BAODING, China — Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, known as "Yingli Solar," today announced that it has supplied 15.5 megawatts (MW) of solar panels to Marina Energy, a PV project developer and engineering, procurement, and construction (EPC) provider that is wholly-owned by South Jersey Industries (NYSE: SJI), a holding company for several New Jersey-based energy and energy services providers.
Marina Energy installed Yingli's highly durable, utility-scale multicrystalline YGE-U Series panels in three ground-mounted solar power plants in New Jersey: Frankford Solar, a 10 MW project located in Branchville; Holland Solar, a 3.5 MW project located in Holland; and Brickyard Solar, a 2 MW project located in Farmingdale.
All three facilities are expected to be fully commercially operational by Q3 of this year. In total, they will generate approximately 17.5 million kilowatt-hours (kWh) of clean solar energy per year, which equals the energy demand of about 2,000 typical New Jersey households. The electricity produced by these projects will offset over 12,000 tons of carbon emissions over the systems' lifetimes, which is equivalent to removing nearly 9,900 cars from the road.
"Marina selected Yingli for these projects because they provided the best availability and product quality. They have proven to be a highly reputable company and we are proud to work with them," commented David Robbins, president of Marina Energy.
"We are pleased to bring clean energy to New Jersey communities in partnership with Marina Energy," commented Robert Petrina, managing director of Yingli Green Energy Americas, Inc. "This project builds on Yingli's deep experience and successful track record in the Garden State, which includes supplying high-profile projects for Rutgers University and the NY JETS, rooftop systems for homeowners, and ground-mounted PV power plants like those we've announced today."
About South Jersey Industries and Marina Energy
South Jersey Industries (NYSE: SJI) is an energy services holding company based in Folsom, New Jersey. SJI operates its business through two primary subsidiaries. South Jersey Gas, one of the nation's fastest growing natural gas utilities, serves more than 366,000 customers in southern New Jersey. SJI's non-regulated businesses, under South Jersey Energy Solutions, promote efficiency, clean technology and renewable energy by developing, owning and operating on-site energy production facilities. Marina Energy, an SJES subsidiary, finances, develops, owns, and operates solar energy projects across New Jersey and beyond. Following success in providing solar energy to a wide variety of customers in its home state, Marina has more recently expanded its market reach to Massachusetts and Vermont. Currently owning and operating over 150 MW of solar sites across its fleet, Marina continues to implement a robust pipeline of projects and has effectively established itself as a major player in the solar market. For more information about SJI and its subsidiaries, including Marina, visit http://www.sjindustries.com.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), known as "Yingli Solar," is one of the world's leading solar panel manufacturers. Yingli Green Energy's manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar panel assembly. Headquartered in Baoding, China, Yingli Green Energy has more than 30 regional subsidiaries and branch offices and has distributed more than 10 GW solar panels to customers worldwide. For more information, please visit www.yinglisolar.com.
SOURCE Yingli Green Energy Holding Company Limited
Web Site: http://www.yinglisolar.com