| Yingli Solar to Supply 130 MW Panels, Expand in China | |
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One of the largest solar panel manufacturers Yingli Green Energy Holding Company Limited YGE or Yingli Solar announced that it has signed several agreements with Qingdao New Energy Solutions Inc. to supply 130 megawatts (MW) of high quality solar panels.
The panels will be used in utility scale solar projects, industrial rooftop systems as well as BIPV agricultural solutions in Zhejiang, Inner Mongolia, Shandong and other provinces in China. Yingli Solar has begun to deliver the first 30 MW and expects to complete the delivery by the end of Sep 2015. Yingli Solar will supply the remaining 100 MW of solar panels by the end of the second quarter of 2016.
Yingli Solar will overall supply more than 500,000 multicrystalline YGE 60 Cell Series solar panels that are expected to generate nearly 150,000 megawatt-hours (MWh) of clean energy per year once operational. The green power generated from these panels will offset around 120,000 tons of carbon emissions annually.
Yingli Solar continues to expand its domestic operations. This July, the company through its subsidiary, Yingli China, has started to build a 50 MW solar power plant in Datong City, Shanxi Province, China.
On Sep 17, 2015, the company entered into a contract with CFC Group Construction Limited to supply 170 MW of solar panels for utility-scale power plants in China's Hebei province.
Chinese and Indian Solar Installation Goals
Both China and India have laid out plans to add massive solar power generation to address rising electricity demand and curtail pollution. China aims to add 100 GW of solar energy by 2020, while India targets 100 GW by 2022.
So, the emphasis to add solar generation and lower emission will help the Chinese solar module manufactures. Having a locational advantage over their North American peers, these high quality module manufactures are expected to supply the major share of the modules needed to develop utility scale solar plants in these two countries.
Zacks Rank
Yingli Green Energy currently has a Zacks Rank #4 (Sell). Some better-ranked stocks in the solar industry are JA Solar Holdings Co., Ltd. JASO, ReneSola Ltd. SOL and SolarEdge Technologies, Inc. SEDG. All three stocks currently sport a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report JA SOLAR HOLDGS (JASO): Free Stock Analysis Report RENESOLA LT-ADR (SOL): Free Stock Analysis Report YINGLI GREEN EN (YGE): Free Stock Analysis Report SOLAREDGE TECH (SEDG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Yingli Green Energy Holding Co. Ltd.
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CODE : YGE |
ISIN : US98584B1035 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Yingli Green est une société basée en Chine. Yingli Green est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 261,7 millions US$ (224,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 15 mai 2009 à 9,62 US$, et son plus bas niveau récent le 30 novembre 2012 à 1,25 US$. Yingli Green possède 181 764 000 actions en circulation. |