| Yingli Green's 50MW Solar Plant to Support Utility Grid - Analyst Blog | |
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Solar panel manufacturer Yingli Green Energy Holding Company Limited YGE or “Yingli Solar” announced that it has connected its 50 MW PV power plant, located in Hebei Province, China, to the utility grid.
The 50 MW PV power plant is the first and largest power plant in Handan City, Hebei Province. This province neighboring Beijing is one of the most polluted in China due to its thriving steel industry. This province has loads of coal based power generation units, supplying power to the steel industry. However, the State Council has ordered the Hebei Province to cut production of iron and steel to reduce smog.
The new solar project is expected to generate nearly 54 million kilowatt-hours of solar electricity annually, equivalent to offsetting about 50,000 tons of carbon emissions per year. This project will generate annual revenues of $8.7 million (RMB 54 million) from national feed-in-tariffs for the next 20 years.
Yingli Solar is planning to transfer this project to a third party, which is expected to be completed in the second half of 2015. With this, the company has added nearly 180 MW of green energy to the grid.
The State Council of China has set an ambitious target for the development of PV power generation by 2020. China aims to generate 100 gigawatts (“GW”) of solar power by 2020, which means additions of nearly 11 GW of PV power generation every year until 2020. Yingli Solar along with other Chinese solar cell producers like JA Solar Holdings Co., Ltd. JASO, JinkoSolar Holding Co., Ltd. JKS and Trina Solar Limited TSL will surely gain from the solar boom.
However, Yingli Solar has reported wider-than-expected losses in three out of the last four quarters, resulting in an average negative surprise of 89%. The company currently has a Zacks Rank #4(Sell).
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Yingli Green Energy Holding Co. Ltd.
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CODE : YGE |
ISIN : US98584B1035 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Yingli Green is based in China. Yingli Green is listed in Germany and in United States of America. Its market capitalisation is US$ 261.7 millions as of today (€ 224.0 millions). Its stock quote reached its highest recent level on May 15, 2009 at US$ 9.62, and its lowest recent point on November 30, 2012 at US$ 1.25. Yingli Green has 181 764 000 shares outstanding. |