Yingli Green Energy signed several agreements with Qingdao New Energy Solutions, a provider of building-integrated photovoltaic and utility-scale solar solutions, for the supply of 130 MW of solar panels. Yingli has begun to deliver the first 30 MW and expects to complete the delivery by the end of September 2015.
According to the terms of the companies' supply agreements, Yingli will supply the remaining 100 MW of solar panels by the end of the second quarter of 2016. These panels will be used in utility-scale projects, industrial rooftop systems as well as BIPV agricultural solutions, in Zhejiang, Inner Mongolia, Shandong and other provinces in China.
In total, Yingli will provide NESI with more than 500,000 multicrystalline YGE 60 Cell Series solar panels that are expected to generate about 150,000 MWh of clean energy per year once operational. The clean energy they produce will offset about 120,000 tons of carbon emissions annually.
"We are pleased to begin collaborating with NESI, a comprehensive solar developer, and believe that together our companies will drive the adoption of BIPV and agricultural solar applications in China," commented Gang Wang, vice president of sales of Yingli Green Energy. "Our new partnership with NESI exemplifies Yingli's strategic effort to expand relationships with China's leading private enterprises, which has resulted in 350 MW of supply agreements with cash before delivery in 2015. With demand expected to grow in China through the second half of 2015, Yingli is focused on expanding our domestic footprint by strengthening our customer relationships and continuing to supply our high-quality products to this key market."