Yingli Green Energy one of the world's leading vertically integrated PV module manufacturers has this week revealed that it is to supply 54 MW of PV modules to seven solar projects in the U.K.
The Chinese company's multicrystalline YGE Series modules are to be used at seven sites across England and Wales, with Grid Essence U.K. Ltd. a wholly-owned subsidiary of Grid Essence Holdings Ltd. overseeing the development of each project.
Once complete, the seven sites will produce an estimated 54,500 MWh of green solar power per year. Each of the fully permitted projects is eligible to receive Department of Energy and Climate Change (DECC) Renewable Obligation Certificates, or ROCs. These ROCs can be sold or traded and are used by the U.K.'s electricity suppliers to meet renewable energy production obligations.
Yingli's CEO and chairman, Liansheng Miao, said the company was pleased to be partnering with Grid Essence on these projects, as well as providing a "positive contribution to the burgeoning solar industry in the U.K."
Steve Bourbonnais, CEO and co-founder of Grid Essence, added: "We are honored to cooperate with Yingli Green Energy on these projects, which are critical for us to achieve our renewable energy target within the next five years.
"By leveraging our track record of success in solar project development, and combined with Yingli Solar's great brand reputation, we are confident that this cooperation will bring us a sustainable growth."
Construction of the plants has already commenced, with the 54 MW of modules set to be shipped throughout the month of March. There were some delays on sites in southern England due to the heavy flooding that has affected parts of the country in the past few weeks.
For Yingli, 2014 has begun in bullish fashion. In addition to this U.K. announcement, the company also recently struck a deal to supply its monocrystalline PANDA Series modules to a range of residential and commercial PV projects being developed in Australia by solar company, Energy Matters.
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