Yingli Green Energy Holding Company Limited (NYSE: YGE), known as Yingli Solar, announced that it will supply 72 megawatts of multi- and monocrystalline solar panels to Solarcentury Holdings Ltd., a leading solar power company in the United Kingdom.
Under terms of the agreement, Yingli Solar will complete the delivery of approximately 168,000 solar panels to Solarcentury by the end of this year. The panels will be installed in projects across the UK. These projects will produce approximately 65,000 MWh of clean solar electricity per year, enough to supply around 21,800 typical UK homes.
"We are pleased to once more join forces with our trusted partner, Yingli Green Energy, for these exciting projects. We have worked together for a number of years, and the trust built up over that time makes it easier to execute on projects at this scale. Solar is still the most popular form of renewable energy among the UK public, unsurprising since developing our solar capacity stands to benefit many people and businesses. Also, by diversifying our energy mix, we can help improve the UK's energy security," said Mr. Matthew Boulton, Chief Operating Officer, Solarcentury.
"It is our pleasure to partner with Solarcentury, one of the most innovative companies in the UK and a long-term friend of Yingli. As we continue to see a strong solar market in the UK with a steady growth potential throughout 2020, we look forward to cooperate with this long-standing solar company on more exciting projects in the future," said Mr. Liansheng Miao, Chairman and Chief Executive Officer, Yingli Green Energy.