Exhibit 4.17
English Translation
  CHINA
DEVELOPMENT BANK

FOREIGN EXCHANGE LOAN CONTRACT
 Type of Loan:
    
    Self-Operated Foreign Exchange LoanName of Project:
    
    Yinglis To-Be-Built New 100MW Polysilicon (Annual Capacity) Solar Cell ProjectBorrower:
    
    Yingli Energy (China) Company LimitedLender:
    
    China Development BankExecution Date:
    
    December 22, 2008




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Table of Contents
 Article I Definitions
    
    
    2Article II Loan Commitment Amount
    
    
    3Article III Purpose of Use of the Loan
    
    
    3Article IV Term of the Loan
    
    
    4Article V Interest Rate and Interest of the Loan
    
    
    4Article VI Late Payment Interest
    
    
    5Article VII Conditions Precedent for Drawdowns
    
    
    5Article VIII Drawdown
    
    
    6Article IX Disbursement of Funds
    
    
    7Article X Repayment of Principal and Interest
    
    
    7Article XI Prepayment
    
    
    8Article XII Order of Repayment
    
    
    9Article XIII Account Management
    
    
    9Article XIV Settlement; and Foreign Exchange Settlement and Sale
    
    
    10Article XV Representations and Warranties of Borrower
    
    
    10Article XVI Inspection on the Use of the Funds
    
    
    10Article XVII Information Disclosure
    
    
    11Article XVIII Supervision of the Loan-Funded Project
    
    
    12Article XIX Rights and Obligations of the Borrower
    
    
    13Article XX Security
    
    
    14Article XXI Events of Default and Breach of Contract Liabilities of Borrower
    
    
    15Article XXII Modification and Termination of Contract
    
    
    15Article XXIII Entire Contract
    
    
    16Article XXIV Confidentiality
    
    
    16Article XXV Resolution of Disputes
    
    
    16Article XXVI Miscellaneous
    
    
    16Article XXVII Effectiveness and Expiry of the Contract
    
    
    17Drawdown Application
    
    
    19




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Borrower
 
 Lender




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ARTICLE I
DEFINITIONS
  Lender
 Borrower
 Project
 Loan Commitment Amount
 Loan Balance
 Drawdown Period
 Loan Account
 Deposit Account
 Fund Disbursement
 Handling Branch
 Interest Period
 2




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Interest Payment Dates
 First Principal Repayment Date
 Principal Repayment Dates
 Grace Period
 Business Day
 Security Providers
 Security Contracts
 LIBOR
 ARTICLE II
LOAN COMMITMENT AMOUNT
  ARTICLE III
PURPOSE OF USE OF THE LOAN
  3




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ARTICLE IV
TERM OF THE LOAN
  ARTICLE V
INTEREST RATE AND INTEREST OF THE LOAN
 Interest Rate of the Loan
  Interest Period and Interest Payment Date
   Calculation of the Interest
    4




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ARTICLE VI
LATE PAYMENT INTEREST
      ARTICLE VII
CONDITIONS PRECEDENT FOR DRAWDOWNS
       5




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ARTICLE VIII
DRAWDOWN
 Drawdown Plan
     Drawdown Procedure
  6




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Drawdown Period
    ARTICLE IX
DISBURSEMENT OF FUNDS
    ARTICLE X
REPAYMENT OF PRINCIPAL AND INTEREST
 Method for Repayment of Principal
  7




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Principal and Interest Repayment Notice
  Principal and
Interest Repayment Notice
  ARTICLE XI
PREPAYMENT
       8




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ARTICLE XII
ORDER OF REPAYMENT
          ARTICLE XIII
ACCOUNT MANAGEMENT
  9




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ARTICLE XIV
SETTLEMENT; AND FOREIGN EXCHANGE SETTLEMENT AND SALE
  ARTICLE XV
REPRESENTATIONS AND WARRANTIES OF BORROWER
       ARTICLE XVI
INSPECTION ON THE USE OF THE FUNDS
  10




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ARTICLE XVII
INFORMATION DISCLOSURE
    11




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ARTICLE XVIII
SUPERVISION OF THE LOAN FUNDED PROJECT
         12




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ARTICLE XIX
RIGHTS AND OBLIGATIONS OF THE BORROWER
       13




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ARTICLE XX
SECURITY
      14




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ARTICLE XXI
EVENTS OF DEFAULT AND BREACH OF
CONTRACT LIABILITIES OF BORROWER
       ARTICLE XXII
MODIFICATION AND TERMINATION OF CONTRACT
    15




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ARTICLE XXIII
ENTIRE CONTRACT
  ARTICLE XXIV
CONFIDENTIALITY
  ARTICLE XXV
RESOLUTION OF DISPUTES
  ARTICLE XXVI
MISCELLANEOUS
   16




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ARTICLE XXVII
EFFECTIVENESS AND EXPIRY OF THE CONTRACT
  17




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Legal Representative
    
    /s/ Liansheng Miao(or Authorized Representative):     Miao Liansheng
    
    (Signature)___(mm)___(dd)___(yy)Opening Bank & Account No. of Borrower:Lender: China Development Bank
    
    (Special Seal for Contracts)Legal Representative
    
    /s/ Lihong Wang(or Authorized Representative):
    
    (Signature)___(mm)___(dd)___(yy)
  18




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Annex 1
 DRAWDOWN APPLICATION
  China Development Bank:
 
 o
    
    Drawdown Amount:___;o
    
    Drawdown Date:___(mm)___(dd)___(yy);o
    
    Purpose of Use of Drawdown Fund:___;o
    
    We hereby authorize the Bank to transfer the said amount into the Deposit Account
opened by us with the Bank, the Account No. of which is___;o
    
    We hereby authorize the Bank to directly disburse on the Drawdown Date the said amount
to ___, whose opening bank and account number are___.
 
 Borrower:(company seal or special seal for contracts)Legal Representative(or Authorized Representative):Date:__(mm)__(dd)__(yy)
 19