Yingli Solar, a vertically integrated photovoltaic (PV) module manufacturer, said its wholly owned subsidiary, Yingli Green Energy Spain signed a 31.6 MW supply agreement with Gestamp Solar, a Spanish developer and operator of utility-scale PV systems for a solar power plant in Daigo, Japan.
According to the agreement, Yingli will deliver more than 125,000 multicyrstalline YGE 60 Cell Series modules to Gestamp Solar between October 2014 to February 2015. The 31.6 MW solar power plant will be situated on a former golf course in the town of Daigo, located in Japan’s Ibaraki Prefecture. The system is expected to generate approximately 32.730 GWh/year of clean electricity, and utility grid interconnection is anticipated in the second quarter of 2015.
This is the first solar project developed by Gestamp Solar in Japan, and is also one of the largest utility-scale projects to be developed by a foreign company in Japan. Gestamp Solar is the sole proprietor of the project.
“It is the largest single solar project to secure non-recourse financing in Japan and we are confident to see more projects on a similar scale in the future,” said Jorge Barredo, CEO of Gestamp Solar.