China’s Yingli Solar is partnering with a number of high-profile players in its domestic market to achieve mutually beneficial endeavors and promote the country’s clean energy sector.
The Chinese solar panel making division of the debt-saddled company appears likely to be broken up after admitting creditors will take controlling stakes in its business units following the successful petition of a court in Hebei province.
Financial reports from PV manufacturers and shipment numbers from the first half indicate high market demand.
The engineering firm has signed a partnership agreement to collaborate with China’s Yingli Green Energy on the construction and connection of several PV projects in Chile, Colombia and El Salvador.
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