The Chinese PV panel manufacturer says the 50 MW plant is both the first and largest of its kind in Handan City. It adds that over the next 20 years, a revenue of RMB 54 million (US$8.7 million) will be generated from feed-in tariffs.
Overall, Yingli received a 10-year, RMB 300 million ($48 million) financing facility from CGN International Finance Leasing for the project. The company is currently in negotiations to transfer the project to an unidentified third party. The transaction is expected to be completed in the second half of the year.
"With this 50 MW project, Yingli has now successfully connected approximately 180 MW of projects to the utility grid. We plan to accelerate our downstream activities moving forward to both expand and diversify our revenue sources," commented Liansheng Miao, Yingli chairman and CEO.
China recently raised its solar PV 2015 installation target from 15 to 17.8 GW. In its latest Renewable Energy Country Attractiveness Index, Ernst & Young (EY) reports that the Chinese government has requested detailed action plans for achieving this from 26 provinces. Overall, China topped both EYs renewable energy and solar indices.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.