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Yingli Green Energy to help bolster domestic solar energy in China
Yingli Green Energy, one of the leading solar energy companies in China, has announced that it will be participating in the country’s Gold Sun Program. The program aims to promote standards for China’s emerging solar energy market. The project itself will establish a strong solar energy system in the country, which will be used as a foundation for the establishment of governing standards for the use of solar technologies, such as photovoltaic panels and energy storage systems. Yingly Green Energy will be providing the project with solar panels that will help the program take form.
China becoming a powerful force in the solar energy sector
China is quickly becoming a major player in the global energy market. The country has long had a strong dependence on fossil-fuels, but a growing economy and population is pushing the Central Government to look for alternatives that are less damaging to the environment. Solar energy has won a great deal of support from the government, largely because of its economic prospects. Generating energy domestically will reduce the country’s need to obtain power from foreign sources, thus reducing the amount of money it spends on imports.
Company to provide 288 megawatts of solar panels
Yingli Green Energy will provide some 288 megawatts worth of solar panels to the Gold Sun Program. The company notes that it is heavily committed to helping develop the solar energy market in China, believing that the country will see major benefits through the use of renewable power. Government officials suggest that the company’s participating in the Gold Sun Program will help accelerate the completion of the project. When the project is fully completed, it is expected to have a total capacity of 2.8 gigawatts.
China continues to spark concerns in Europe and elsewhere
Though China has a keen interest to bolster domestic solar energy production, the country has also been working to establish a foothold in the global solar market. Yingli Green Energy, as well as other energy companies, have been producing solar panels at a rapid pace and introducing them to European and American markets. The pace at which these products are coming to these markets have sparked concerns that China is attempting to push other companies out of the market by making it impossible for them to generate profit. These concerns have sparked trade disputes between China and several European countries.
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