Yingli Green Energy Holding Company Limited, the world leading solar panel producers, today announced that it has recently signed a number of agreements with Qingdao New Energy Solutions Inc, a leading provider of agricultural and industrial building-integrated photovoltaic and utility-scale solar solutions, for the supply of 130 MW of top-quality solar panels. Yingli has started providing the first 30 MW and expects to complete the delivery by the beginning of October 2015.
According to the terms of the companies’ supply agreements, Yingli will supply the remaining 100 MW of solar panels by the end of the second quarter of 2016. These panels will be used in utility-scale projects, industrial rooftop systems as well as BIPV agricultural solutions, in Zhejiang, Inner Mongolia, Shandong and other provinces in China.
In total, Yingli will provide NESI with more than 500,000 multicrystalline YGE 60 Cell Series solar panels that are expected to generate approximately 150,000 megawatt-hours (MWh) of clean energy per year once operational. The clean energy they produce will offset about 120,000 tons of carbon emissions annually.
“As a leading supplier of agricultural and BIPV solutions in China, we are excited to begin our partnership with Yingli and expect the company to become one of our preferred suppliers,” commented Mr. Shen Jianfei, Chief Operations Officer of NESI. “In August, NESI announced our collaboration with several state-owned banks and other entities to establish China’s first agricultural PV project fund. As such, we intend to gradually increase our exposure to solar PV assets and hope to continue partnering with Yingli as we do so.”
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), known as “Yingli Solar,” is one of the world’s leading solar panel manufacturers. Yingli Green Energy’s manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar panel assembly. Headquartered in Baoding, China, Yingli Green Energy has more than 30 regional subsidiaries and branch offices and has distributed more than 14 GW solar panels to customers worldwide.