Published on March 23rd, 2014 | by Zachary Shahan1
Yingli Green Energy To Supply 54 MW Of Solar Modules For 7 UK Solar Projects
March 23rd, 2014 by Zachary Shahan
Yingli Green Energy (aka Yingli Solar), which is the “largest vertically integrated photovoltaic (‘PV’) module manufacturer in the world,” was recently selected to supply 54 MW (54,000 kW) worth of solar PV modules for 7 solar projects in the UK being developed by Grid Essence UK. Here are some more details, via a recent press release:
The Company’s multicrystalline YGE Series modules will be installed in ground-mounted solar projects located in the south of Englandand Wales. Construction has already begun, and modules will be delivered between February and March 2014. Scheduled for grid connection by the end of Q1 2014, the seven solar power plants will generate an estimated total of 54,500 MWh of green electricity per year.
The fully permitted projects are also eligible to receive Renewable Obligation Certificates (ROCs) issued by the United Kingdom Department for Energy and Climate Change (DECC). ROCs, which can be traded or sold, can be used by U.K. electricity suppliers to meet regulatory requirements to generate electricity from renewable resources.
“We are honored to cooperate with Yingli Green Energy on these projects, which are critical for us to achieve our renewable energy target within the next five years. By leveraging our track record of success in solar project development and combined with Yingli Solar’s great brand reputation, we are confident that this cooperation will bring us a sustainable growth.” commented Mr. Steve Bourbonnais, the Co-Founder & Chief Executive Officer of Grid Essence.
Yingli Solar is also a sponsor of the upcoming 2014 FIFA World Cup in Brazil, supplying over 1,500 solar panels for the Maracanã Stadium (one of several World Cup stadiums going solar), and it was a sponsor of the 2010 FIFA World Cup in South Africa..
Full disclosure: I own stock in Yingli Green Energy.
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