Yingli Negotiating to Sell 50-Megawatt Solar Project in China

(Bloomberg) — Yingli Green Energy Holding Co., the second-biggest solar manufacturer, is negotiating with a potential
buyer for a 50-megawatt power project in China’s Hebei Province.

The solar farm is connected to the grid and the sale is
expected to be complete in the second half of this year,
Baoding, China-based Yingli said in a statement Monday. China
General Nuclear Power Group provided a 10-year loan of 300
million yuan ($48 million) to help build the project, which will
offset about 50,000 tons of carbon emissions annually.

Yingli is stepping up its efforts to build and sell solar
farms in addition to supplying panels to developers.

“We plan to accelerate our downstream activities moving
forward to both expand and diversify our revenue sources,”
Chief Executive Officer Liansheng Miao said in the statement.

Yingli was the largest panel maker until it was surpassed
last year by Trina Solar Ltd.

To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Will Wade, Carlos Caminada

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