Yingli 500MW China distributed PV JV

Yingli modules

Yingli modules

Yingli Solar has finalised plans for a joint venture with the renewables subsidiary of state-owned China National Nuclear Corporation (CNNC), taking aim at China’s under-developed distributed-generation market.

The JV, with CNNC unit China Rich Energy Corp., will target 500MW of initial distributed-generation capacity across China, at least 200MW of which will be built on CNNC sites.

The agreement – announced just days after Yingli unveiled plans for a separate JV with a unit of state-owned coal giant Datong Coal Mine Group – comes amid a push by Beijing to bring a greater sense of unification to China’s broader energy goals, a programme which includes shaking out many smaller, uncompetitive PV manufacturers.

In November the Chinese government ramped up its target for 2014 PV installations to 12GW, including 8GW Log in to read complete article.

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