The joint venture has developed the 100MW projects since its establishment in 2009 with a total investment of around $231.5m, while Yingli Solar was the exclusive module supplier for all the projects.
Owned by Hainan Solar Power, the solar projects include utility-scale power plants, residential and commercial rooftop systems, agricultural PV applications, building-integrated PV projects, and off-grid applications with two-thirds of them are grid connected.
Yingli Solar, which owns a 27.7% stake in the joint venture following several rounds of capital increases, has also provided EPC services for some of the projects.
Hainan Solar Power general manager Xu Xiangcheng said "The joint venture has been committed to becoming an excellent clean energy supplier to undertake social responsibility and provide green power for the society."
"We are deeply grateful to all parties involved for helping us make remarkable accomplishment in developing solar power projects, and especially to Yingli Solar, whose high quality modules and rich downstream experience were critical factors to our success.
"With the joint efforts of all parties, we believe HNSP will develop more aggressively and faster in solar project business," added Xiangcheng.
Image: Yingli Solar’s subsidiary develops 100MW of solar projects in Hainan Province, China. Photo: courtesy of Freedigitalphotos.
