Yingli Green Energy Holding Company Limited (NYSE: YGE), known as Yingli Solar, announced it has supplied 15.5 megawatts (MW) of solar panels to Marina Energy. Marina is a photovoltaic (PV) project developer and engineering, procurement, and construction (EPC) provider that is wholly-owned by South Jersey Industries (NYSE: SJI), a holding company for several New Jersey-based energy and energy services providers.
Marina installed Yingli’s highly durable, utility-scale multicrystalline YGE-U Series panels in three ground-mounted solar power plants in New Jersey: Frankford Solar, a 10 MW project located in Branchville; Holland Solar, a 3.5 MW project located in Holland; and Brickyard Solar, a 2 MW project located in Farmingdale.
All three facilities are expected to be fully commercially operational by Q3 of this year. In total, they will generate approximately 17.5 million kilowatt-hours (kWh) of clean solar energy per year, which equals the energy demand of about 2,000 typical New Jersey households. The electricity produced by these projects will offset over 12,000 tons of carbon emissions over the systems' lifetimes, which is equivalent to removing nearly 9,900 cars from the road.
"Marina selected Yingli for these projects because they provided the best availability and product quality. They have proven to be a highly reputable company and we are proud to work with them," commented David Robbins, president of Marina Energy.