Yingli Signs an Agreement for PV Projects in the Dominican Republic

Baoding, China - Yingli Green Energy Holding Company Ltd. announced that its wholly owned subsidiary, Yingli Green Energy Europe GmbH ("Yingli Europe") has entered into an exclusivity agreement with an European EPC Partner ("Partner") to supply solar panels to PV projects that are expected to be developed and constructed in the Dominican Republic.

Baoding, China - Yingli Green Energy Holding Company Ltd. announced that its wholly owned subsidiary, Yingli Green Energy Europe GmbH ("Yingli Europe") has entered into an exclusivity agreement with an European EPC Partner ("Partner") to supply solar panels to PV projects that are expected to be developed and constructed in the Dominican Republic.

According to the exclusivity agreement, Yingli Europe expects to supply up to 200 megawatts ("MW") of solar panels to the Partner. The exclusivity period will run until mid-2019, during which the commercial terms are also fixed by the agreement. To date, 50 MW of projects are at the advanced stage with anticipated construction during 2017 and the balance of 150 MW is at the preliminary stages of the development.

Source: IWR Online, 12 Apr 2016