Sept. 11, 2013 - Yingli Green Energy today announced that its wholly-owned subsidiary, Yingli Energy (China) Company Limited ("Yingli China"), will supply 28MW of multicrystalline YGE Series PV modules to the State Grid Corporation of China ("SGCC").
Yingli Green Energy's modules will power 28MW out of three solar projects being developed by SGCC in Zhangbei County, Hebei Province. These installations, totaling 60MW, are part of the second phase of China's National Wind/PV/Energy Storage and Transmission Joint Demonstration Project ("the 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 an innovative demonstration that integrates different renewable energy technologies with smart transmission and storage technologies with the goal of delivering green energy across the grid at-scale.
"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 Mr. 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."
