Yingli Green Energy has announced that it completed grid connection for a 10 megawatt (MW) solar power plant in China's Hebei Province in late December 2014.
The solar power plant is located in Fuping, a mountainous region in western Hebei Province. It will produce more than 12,000 megawatt-hours (MWh) of electricity per year, which will meet nearly one fifth of Fuping County's residential power demand. Over the project's lifetime, the clean solar power it generates will offset the consumption of approximately 4,000 tons of coal and the emission of about 11,000 tons of carbon into the atmosphere, according to the company.
The project qualifies for a national feed-in tariff of CNY1 (US0.16) per kilowatt-hour (kWh) for 20 years, as well as additional incentives from the local government during its first three years of operation. Yingli is currently in negotiations with potential buyers of the project, the company said.
"In China we have approximately 400MW of PV projects under construction totally in 2014, over 200MW of which is expected to be completed by the first half of 2015. With the solid incentive policies now in the China solar market, we were able to accelerate construction timelines for many of these projects," commented Liansheng Miao, CEO of Yingli Green Energy.
