Yingli Green Energy Holding Co. Ltd. has entered into a framework agreement with the local government of a county in Beijing regarding the proposed construction of a 10 MW solar power plant.
Under the framework agreement, a wholly-owned subsidiary of Yingli and an entity controlled by the county government would establish a new company to construct the plant. Subject to further negotiations, the construction of the project would be expected to begin in the second half of 2009.
‘We are excited about this opportunity to construct an on-grid solar power plant in Beijing, which would be the first solar power plant we construct and operate,’ says Liansheng Miao, chairman and CEO of Yingli.
SOURCE: Yingli
