The European subsidiary of Yingli Solar and Poland-based R Power will expand their joint project development program in Poland from 30 MW to 60 MW.
The two companies aim to develop the 60 MW of ground-mounted PV in time for inclusion in the auctions of 2016 and 2017. Each firm holds a 50% stake in the projects.
According to press information, development of the projects is well underway with the first bundle of projects already at advanced stages. This represents a positive step in expanding the footprint of solar electricity in this country.
“The extension of this strategic partnership exemplifies Yingli Europe’s successful global downstream project development business and strategy, which centers on identifying strong local partners to collaborate with in key regions of the world for project opportunities,” said Manuel Seiffe, Poland project director of Yingli Europe.
“This joint venture is an ideal set-up to co-develop, implement and commission projects across Poland. Yingli understands the complex development process and local business requirements as well as global energy trends and is an ideal partner for us to grow our business and to promote the benefits of solar energy in Poland,” added Przemyslaw Pieta, CEO of R.Power.
Supporting an EU commitment to renewable energy growth, Polish leaders have already announced they aim to have 15% of this country’s energy coming from renewables by 2020.
Wind energy in this country is expected to dominate the renewables portfolio in next year’s energy auctions, however, solar is expected to gain a significant share in the pie chart. According to the plans by the Polish Ministry of Economy, a total of 11 GW of RES installations shall be added by 2020.
R.Power, a leader in wind projects in Poland, also has one of the largest portfolios of PV projects in the country. “It has built up a team of highly experienced professionals with in-depth knowledge of the Polish energy sector,” said Liansheng Miao, Yingli chairman and CEO. “Together, we can expedite the deployment of solar, support Poland reaching its EU targets, and expand our footprint in the country.”
We think these companies will do just that.
Image via Yingli
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