Yingli Green Energy Signs New Sales Contracts with IBC Solar AG for Supply of 91 MW of PV Modules

Yingli Green Energy Holding Company Limited, one of the world’s leading vertically integrated photovoltaic (“PV”) product manufacturers, announced that it has entered into two sales contracts with IBC Solar AG (“IBC Solar”), one of the leading specialists in PV systems worldwide, to supply a total of 91 MW of PV modules to IBC Solar.

Under the terms of these contracts, Yingli Green Energy is expected to supply 91 MW of PV modules to IBC Solar from December 2008 to December 2009. Supplies under these contracts are agreed to be made at fixed prices for December 2008 and for the period from January through October 2009, which will be adjusted by mutual agreement if the market price falls below the fixed prices.

“The performance, reliability and quality of Yingli’s PV modules, their excellent customer service and their brand recognition among our customers form the foundation of our business relationship,” commented Mr. Udo Moehrstedt, president and founder of IBC Solar. “We are currently working on a range of significant projects with a broad range of customers. We believe our business cooperation with Yingli will help us expand our business in the future.”

“We are very pleased to announce these significant new contracts, which we believe provide more visibility for our sales in 2009,” commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. “The majority of our customers are companies with an established track record of successful operations, just like IBC Solar. We expect that these new contracts will further strengthen our leading position in the German market and provide a solid foundation for our continued success there in the coming year. In addition, we believe our competitive PV module pricing and reliable product quality, which are supported by our vertically integrated business model and one of the lowest non-polysilicon manufacturing cost structures in the industry, will further enhance customer loyalty and extend our market share in this competitive environment.”