Yingli Green Energy to Provide 28 MW of PV Modules for the State Grid Corp. of China
Sep 16, 2013 (Close-Up Media via COMTEX) --
Yingli Green Energy Holding Company Limited, a vertically integrated photovoltaic manufacturer, which markets its products under the brand "Yingli Solar", announced that its wholly-owned subsidiary, Yingli Energy Company Limited, will supply 28 MW of multicrystalline YGE Series PV modules to the State Grid Corp. of China, the world's largest utilities company.
According to a release, SGCC is a state-owned enterprise approved by the State Council to conduct government authorized investment activities and has been ranked the 7th in the Fortune Global 500 in 2013.
Yingli Green Energy said its modules will power the largest out of three solar projects being developed by SGCC in Zhangbei County. These installations, totaling 60 MW, are part of the second phase of China's National Wind/PV/Energy Storage and Transmission Joint Demonstration Project. According to the relevant requirements of the bid documents, the Company will complete module delivery in the fourth quarter of 2013.
The Project is a demonstration that integrates different renewable energy technologies with smart transmission and storage technologies with the goal of predictably and reliably delivering green energy across the grid at-scale. The Project will help SGCC fulfill its goal of creating a "Strong & Smart Grid" while also expanding renewable energy capacity in China.
"We are honored to have the opportunity to collaborate with SGCC again and to provide our high-quality PV modules for this high-profile energy demonstration project," said Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We were selected for this project because of our leadership position in the domestic market, and we are pleased to note that the bidding results demonstrate that the price gap between China and overseas markets is narrowing as supply and demand fundamentals in the Chinese solar market are strengthening, helping to further improve our profitability."
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