Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the world's largest vertically integrated photovoltaic ("PV") manufacturer, known as "Yingli Solar", today announced that the Company has supplied 10 megawatts of multicrystalline PV modules to Solarcentury Holdings Ltd. ("Solarcentury"), a leading solar company in the UK.
In terms of the agreement between Yingli and Solarcentury, the Company is the sole supplier and has completed the delivery of approximately 40,000 PV modules at the end of February.
These modules will be installed on the Isle of Sheppey which is located approximately 85 kilometers east of London, UK. The project will produce approximately 10,000 MWh of electricity per year, enough electricity to supply around 3,000 typical homes. The plant is being acquired by the Bluefield Solar Income Fund (BSIF), the first UK solar focused fund listed on the London Stock Exchange. BSIF has acquired GBP140 million of large scale solar assets in the UK since July 2013 and is advised by Bluefield Partners LLP.
"Solarcentury looks back on a strong partnership built on trust with Yingli Green Energy for more than five years with the intention to deepen the collaboration moving forward. We are delighted to continue this trusted partnership within the scope of this exciting project," said Mr. Matthew Boulton, COO of Solarcentury.
"As a strategic partner in the UK, we look forward to continuing our cooperation with Solarcentury, a company that has been around since the early days of the solar industry," said Mr. Ramin Dilmaghanian, Business Development Director UK, Yingli Green Energy.
"With roughly 2.5 GW of solar capacity in place in the UK, the country is set to become the largest solar market in Europe. We believe that solar can make a meaningful contribution to the country¡¯s target of 15% renewable generation by 2020 and beyond," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.
