Yingli Green Energy (YGE) Announces One Strategic Alliance And Two Joint Ventures

Yingli Green Energy just made some announcements about its company plans for the China market. First, Yingli has formed a strategic alliance with  Guangdong Nuclear Power Holding Co. The companies will work together to find opportunities for on-grid solar projects, both in China and in other countries.

Yingli also announced the creation of two new joint ventures, Hainan Yingli and Hainan Green Islands Power Company Limited. Hainan Yingli is a joint venture between Yingli Green Energy and Hainan Provincial Development Holding
Company Limited, and will build facilities to manufacture 100 MW worth of PV ingots and wafers, PV cells and PV modules. Yingi will have an 80% interest in the project.

Hainan Green Islands Power Company will be a joint venture between Yingli Green Energy, Hainan Development and
Hainan Provincial Water Conservancy & Power Group Company Limited. Yingli has a 20% interest in this venture, which will aim to develop 300 MW of on-grid solar power projects in Hainan Province over the next 3 years.

In a press release, Mr. Liansheng Miao, Yingli’s Chairman and CEO, commented on the developments:

“We are very excited to be participating in the development of China’s PV industry. Following the launch of China’s PV incentive policies, including the Ministry of Finance’s announcement yesterday of the Golden Sun Demonstration Program, a subsidy program for the PV industry in China, and the kick-off of the construction of a 10 MW on-grid solar plant in Dunhuang, we expect there will be many additional near-term opportunities in the China market. As one of the world’s leading PV players and a pioneer in China’s domestic PV industry, we are actively seeking opportunities to expand our market footprint through cooperation with provincial and municipal governments as well as leading utilities companies.”


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