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China’s Yingli Green wins panel deal for 200 MW of solar parks in Dominican Republic

Yingli Green solar park. Author: greenXmoney. License: Creative Commons, Attribution-NoDerivs 2.0 Generic.

April 12 (SeeNews) - Chinese photovoltaics (PV) maker Yingli Green Energy (NYSE:YGE) said Tuesday it has bagged a deal for the supply of as much as 200 MW of solar panels for various projects in the Dominican Republic.

The company’s wholly-owned unit Yingli Green Energy Europe GmbH has signed an exclusivity agreement with an unnamed engineering, procurement and construction (EPC) partner from Europe. The exclusivity period under the deal will last through mid-2019, the parent’s press release shows.

So far, 50 MW of the PV projects have reached advanced development stages with construction expected to kick off next year. The remaining part of the portfolio, which includes solar schemes with a combined capacity of some 150 MW, is currently in a preliminary stage of development.

“With the European market facing headwinds, we have continued to work alongside our long-term European Partners to help support the export of European know-how and experience to emerging markets around the world,” Yingli Europe project manager, Norman Luth, noted.

The commercial terms of the pact are fixed in the agreement, Yingli Green said.  

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Militsa is mainly focused on the Chinese market and the rest of Asia with solar energy and offshore wind as her mantras.

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