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", has announced that its wholly-owned subsidiary, Yingli Green Energy Singapore Company Pte. Limited ("Yingli Singapore") will supply 1 MW of multicrystalline PV modules to SolarGy Pte. Ltd. ("SolarGy"), a professional PV system integrator based in Singapore.
Located at the Ulu Pandan NEWater Plant, the 1 MW PV project (the "Project") is owned by K-Green Trust and will be managed by Keppel Seghers NEWater Development Co., Pte. Ltd. ("KSND"). SolarGy is responsible for the engineering, procurement and construction ("EPC") of this project.
When completed in February 2013, the Project is expected to be the largest solar PV installation at one single location in Singapore. The Project will utilize around 4,000 pieces of Yingli 245 Wp high efficiency multicrystalline modules over the roofs of the plantrooms spanning an area of approximately 10,000 square meters. It is estimated that the 1 MW solar power plant will be able to generate approximately 1,200,000 kWh of clean energy a year, equivalent to the average electricity consumption of 250 four-room residential apartments in Singapore.
"Since its opening in 2011, our regional headquarters in Singapore has continuously driven our sales and business development in Southeast Asia," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy."It is a pleasure for us to work with SolarGy and KSND to power the largest solar project in Singapore. We'll continue to build our success in this region and look forward to serving more customers with our high quality products."
Mr Albert Lim, Managing Director of SolarGy Pte Ltd, Singapore, said, "This is by far the single largest PV project in Singapore. We are confident that SolarGy will be able to deliver a high standard using Yingli modules. We are excited about this green project which will have significant contribution in the reduction of carbon footprint and are now proceeding in earnest with the EPC contract."