Yingli Partners with ECrowd! to Offer Financial Products for Self-consumption PV Projects in Spain

Yingli Green Energy Holding Company Ltd., one of the world's leading solar panel manufacturers, today announced that its wholly owned subsidiary, Yingli Green Energy Spain, S.L.U ("Yingli Spain") has signed a partnership agreement with ECrowd!, an online platform for the collective financing of profitable investments, in order to give more facilities to its clients when it comes to financing a project.

With this agreement, Yingli Spain will offer its clients the services of ECrowd! to extend the benefits by offering financing services for self-consumption photovoltaic projects. Yingli's purpose is to offer the access to loans for the collective financing of distributed generation photovoltaic projects through ECrowd!'s platform.

"This agreement strengthens Yingli' distributed generation strategy approach by increasing the added value of our services scopes. The financial support on this segment of the PV industry will be critical for success," said Mr. Fernando Calisalvo, the Managing Director of Yingli Spain.

"We're very proud to collaborate with Yingli and add value to their offering through our innovative financing platform," commented Matthieu van Haperen, CEO ECrowd!, the company has emerged as the leading collaborative finance platform for sustainable projects such as photovoltaic installations.

Source: Yingli Green Energy Holding Company Limited
Date: May 18, 2017