Yingli Green Energy Holding Company Limited today announced that it has signed a landmark agreement to supply 120MW of YGE 72 Cell solar panels for a 300MW project in France. Upon completion this will be the largest solar power park in Europe.
According to the agreement, Yingli Solar will ship more than 393,000 multicrystalline panels between December 2014 and June 2015. The solar park located in Cestas in the South West of France, covering 250 hectares of land divided in 25 solar plants, is expected to be connected to the grid in October 2015. The 360 million Euro project is being developed by Neoen. For the engineering and construction, Neoen and the project's other investors contracted with a consortium of local companies, including Eiffage-Clemessy and Schneider Electric.
"One important step for a project of such immense proportions is to gain the trust of investors and banks, which involves choosing the right partners. We are confident that our decision to work with Yingli, well recognized for their reliable services will help us to meet the challenging project program while ensuring the long term performance of the plants," said Mr. Patrick de Labrusse, Cestas Project Director, Eiffage-Clemessy.
"We are honored to be part of this milestone project in the European PV market, and to be delivering a promising model that is driven by profitability and cost-competitiveness rather than dependence on public incentives," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer, Yingli Green Energy. "Reaching grid parity is a reality now and we are pleased to partner with innovative European companies such as Neoen and Eiffage-Clemessy – they set a high standard and work hard every day to build a low-carbon economy across Europe."