Yingli Green Energy Holding Company Limited hasentered into a sales contract with Fire Energy, S.L.

Yingli Green Energy Holding Company Limited hasentered into a sales contract with Fire Energy, S.L.

December 29th, 2008 

Yingli Green Energy Holding Company Limited (NYSE: YGE) (“Yingli Green Energy” or the “Company”), one of the world’s leading vertically integrated photovoltaic (“PV”) product manufacturers, today announced that that it has entered into a sales contract with Fire Energy, S.L. (“Fire Energy”), a Spanish PV system integrator and PV devices distributor.
Under the terms of the contract, Yingli Green Energy is expected to supply a total of 16 MW of PV modules to Fire Energy from January 2009 to December 2009. 
“We are pleased to announce the 16 MW sales contract with Fire Energy in Spain which is the second transaction between the two companies,” commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. “We believe that even with the lowered feed-in-tariffs in Spain, which we expect to take effect later this year, the return on investment in the Spanish PV market will remain highly attractive as Spain has one of the highest levels of annual sunshine radiation in Europe. We continue to see strong demand in the Spanish PV market for high quality PV products. We believe that this transaction with Fire Energy is a result of the positive outlook for the Spanish PV market, the favorable assessment of our product quality and the recognition of our brand reputation. We also believe that our accredited track records and the growing awareness of the reliability and efficiency of our PV modules will help us sustain our market position not only in Spain, but also the global community.”