Yingli Green Energy Holding Company Limited (NYSE: YGE) announced new and improved limited warranties for its product line of reliable and bankable PV modules.
High performance monocrystalline Panda PV modules will feature a standard power performance warranty that guarantees 98% of nameplate power for the first year, 92% of nameplate power for 10 years, and 82% of nameplate power for a period of 25 years, assuring its superior field performance. Multicrystalline PV modules will feature a standard power performance warranty that guarantees 91.2% of nameplate power for 10 years, and 80.7% of nameplate power for a period of 25 years. A linear-based extended warranty that guarantees power output for each year of the 25-year warranty period is also made available by the Company.
In addition, the Company has extended its limited product warranty from five to ten years for all of its PV module products. The new warranties have been valid for PV modules shipped from Yingli factories effective October 1st, 2011.
"We are pleased to offer these improved warranties in order to further secure the investments of our customers," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "With a deployed fleet of PV modules exceeding 2.8 GW at the end of the first half of 2011, and over 10 years of operating experience, we proudly stand behind the quality and reliability of our products. Our new and improved warranties underscore our commitment to providing our customers with bankable, value-added products."