Yingli Green Energy Spain has supplied over 5 megawatts (MW) of solar panels for what is Bolivia’s first utility-scale solar farm and the world’s largest energy storage-equipped hybrid PV-diesel project.
Project developer Isotron installed more than 17,000 Yingli solar panels at the site in Pando, a northern region on the border with Brazil and Peru. The solar power station is expected to generate 7,500 megawatt-hours (MWh) of electricity each year and supply approximately half of regional power demand.
The facility will offset more than 1.9 million liters of diesel fuel annually, which will result in significant energy cost savings for the Bolivian government according to Yingli.
” Thanks to the combination of solar PV, energy storage, and diesel fuel generation in a single large-scale power plant, thousands of individuals in Bolivia now have access to reliable, clean electricity, which opens up dramatic possibilities for business development, education, and community empowerment,” said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.
In other recent Yingli news, the company says it has achieved the second highest average score on the Silicon Valley Toxics Coalition (“SVTC”) Solar Scorecard over the past five years. This year the company ranked no.3.
The Scorecard indicates how participating companies perform on SVTC’s sustainability and social justice benchmarks. Yingli is one of only two companies to have responded to the Solar Scorecard survey every year since 2010.
“From our aggressive carbon emission reduction targets to our philanthropic initiatives, we at Yingli are dedicated to sustainability and social responsibility across all aspects of our operations. We are honored that SVTC has recognized that dedication,” said Mr. Liansheng Miao.
Yingli Green Energy has shipped more than 10,000 MW of its solar panels (40 million+ modules) to customers worldwide; including Australia. Since the company was established in 1998, its annual manufacturing capacity has grown from 3 MW to 2.45 GW today.
The company plans to release its unaudited financial results for the quarter ended September 30, 2014, before the U.S. market opens on Tuesday, November 25, 2014.