July 14 (SeeNews) - A partially-owned Americas unit of China’s Yingli Green Energy Holding Co (NYSE:YGE) has spun out a new solar startup, Amplify Energy Inc, which helps customers appraise the value of photovoltaic (PV) projects.
San Francisco, California-based Amplify Energy, which has been independently spun off from Yingli Green Energy Americas Inc, has commenced business operations today, it announced in a press release.
The new firm uses performance engineering and its proprietary PVSAT software to determine the extent to which performance meets expectations and then quantifies its impact on future revenue potential. Furthermore, it offers inspection and testing as well as consulting services to project developers.
"The competencies of Amplify Energy are based on years of research and development efforts at Yingli's former PV Testing Laboratory," said Robert Petrina, managing director of Yingli Green Energy Americas. The latter is one of Amplify Energy’s investors now.