China-based module manufacturer Yingli Green Energy (NYSE: YGE) said it will supply 27.5 megawatts of photovoltaic modules for a utility scale solar power project in Israel - its biggest supply agreement in both the country and the Middle East.
"We look forward to embracing future opportunities to utilize the Middle East's abundant solar resources in close cooperation with leading solar companies in the region," said Yingli new market development director Manuel Seiffe.
Through local distribution partner Ledico, Yingli is providing modules for the solar plant that spans more than 1 million square meters. The plant has been named a National Infrastructure Project by the Israeli Government, reNews reported. Yingli is expected to finish with delivery in April.
"This supply agreement builds upon our long-standing relationship with Ledico Ltd., our local distribution partner in Israel, and it also extends our presence and visibility throughout the region," said Yingli Green Energy Chief Executive Officer Liansheng Miao. "We view Israel as an important and sustainable growth market with the potential to reach more than 340 MW of installed solar PV capacity in 2014."