Hainan Solar Power Co. Ltd. (HNSP), a joint venture of Yingli Green Energy Holding Co. Ltd. and two state-owned companies, says it has developed more than 100 MW of solar projects in Hainan province, China, since its establishment in 2009.
HNSP was formed to develop solar, wind and hydropower projects in the island province. The installations include utility-scale power plants, residential and commercial rooftop systems, agricultural photovoltaic applications, building-integrated PV projects, and off-grid applications. The joint venture owns all of these solar projects, which were developed with a total investment of approximately $231.5 million.
Two-thirds of these solar projects are connected to the utility grid. In addition to serving as HNSP's exclusive PV module supplier, Yingli Solar also provides engineering, procurement and construction services for some of the projects.
‘China is looking to PV as a key strategy for tackling its great energy demand, strengthening environmental protection and deepening ecological civilization, which means that China's solar market is brimming with great potential,’ says Liansheng Miao, chairman and CEO of Yingli Green Energy.