Yingli Green Energy Holding Company Limited, a solar panel manufacturer, recently agreed to supply 240 megawatts of solar panels for the two largest hybrid solar photovoltaic and concentrated solar power plants in Latin America.
"Our demonstrated ability and proven experience supplying large-scale hybrid solar power plants, including the projects announced today as well as PV-diesel systems, will be a compelling differentiator for Yingli,” Liansheng Miao, chairman and CEO of Yingli, said. “Demand for these innovative applications is growing, especially in emerging markets, and we are committed to meeting that demand worldwide with our high quality products."
Yingli will provide more than 780,000 multi crystalline utility-scale YGE 72 Cell solar panels to the projects in northern Chile, to be installed in two phases. They each will be equipped with 110 megawatts of concentrated solar power and 17.5 hours of thermal storage.
The first phase of panel deliveries was recently completed, and the second phase will start in August.
The two projects will offset approximately 385,000 tons of carbon emissions each year.
"We are pleased to be the exclusive solar PV panel provider for the two largest hybrid solar power plants in Latin America," Fernando Calisalvo, managing director of Yingli Green Energy Spain, said. "We believe that supplying projects of this magnitude and significance will cement our leadership position in Latin America, one of the world's highest potential emerging markets."
The first power plant is estimated to be operational by mid 2016.