Yingli Green Energy Holding Co., Ltd (YGE.NYSE), one of the world's leading solar panel manufacturers in China, has announced that its holding subsidiary, Yingli Energy (Beijing) had inked an agreement with CFC Group Construction to supply the latter with 170 megawatts (MW) of solar panels for power plants in north China's Hebei province.
It is Yingli's largest solar panel supply agreement to date in China, the company said in a release on its website. Yingli will deliver over 650,000 multi-crystalline YGE Series solar panels to CFC Construction during the third quarter and fourth quarter of 2015, according to the agreement.
The panels will be installed in power plants located in the city of Zhangjiakou, one of Hebei province's major cities. Once operational, the panels are expected to generate more than 200,000 megawatt-hours of clean energy annually, offsetting approximately 120,000 metric tons (tonnes) of carbon emissions, according to the release.
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