May 15, 2009

Baoding, China: Yingli Green Energy Enters Into Exclusive Supplier Agreement with AES Solar

Yingli Green Energy has entered into an exclusive supplier framework agreement with AES Solar Energy, a developer, owner and operator of utility-scale solar plants.

Under the terms of the agreement, Yingli Green Energy will be AES Solar's exclusive supplier of polycrystalline PV modules expected to be purchased by AES Solar for use in solar projects in major PV markets for a term of three years.

''We are very much looking forward to cooperating with AES Solar as they work towards supplying homes and businesses around the world with power from their leading utility-scale solar installations,'' commented Mr. Liansheng Miao, chairman and chief executive officer of Yingli Green Energy. ''Our high quality PV modules, competitive pricing and stable performance were essential in AES Solar's decision to choose us as its partner, and will continue to be critical factors in the successful completion of AES Solar's polycrystalline PV projects in major solar markets.''

Last year, AES Corporation and Riverstone Holdings LLC announced that they have committed up to $1 billion as part of a new joint venture to develop a global platform of utility-scale solar photovoltaic projects. Under terms of the agreement, AES, one of the world's largest global power companies, and Riverstone, a New York-based energy and power-focused private equity firm, will each provide up to $500 million of capital over five years to invest in PV solar projects around the world.

Further details about: Yingli Green Energy and AES Solar