Dec 6 2010
Yingli Green Energy Holding Company, a manufacturer of solar photovoltaic modules under the brand name Yingli Solar, declared that it has been selected for the Gold Sun Program sponsored by the Chinese Ministry of finance. The program has declared a total of 272 MW photovoltaic projects and the company is anticipated to garner around 70% of the PV modules supply for the projects.
The company has signed sales agreements with a number of system owners who are to be covered under the program and it has planned its maximum percentage of the module shipments during the second half of 2011. The guidelines issued by the ministry will provide 70% funding as subsidy to the supplying company on close of the sales agreements and on completing and fulfilling the required application procedures before making actual delivery of the product.
Liansheng Miao, Yingli Green Energy’s Chairman and Chief Executive Officer, said that his company felt honored over its selection for the program and anticipates that it will provide enough mileage for the company to expand in the solar market of China. He commended the efforts of the Chinese government in giving a boost to its renewable energy programs and recalled how the government declared its expectations to complete 1,000 MW solar power installations every year after 2012. He explained that, as a China- based company, Yingli Green Energy has shown its dedication to the announced Golden Sun Program. He said that his company will respond to the call of the Government by providing high yielding solar PV products by utilizing its latest technical expertise. He concluded that the move will ultimately reduce the reliance on the German solar markets and will allow China to fortify its long-term growth strategies.