Yingli Green Energy Holding Co. Ltd. has started construction of two ground-mounted photovoltaic plants with a combined capacity of 25 MW in Hebei province, China.
Yingli Green Energy will supply the PV modules to be used in the projects, which the company says have the required grid interconnection permissions. Once completed, they will generate approximately 28.7 GWh of electricity per year.
The total investment in the projects is expected to be at least $33 million, approximately 75% of which will be funded by committed loans from domestic banks and approximately 25% of which will be provided by Yingli China. The company says it is in negotiations with a potential buyer for the projects.