Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which markets its products under the brand "Yingli Solar", announced that its subsidiary, Yingli Green Energy Americas ("Yingli Americas"), supplied 24 MW of solar PV modules to the largest solar project in the Caribbean. The recently-commissioned plant is located on 138 acres of land in Guayama, Puerto Rico.
Approximately 110,000 YGE 60 Cell Series modules are currently in operation at the utility-scale project, which generates enough electricity to power 6,000 homes. All electricity generated is being sold to the Puerto Rico Electric Power Authority (PREPA) under a 20-year power purchase agreement.
"We're pleased to be able to support realization of the first utility-scale project in Puerto Rico," Mr. Robert Petrina, Yingli Americas' Managing Director, said. "Yingli continues to be well-positioned in the emerging Caribbean market, which is predicted to grow exponentially within the next five years."
Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy, said, "We're continuously growing our presence in the utility market, and are proud to help new markets like the Caribbean diversify their power mix and take advantage of the increased affordability of solar energy."