You are here

Chinese solar manufacturer to supply 220MW PV for five power plants before year-end

Yingli Green Energy subsidiary will deliver multicrystalline PV modules for China Power Investment Corporation in 2013 for projects in Hebei and Qinghai Province

The modules are expected to be used for five PV power plants developed by CPI in Hebei Province and Qinghai Province in China

Leading Chinese PV manufacturer Yingli Green Energy has announced its subsidiary firm is to supply 220MW multicrystalline PV modules for China Power Investment Corporation ("CPI") this year. Yingli Energy has succeeded in bidding for supplying the multicrystalline PV modules for CPI before the end of 2013, which are expected to be used for five PV power plants. The plants will be developed by CPI in Hebei Province and Qinghai Province in China.

The news follows the company supplying for a CPI subsidiary in 2011. It also follows other developments involving the company's attempts to progress solar power outside the BRIC country. This includes the company signing a USD 100m strategic agreement in the US, aimed at reducing costs of photovoltaic materials.

Mr. Liansheng Miao, chairman and chief executive officer of Yingli Green Energy, said: "We're very pleased to enhance our cooperation with CPI following the delivery of 110MW modules to its subsidiary Huanghe Hydropower in 2011.

"The enhanced cooperation fully illustrates our partner's recognition of our brand, product quality and services. By leveraging our increasingly broad domestic sales and service networks, we look forward to further solidifying our leadership position and expanding our market share in China," he said.

The news from Yingli Green Energy follows other Chinese companies aiming to develop solar power projects in the BRIC country in 2013. In February this year, China Gogreen Assets Investment announced plans to invest 720 million yuan (USD 115m) to develop solar power projects in China's Henan province.