Yingli
Green Energy Holding Company Limited YGE ("Yingli Green Energy" or
the "Company"), the largest vertically integrated photovoltaic ("PV") module
manufacturer in the world, known as "Yingli Solar", has expanded its
footprint in the Americas by opening the Company's third Latin American
office in Santiago, Chile.
To facilitate the opening of the new office and Yingli's growth in the
Chilean solar market, Yingli has brought on Mr. Robert Muhn to serve as
Managing Director of Yingli Green Energy Chile. Under his leadership, the
Santiago office will initially focus on the country's burgeoning
utility-scale solar market segment, where Mr. Muhn will build on the
Company's track record of success in supplying large-scale solar plants in
Latin America. Thanks to its strong partnerships with leading global project
developers and EPCs operating in Latin America, Yingli has already deployed
more than 25 megawatts (MW) of solar modules in Chile.
"Chile is a high-potential solar market and home to some of the strongest
solar irradiation in the world, particularly in the Atacama Desert," noted
Mr. Robert Muhn, Managing Director of Yingli Green Energy Chile, "While we
see tremendous growth potential in Chile's utility-scale market, we also
anticipate that the country's relatively high electricity prices and strong
solar resources will provide a foundation for a thriving and sustainable
distributed generation market in the future."
As demonstrated by the Company's long-standing presence in the region, the
South and Central American solar energy markets are a major strategic
priority in Yingli's long-term global development plans. In addition to
Yingli's permanent offices in Mexico City, São Paolo, and Santiago, the
Company also maintains warehouses and inventory in both Mexico and Brazil,
which expedite and streamline regional module deliveries.
"Our continued investments in Latin America are a reflection of our
confidence in this key emerging market's long-term growth potential," said
Mr. Jeffrey Barnett, Vice President of International Sales at Yingli Green
Energy Americas. "Thanks to our strong team of professionals across the
region, we are establishing lasting partnerships with pioneering companies
to help drive the expansion of solar PV across Latin America."
Led by Brazil, Chile, and Mexico, the Latin American region is expected to
install over 700MW of solar panels in 2014, according to GTM Research.
Industry analysts also predict that solar demand in the region will exceed
one gigawatt in 2015 and achieve a 50% annual growth rate for the next
several years.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in