Yingli Green Energy has entered into a solar cell supply agreement for a 300 MW project located in Cestas in the South West of France.
The 360 million Euro project is being developed by Neoen, an independent French power producer.
Upon completion this will be the largest solar power park in Europe. It is expected to be connected to the grid in October 2015.
The company will supply 120 MW of YGE 72 Cell solar panels including more than 393,000 multi-crystalline panels between December 2014 and June 2015. This will comprise more than one third of the overall project.
The plant will provide electricity at 105 Euro per MWh, which is below the price of the United Kingdom’s new nuclear electricity. By driving down the cost of solar electricity, the project clearly demonstrates the increasing competitiveness of solar PV against traditional energy sources.
“We are honored to be part of this milestone project in the European PV market, and to be delivering a promising model that is driven by profitability and cost-competitiveness rather than dependence on public incentives,” said Liansheng Miao, chairman and CEO, Yingli Green Energy.
“Reaching grid parity is a reality now and we are pleased to partner with innovative European companies such as Neoen and Eiffage-Clemessy – they set a high standard and work hard every day to build a low-carbon economy across Europe,” Miao added.
Rajani Baburajan