Yingli Green Energizes 50-MW 'Top Runner' Project In China

Yingli Green Energy Holding Co. Ltd.’s (NYSE:YGE) wholly owned subsidiary, Yingli Energy (China) Company Limited, also known as Yingli China, added 50 megawatts (“MW”) to its downstream solar portfolio by finishing work on a project in Datong City, Shanxi Province, China.

The project came online at the end of last month. Yingli China had received the contract to build and develop the project in Jul 2015. The project is part of the "Top Runner" program under the country's National Energy Administration (“NEA”).

Located in the coal mining subsidence area of Datong – the first National Advanced PV Technology Demonstration Base, the project utilizes Yingli's TwinMAX 60 Cell bifacial series modules. It is expected to produce more than 80 gigawatt-hour (“GWh”) of electricity annually, which is sufficient to power about 37,000 homes. The amount of power generated will reduce more than 50,000 tons of carbon emission a year.

TwinMAX 60 is a frameless, double-glass module that employs Yingli's cutting-edge PANDA (n-type monocrystalline solar cell) technology in which boasts a module efficiency of almost 18.8%.

According to Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli, "This demonstrates the strong competitiveness of our products and we strive to continue our commitment to the development of advanced PV products with the mission of making solar energy affordable and accessible for everyone."

Yingli Green Energy is a leading vertically integrated manufacturer of photovoltaic products based in China. Yingli manufactures the entire photovoltaic value chain, including ingot casting and wafering, solar cell production and solar panel assembly.

However, the company faces stiff competition from the likes of ReneSola Limited (NYSE:SOL) , JA Solar Holdings Co., Ltd. (NASDAQ:JASO) and Canadian Solar Inc. (NASDAQ:CSIQ) among others.

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