NESI provides agricultural and industrial building-integrated photovoltaic (BIPV) and utility-scale solar solutions and is headquartered in Qingdao, Shandong Province, China. By the end of 2014, it completed 230 MW of distributed rooftop PV projects and began started the construction of approximately 400 MW agricultural PV greenhouse projects, throughout 18 provinces in China, including Shandong, Tianjin, Hebei, Shanxi, Inner Mongolia, Zhejiang, Yunnan, etc. In 2015, NESI plans to build 500 MW of agricultural PV greenhouse projects.
Yingli has already begun to deliver the first 30 MW and expects to complete the delivery by the end of September with the remaining 100 MW supplied by the end of the second quarter of 2016. The panels will be used in utility-scale projects, including industrial rooftop systems as well as BIPV solutions, in Zhejiang, Inner Mongolia, Shandong and other provinces in China. In total, Yingli will provide NESI with more than 500,000 multicrystalline YGE 60 Cell Series solar panels generating an expected 150,000 MWh of clean energy per year once they are operational. This in turn will offset about 120,000 tons of carbon emissions annually.
“As a leading supplier of agricultural and BIPV solutions in China, we are excited to begin our partnership with Yingli and expect the company to become one of our preferred suppliers” said Mr. Shen Jianfei, Chief Operations Officer of NESI. “In August, NESI announced our collaboration with several state-owned banks and other entities to establish China's first agricultural PV project fund. As such, we intend to gradually increase our exposure to solar PV assets and hope to continue partnering with Yingli as we do so.”
Mr. Gang Wang, Vice President of Sales of Yingli Green Energy, added that the companies are aiming to drive the adoption of BIPV and agricultural solar applications in China and that the new partnership is part of Yingli’s strategic effort to expand relationships with China’s leading private enterprises. This has resulted in 350 MW of supply agreements with cash before delivery in 2015 so far. The company expects demand in China to grow throughout the second half of 2015 and is focussed on expanding its domestic footprint in China.
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