Yingli Solar, a vertically integrated PV module manufacturer, recently announced that it will provide engineering, procurement and construction services to the Electricity Generating Authority of Thailand (EGAT) for a 5 MW solar power plant in Thailand as a member of a four-party consortium.
The newly formed consortium is composed of Yingli Solar, HYDROCHINA International Engineering, POWERCHINA, Hebei Electric Power Design & Research Institute and Thailand’s Wattanasuk Engineering.
Under the terms of the contract, the consortium is responsible for engineering, procurement and construction of the 5 MW Thap Sakae PV Power Plant, located in Thap Sakae, Prachuap Khiri Khan Province, in southern Thailand. The $19.4 million solar project is now under construction with commercial operation expected to begin in May 2015.
The project was designed to use both crystalline silicon PV modules and thin film PV modules. Yingli Solar will supply 1 MW of polycrystalline silicon modules for the project in the third quarter of 2014 and the consortium will procure the thin film modules from third party suppliers. The project is financed by EGAT.
“As demand for electricity rises in Thailand, we believe that solar PV will play an increasingly important role in our energy mix, thanks to our country’s abundant solar resources,” says Mr. Soonchai Kumnoonsate, the Governor of EGAT.
POWERCHINA is a state-owned enterprise that provides world-leading EPC services in the development of hydropower, water works, thermal power, new energy, and transmission and distribution projects, in addition to the fields of infrastructure, equipment manufacturing, real estate and investment. EGAT is Thailand’s leading state-owned power utility under the Ministry of Energy, responsible for electric power generation and transmission for the whole country as well as bulk electric energy sales.
“This agreement marks a new milestone in Yingli’s long-term strategy to move downstream as a solar energy solutions provider,” says Mr. Liansheng Miao, Chairman and CEO of Yingli Solar. “In addition to driving our long-term efforts to grow our company’s downstream business operations, this agreement will help Yingli to further expand our influence and presence in the fast-growing South East Asia solar market.”
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