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Yingli Green, Datong Coal switch on 50 MW of Shanxi PV

Chinese photovoltaics (PV) maker Yingli Green Energy Holding Co (NYSE:YGE) and state-owned firm Datong Coal Mine Group Co Ltd have successfully hooked to the grid a 50-MW utility-scale solar farm in Shanxi province.

The plant was developed and constructed by their joint venture (JV), in which Yingli Green holds a 30% stake, it said in a press release on Wednesday. The remaining 70% are owned by the mining enterprise’s unit Shuozhou Coal Power Co Ltd.

The PV park, located in the city of Shuozhou, uses approximately 170,000 multicrystalline Yingli Solar panels. It is estimated to yield annual revenues of some CNY 64 million (USD 10.3m/EUR 9.3m) from national feed-in-tariffs (FiT) over the next 20 years.

The solar farm is expected to generate enough electricity to offset about 77,000 tonnes of carbon dioxide (CO2) emissions each year, the manufacturer calculates. “We are pleased that our JV with Datong Coal Mine Group has connected this major project in Shanxi province, a region that has directly experienced the serious, negative ecological consequences of coal mining and combustion,” chairman and CEO, Liansheng Miao, noted. 

Yingli Green expects to complete between 400 MW and 600 MW of solar parks by the end of the year.

(CNY 1.0 = USD 0.161/EUR 0.145)

source: http://renewables.seenews.com