Additional PV biz update - Yingli Green Energy the world's largest solar panel manufacturer going gangbusters.300MW of new PV solar plants to be developed and constructed.
Will they shop at the all new GTAT Super Solar Store and hire Merlin the Magician?
Why has David Keck been seen dancing in the streets in Hong Kong with a big sh't eating grin on his face?
Tuesday 15 April 2014
Yingli signs framework agreement with United PV for acquisition of 300MW solar plants.
Yingli Green Energy has announced that its wholly-owned subsidiary, Yingli Energy (Yingli China), has entered into a framework agreement with United Photovoltaic Group Limited (United PV) for the acquisition of China-based solar PV plants to be developed and constructed by Yingli Green Energy. United PV is a company listed on the main board of Hong Kong Stock Exchange.
According to the agreement, United PV will acquire at least 300MW of large-scale solar energy systems, which is eligible for certain criterions, from Yingli China from 2014-2016. The plants are located mainly in Hebei, Guangxi, Shanxi, Shandong, and other provinces. Yingli China's wholly-owned project companies will have 100% equity in the power plants, and are responsible for their development, construction, and operation. United PV will acquire the project companies from Yingli China after the grid-connection and inspection to meet certain criterions addressed in the agreement, said Yingli.
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