Yingli Clocks Up 100MW In Solar Joint Venture

A joint venture between Yingli Green Energy and Hainan Solar Power has seen more than 100 MW of solar capacity installed since it began in 2009.

The company says all the projects have been carried out in  Hainan Province and use Yingli solar panels exclusively. Yingli also provided EPC services for some of the projects.

Hainan Solar Power (HNSP), which owns all of the facilities, committed a total investment of approximately US$231.5 million. Two thirds of these residential, commercial and utility scale solar projects are mains grid connected.

“We are deeply grateful to all parties involved for helping us make remarkable accomplishment in developing solar power projects, and especially to Yingli Solar, whose high quality modules and rich downstream experience were critical factors to our success,”  said Mr. Xu Xiangcheng, General Manager of HNSP; the largest solar project developer in the island province.

Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy, says China’s domestic solar prospects are excellent. 2013’s results certainly indicate that, with 12 GW of solar capacity installed last year. For 2014, the Chinese Government has its sights set on 14 GW of solar installations.

“China is looking to PV as a key strategy for tackling its great energy demand, strengthening environmental protection and deepening ecological civilization, which means that China’s solar market is brimming with great potential,” said Mr. Miao.

“We believe that this diversified cooperation with state-owned enterprises will assure long-term development of our downstream business across China.”

To date, Yingli has shipped over 30 million solar panels. The company shipped more than 3 gigawatts last year, reaffirming its status as the world’s largest supplier of solar modules. Yingli has a presence in many countries and opened an office in Australia last year.