Yingli Green Energy Holding Co. Ltd. has completed grid connection for a 10 MW solar power plant in China's Hebei province.
The solar power plant is expected to produce more than 12 GWh of electricity per year, which will meet nearly one-fifth of the residential power demand in its county. The project qualifies for a national feed-in tariff of $0.16/kWh for 20 years, as well as additional incentives from the local government during its first three years of operation.
Yingli is currently in negotiations with potential buyers of the project.
‘With the solid incentive policies now in the Chinese solar market, we were able to accelerate construction timelines for many such projects,’ says Liansheng Miao, chairman and CEO of Yingli Green Energy.