I ran into Yingli Green Energy during the InterSolar North America conference a few weeks back in San Francisco. Today Yingli Solar, the brand that the company markets its photovoltaic (PV) products under, announced that its PV modules were installed in the largest solar plant in Greece. Yes, it would be odd if a solar plant did not create its energy from solar but strangely enough this happens. The 10 megawatt (MW) utility-scale solar project is located in Larisa and is estimated to produce enough solar power to energize nearly 3,700 homes.
The project was developed by Selected Textiles S.A., a Greece-based textiles group, through its wholly owned subsidiary, Selected Energy S.A., which specializes in the development and operation of renewable energy sources projects including solar and biomass energy. The construction company was Biosar Energy S.A., also a Greece-based solar system specialist that in addition offers maintenance and management services. The project was financed on a long term, non-recourse basis from the Project Finance team of Piraeus Bank. Piraeus Bank Group is the leading bank in Greece in green business financings.
“We are pleased to cooperate with STIAFILCO and Biosar to complete the largest solar plant in Greece,” said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. “Because of the country’s favorable natural solar irradiance and the Greek government’s strong commitment to renewable energy, Greece is considered an important market for PV. We continue to see increasing demand for our premium-quality solar products, which further confirms our leadership position in this market.”