Chinese manufacturer Yingli Green Energy is to supply 59MW of its modules to China Three Gorges New Energy (CTGNE).
The equipment will be used in three separate ground-mount utility-scale PV projects in Hebei and Gansu provinces and the Inner Mongolia Autonomous Region.
Delivery is scheduled for the end of 2013.
“We are delighted to further enhance our partnership with CTGNE, to whom we have supplied over 100MW of PV modules in the past,” said Liansheng Miao, chairman and chief executive of Yingli Green Energy. “Our on-going collaboration with large scale project developers like CTGNE is indicative of our strong leadership position in China.”
He added: “We have observed improved price and payment terms in recently signed agreements, which is evidence of China's domestic market growing more rational due to gradually balanced supply-demand.”
A spokesman for CTGNE: “We selected Yingli Green Energy to supply this significant utility-scale project primarily because of its track record of success with projects of this scale, its high-quality products, and superior post-sale support. These factors are critical to the successful construction of large-scale projects, and working with established, powerful suppliers like Yingli minimises risks in project development and operation.”
The state-owned CTGNE specialises in developing large-scale wind, solar and hydropower plants.