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 25 MW of solar PV modules to Arizona's Queen Creek Solar Farm. The project is owned by PSEG Solar Source, and was developed and built by Colorado-based engineering, procurement and construction contractor, juwi solar Inc.
All electricity produced by the Queen Creek Solar Farm is being purchased by the Salt River Project, the nation's third-largest investor-owned utility, through a 20-year power purchase agreement. The installation used over 90,000 Yingli 72 Cell Solar modules affixed and operating on a single axis solar tracking system to maximize performance, and will generate enough electricity to power approximately 3,300 homes in the greater Phoenix metropolitan area.The Queen Creek Solar Farm is one of several large-scale solar projects situated in desert locations that use Yingli Solar modules, which have a strong track record of success in arid conditions.
Mr. Michael Martin, CEO of juwi solar Inc., commented, "The Queen Creek Solar Farm achieved commercial operation less than one year after our groundbreaking, which is a highly efficient construction schedule for a project of this magnitude. Yingli Americas's sophisticated logistical support and flexibility was a key factor in the successful construction and commissioning of the entire system."
Mr. Robert Petrina, Yingli Americas' Managing Director, said, "This project is another great example of Yingli Green Energy's continued success in the utility-scale sector in the United States. Our team worked hard to deliver our client the level of quality and product assurance that utility projects demand. We're proud to be part of this milestone project and to have joined efforts with such valuable partners as juwi solar."
"We're pleased to be part of one of the biggest operational solar projects in the U.S. – this certainly cements our leadership role in the utility space," noted Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.
