Yingli Green Energy and Borrego Solar Sign 40 MW Supply Agreement for 2015
Yingli Green Energy has announced that its subsidiary Yingli Americas, has entered into a solar panel supply agreement with San Diego-based Borrego Solar.
Under the terms of the agreement, Yingli Americas expects to supply Borrego Solar with up to 40 megawatts (MW) of solar panels in 2015. Borrego Solar plans to install Yingli's high-performing multicrystalline panels in commercial and utility solar projects across the United States.
Since the two companies entered into their first supply agreement in 2008, Borrego Solar has installed 114 MW of Yingli Solar panels. Last year, Borrego Solar completed several high-profile solar energy systems using Yingli panels, including the Anaheim Convention Center project (Anaheim, Calif., 2.4 MW dc); the First Wind Warren projects (Warren, Mass., 17.0 MW dc); and the Seneca project (Victorville, Calif., 8.3 MW dc).
"This supply agreement with Yingli allows us to continue providing our commercial and utility customers with the quality and cost competiveness they've come to expect," said Mr. Aaron Hall, president of Borrego Solar. "We source from a variety of technology vendors so that our engineers can design a system that is optimized for energy production and affordability. Our decision to continue working with Yingli is based on a strong six year track record and our confidence in their technology and operational support."
Mr. Robert Petrina, managing director of Yingli Green Energy Americas, commented, "Since its inception, Yingli Americas' strategic priority has been the development of long-term customer relationships with proven partners such as Borrego Solar. Our teams are closely aligned and we are determined to provide lasting support to benefit U.S. business owners and utilities."
Mr. Liansheng Miao, chairman and chief executive officer of Yingli Green Energy, commented, "We are happy to bring green jobs and clean power to the U.S. in partnership with Borrego Solar. We've had a chance to get to know their team since their beginning, and we are proud partners."
Yingli Green Energy recently announced that it reached more than 13 gigawatts (GW) of cumulative global solar panel deliveries by the end of the first quarter of 2015.
The Company's global fleet can now produce approximately 16 billion kilowatt-hours (kWh) of clean solar electricity each year, which is almost enough energy to meet the city of Beijing's residential power consumption in 2014. In total, the energy produced by all deployed Yingli Solar panels can offset nearly 9 million tons of carbon emissions each year, which is equivalent to taking about 1.7 million cars off the road.
"We are incredibly proud of reaching this historic milestone, which is a testament to both our innovative, high quality solar products and to our dedicated pursuit of Yingli's mission to bring green energy to all," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Together with our partners, we have made solar power -- and the significant environmental and economic benefits it provides -- accessible to communities in nearly every corner of the world."
