Oct 21, 2014

Yingli Solar Breaks 2 GW Milestone in the Americas

Latin America
2 min
Yingli Solar, the world’s largest panel manufacturer, is now the first international company to reach the 2 GW of solar panels delivered milest...

Yingli Solar, the world’s largest panel manufacturer, is now the first international company to reach the 2 GW of solar panels delivered milestone in the Americas. There are now 6,000,000 Yingli Solar panels operating across the region, generating electricity for more than 85,000 solar projects.

"We're honored to reach this historic milestone, and thank our customers and stakeholders for making this possible," Robert Petrina, Managing Director of Yingli Green Energy Americas, said. "The investments that we've made in building highly capable local teams allow Yingli to provide differentiated services to our sophisticated and fast-growing customer base."

The company estimates that more than 80,000 homes and 5,000 businesses and institutions in the Americans are powered by its panels. The most popular model, the YGE 60 Cell Series, is highly versatile and is used for everything from off-grid projects to large-scale solar developments.

Since early 2013, Yingli developed more than 150 MW of solar in Latin America and the Caribbean. This focus on the region has quickly made it a leader.

"The United States remains an important market with strong growth potential, and we are very optimistic about the opportunities that it affords us," Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy, said. "In addition, emerging markets are growing in significance as Latin America's PV industry is catalyzed by reforms enabling the accelerated deployment of solar. With a network of five regional offices across the Americas and dedicated, experienced local teams, Yingli will continue to provide our local customers with high-quality solar panels and exceptional service."

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Apr 23, 2021

Drax advances biomass strategy with Pinnacle acquisition

Dominic Ellis
2 min
Drax is advancing biomass following Pinnacle acquisition it reported in a trading update

Drax' recently completed acquisition of Pinnacle more than doubles its sustainable biomass production capacity and significantly reduces its cost of production, it reported in a trading update.

The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.

The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).

Drax CEO Will Gardiner said its Q1 performance had been "robust", supported by the sale of Drax Generation Enterprise, which holds four CCGT power stations, to VPI Generation.

This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.

In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.

The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.

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