Yingli Green Energy Holding Company Limited (Baoding, China), known as "Yingli Solar," on June 3rd, 2015 announced that its joint venture with Shuozhou Coal Power Co., Ltd., a wholly-owned subsidiary of Datong Coal Mine Group Co., Ltd., has connected a 50 megawatt solar photovoltaic (PV) plant that it developed to the utility grid in Shanxi province, China.
Yingli holds a 30% equity stake in the joint venture, which was created to develop and construct utility-scale solar PV projects in Shuozhou City, one of Shanxi province's largest cities.
Approximately 170,000 multi-crystalline PV panels installed
Based on internal system performance estimates, the project is expected to yield annual revenues of RMB 64 million (Approx. USD 10.3 million) from national feed-in-tariffs (FiTs) annually for the next 20 years. The system contains approximately 170,000 multi-crystalline Yingli solar panels.
"We are pleased that our JV with Datong Coal Mine Group has connected this major project I Shanxi province, a region that has directly experienced the serious, negative ecological consequences of coal mining and combustion,” commented Liansheng Miao, Chairman and Chief Executive Officer of Yingli.
“Our new solar power plant is a boon to the local environment as well as to the local economy”.
2015-06-04 | Courtesy: Yingli Green Energy Holding Company Limited | solarserver.com © Heindl Server GmbH
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