Yingli Green (YGE) Plans to Construct a Solar Power Plant
Yingli Green Energy (YGE) today announced that it has entered into a agreement with the local government of a county in Beijing regarding the proposed construction of a 10 MW solar power plant. New company will be established to construct the plant.
“We are excited about this opportunity to construct an on-grid solar power plant in Beijing, which would be the first solar power plant we construct and operate,” commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. “We believe our participation in this project is in line with our strategy of expanding into downstream applications of PV technology and will further strengthen our vertical integration business model.”
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