Yingli Green Energy, AMB Energia to develop 30 MW of solar power projects in Poland

31 July 2014 (Last Updated July 31st, 2014 18:30)

Yingli Green Energy International, a wholly-owned subsidiary of Yingli Green Energy Holding Company, has signed a collaboration agreement with AMB Energia Wytwarzanie (AMB Energia), a subsidiary of AMB Energia, for the development of 30MW of solar power projects in Poland.

Yingli Green Energy International, a wholly-owned subsidiary of Yingli Green Energy Holding Company, has signed a collaboration agreement with AMB Energia Wytwarzanie (AMB Energia), a subsidiary of AMB Energia, for the development of 30MW of solar power projects in Poland.

As part of the agreement, AMB Energia as a local partner will fully develop the projects, while Yingli will provide its support throughout all project stages.

The two companies are planning to sell the turn-key projects to investors.

Yingli Green Energy International head of project business Manuel Seiffe said, "In this strategic alliance, the partners will jointly work on co-developing a diversified project portfolio to be ready for inclusion into the auction system in 2015.

"AMB Energia as a local partner will fully develop the projects, while Yingli will provide its support throughout all project stages."

"As a leading developer in Poland, AMB Energia will engage in all stages of the development phases of the solar PV projects. This partnership will furthermore enhance our strong position in the project business as well as in the Polish market."

AMB Energia CEO Przemyslaw Pieta said, "It is a great honor to cooperate with the world's leading PV manufacturer on the development, implementation and commissioning of projects. We believe that the investment in a pipeline of early-stage project opportunities will bear fruit as early as in 2015."

The auctions will be conducted separately for planned renewable installations below and above 1MW with only ready-to-build projects allowed to participate.

Energy