), one of the world's leading solar panel manufacturers, today announced that it has successfully commercialized its TwinMAX 60 Cell high-efficiency dual glass module (including the standard series and the bifacial series) and TwinMAX 72 Cell high-efficiency dual glass module (standard series).
The bifacial series monocrystalline modules will be installed on a 50MW power plant in Datong, Shanxi province, which was rewarded to Yingli under China's "Top Runner" program.The TwinMAX module is a frameless module that is comprised of two layers of 2.5mm thick tempered glass, which replaced the conventional back sheet and glass structure.
Specifically, TwinMAX bifacial series modules integrate technology from Yingli's state of the art PANDA n-type monocrystalline solar cells with cell efficiency that could reach as high as 20.5% and average module efficiency that could be over 17%. The TwinMAX bifacial series modules can generate from both the front and rear sides of the cells, allowing power yields up to 30% more than traditional monocrystalline modules.
TwinMAX modules possess strong durability and resistance to PID (Potential Induced Degradation) and are able to perform well under various harsh environments such as exposure to high temperature and humidity, salt mist and sand. With a maximum system voltage of 1500 Volts (V), TwinMAX modules can improve system performance and help to reduce balance-of-system costs. In addition, TwinMAX modules carry a 30-year linear warranty, which theoretically could provide more than 20% power gain for customers compared to industry standard 25-years linear warranty.
"We are excited to introduce and offer one of the most advanced products in the industry to our customers with the commercialization of our TwinMAX module," commented Dr. Dengyuan Song, Chief Technology Officer of Yingli. "This is also consistent with our long-term commitment of reducing the cost of solar power generation and making solar electricity affordable and accessible for all through continued technology innovation."
About Yingli
Yingli Green Energy Holding Company Limited (NYSE: YGE), known as "Yingli" or "Yingli Solar", 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 14GW 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 Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the forward-looking statements.
Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy 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.
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