Yingli Green Energy has signed an agreement to supply 200MW of solar panels for several photovoltaic (PV) projects in the Dominican Republic.
The company’s wholly-owned subsidiary Yingli Green Energy Europe signed an exclusivity agreement with an unnamed engineering, procurement and construction (EPC) partner from Europe.
The exclusivity period under the agreement will last through mid-2019, during which the commercial terms are also fixed by the deal.
Yingli said 50MW of projects are at an advanced stage with expected construction during 2017. The remaining 150MW are at the preliminary stages of development.
Yingli Europe project manager Norman Luth said: "With the European market facing headwinds,we have continued to work alongside our long-term European Partners to help support the export of European know-how and experience to emerging markets around the world.
"This agreement illustrates the success of this approach underpinned by strong, flexible and transparent commercial relationships we have invested in for many years within the European arena."
Headquartered in Baoding, China, Yingli Green Energy has over 30 regional subsidiaries and branch offices. The company has distributed more than 14GW solar panels to global customers.