Yingli Green aims to join 100-MW solar project in Dubai
May 27, 2014 - Chinese photovoltaics (PV) maker Yingli Green Energy Holding Co Ltd (NYSE:YGE) will take part in the tender for work on a planned 100-MW solar independent power producer (IPP) project in Dubai.
Dimitirios Bachadakis, the managing director of the company’s Munich-based business, said at a press conference today that Yingli will also pursue other opportunities in the Middle East through its UAE offices.
In April, the Dubai Electricity and Water Authority (DEWA) issued a tender for the particular solar station which is part of the larger 1-GW Mohammad bin Rashid Al Maktoum solar complex. Already, the project's first 13-MW phase has been completed in a desert near the Persiona Gulf. The 100-MW extension represents an investment of around AED 1 billion (USD 272m/EUR 200m).
The Middle East and North Africa (MENA) region needs to add as much as 15 GW of solar capacity by the end of the decade that would require over USD 50 billion (EUR 36.7bn) in investments, according to the Middle East Solar Industry Association and Meed Insight.