Yingli Green Energy Subsidiary Signs Five-Year US$50 Million Credit Facility Agreement with DEG and FMO

Yingli Green Energy Holding Company Limited , one of the world’s leading vertically integrated photovoltaic (“PV”) product manufacturers, today announced that Baoding Tianwei Yingli New Energy Resources Co., Ltd (“Tianwei Yingli”), the Company’s principal operating subsidiary, has entered into a five-year credit facility agreement with DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH (“DEG”) and the Netherlands Development Finance Company (“FMO”).

Under the agreement, DEG and FMO have agreed to lend Tianwei Yingli up to an aggregate of US$50 million to support Tianwei Yingli’s capacity expansion, subject to certain conditions. read more

Source: Yingli Green Energy Holding Company Limited