Yingli Green's JV Connects 50 MW Solar Power Plant In China To The Utility Grid

(RTTNews) - Yingli Green Energy Holding Company Limited (YGE), a Chinese solar panel manufacturer, Wednesday announced that its joint venture or JV with Shuozhou Coal Power Co., Ltd., a wholly-owned subsidiary of Datong Coal Mine Group Co., Ltd. has connected a 50 megawatt solar power plant that it developed to the utility grid in Shanxi province, China.

Yingli said it holds a 30% equity stake in the joint venture, which was created to develop and construct utility-scale solar projects in Shuozhou City, one of Shanxi province's largest cities.

Based on internal system performance estimates, the project is expected to yield annual revenues of RMB 64 million or $10.3 million from national feed-in-tariffs each year for the next 20 years. The system contains approximately 170,000 multicrystalline Yingli Solar panels, and the electricity they generate is expected to offset about 77,000 tons of carbon emissions annually.