Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, known as "Yingli Solar," today announced that its holding subsidiary, Yingli Energy (Beijing) Co., Ltd. ("Yingli Beijing"), has begun the construction of a 20 megawatt (MW) solar power plant located in Shule County, Xinjiang Province, China.
Upon its completion in the second quarter of 2015, the project will generate approximately 28 million kilowatt-hours (kWh) of electricity annually, which is enough to meet nearly 30 percent of Shule County's residential power demand. It will offset about 17,000 tons of carbon emissions each year, which is equivalent to planting over 21 million trees.
"It is an honor to bring solar power to Shule County for the very first time, and we applaud the local government's efforts to encourage renewable energy project development. We aim to expand our operations and accelerate the growth of the clean energy economy throughout Xinjiang Province, where we have already developed over 100 MW of solar projects," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.
