Yingli Green Energy (YGE) announced at the North American Intersolar conference today that it will provide 15MW of solar modules to Kaiser Permanente hospitals and office facilities across California. They will deliver around 65K modules over the next year to Swinerton Renewable Energy which is the designer and installer of the solar power systems. Recurrent Energy will own and operate the 16 power systems. No word on the financials of the deal.
“We are expanding our business across all major solar markets and have become one of the leading module suppliers in the United States,” said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. “As today’s announcement demonstrates, we continue to be selected for some of the nation’s most visible and exciting solar projects.”
YGE shares are up about 2% in premarket trading, but will soon face tough resistance of the 200 day moving average around the 12.50 area.