Feb. 25, 2014 - Yingli Green Energy, known as "Yingli Solar", today announced that it will supply 54MW of solar modules to seven projects in the United Kingdom ("U.K.") that are developed by Grid Essence UK Ltd., a wholly-owned subsidiary of Grid Essence Holdings Ltd.
The Company's multicrystalline YGE Series modules will be installed in ground-mounted solar projects located in the south of England and Wales. Construction has already begun, and modules will be delivered between February and March 2014. Scheduled for grid connection by the end of Q1 2014, the seven solar power plants will generate an estimated total of 54,500MWh of green electricity per year.
The fully permitted projects are also eligible to receive Renewable Obligation Certificates (ROCs) issued by the United Kingdom Department for Energy and Climate Change (DECC). ROCs, which can be traded or sold, can be used by U.K. electricity suppliers to meet regulatory requirements to generate electricity from renewable resources.
"We are honored to cooperate with Yingli Green Energy on these projects, which are critical for us to achieve our renewable energy target within the next five years. By leveraging our track record of success in solar project development and combined with Yingli Solar's great brand reputation, we are confident that this cooperation will bring us a sustainable growth." commented Mr. Steve Bourbonnais, the Co-Founder & Chief Executive Officer of Grid Essence.
"We are pleased to partner with Grid Essence on these projects while at the same time making a positive contribution to the burgeoning solar industry in the U.K. In doing so, we will continue maintaining our leading position in this important market," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.