Yingli Green Energy (YGE) To Supply PV Modules To SDIC Huajing

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09:18:25 am on July 2, 2009

Yingli Green Energy just announced that it will supply its PV solar modules to SDIC Huajing. Yingli was selected by SDIC Huajing to supply the company with solar modules to power its 10 MW on-grid solar power plant project in Dunhuang, Gansu Province. The plant has already been given the green light by the province’s Development and Reform Commission.

In a company press release, executives from both companies commented on the agreement:

“We are pleased to be partnering with Yingli Green Energy, one of the leading global manufacturers of PV modules, to develop the Dunhuang project together,” commented Mr. Weidong Wang, General Manager of SDIC Huajing. “As a leading state owned electricity supplier, we have both the responsibility and opportunity to make renewable energy a reality in China, and we believe this 10 MW project demonstrates our commitment to this goal. Our advantage lies in our ability to leverage our established network of existing traditional power projects and manpower already on the ground in Gansu. We are confident that western regions such as Dunhuang will be big markets for solar power as they receive abundant natural sunlight and local governments are very open to investments by solar companies.”

“We are very pleased to have established this strategic alliance with SDIC Huajing,” commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. “As part of our strategy to build a greater presence in China’s domestic solar market, we are seeking to establish strategic relationships with leading grid companies, such as SDIC Huajing, whose wealth of experience in China’s power supply market gives them unique insights into the domestic solar market.”

Mr. Miao continued, “Moreover, the launch of this on-grid solar plant in Dunhuang demonstrates the Chinese government’s commitment to developing the renewable energy sector in China. As a leader in the global PV industry with more than ten years’ experience and a proven track record in key global solar markets, we believe Yingli Green Energy is well positioned to continue capturing growth both in the China market and worldwide.”

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