Yingli Green to Deliver Solar PV Modules to Honduran Farm - Analyst Blog

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Yingli Green Energy Holding Co. Ltd. ( YGE ) has announced that it will provide more than 24 megawatts (MW) of solar photovoltaic (PV) modules for the Pavana Solar Park in Honduras. The company will offer around 80,000 large-format YGE 72 Cell Series modules between Oct and Nov 2014. The interconnection will likely occur during the first quarter of 2015.

Choluteca, Honduras-based Pavana Solar Park is the largest solar power plant to break ground and the first utility-scale solar project in the country. The project's estimated annual power generation capacity is around 40,000 Kilowatt-hour (KwH), tantamount to the yearly power utilization of roughly 61,000 Honduran people.

The owner of the Pavana Solar Park is a Honduran energy company called Energia Basica S.A. A U.S.-based solar integrator, Sybac Solar, will act as the engineering, procurement and construction service provider.

The latest solar project will fulfill Honduras' goal to meet 60% of domestic electricity demand from renewable sources by 2020 and lessen the reliance on fossil fuels. In addition, the project will generate jobs for local people.

Besides strengthening operations in China, Yingli Green Energy is currently exploring emerging solar opportunities in the Central as well as Latin American markets, primarily in Brazil and Chile, as well as expanding operations in the U.K. and Japan. These initiatives will allow the company to expand its revenue streams.

Despite having a strong order book, Yingli Green Energy had reported losses in last several quarters. In the second quarter of 2014, higher operating and interest expenses negatively impacted the company's quarterly results. If Yingli Green Energy fails to control its increasing expense burden, it will continue to eat into the company's margins.

Yingli Green Energy currently holds a Zacks Rank #4 (Sell). Some better-ranked stocks in the same sector worth considering include Canadian Solar Inc. ( CSIQ ), ReneSola Ltd. ( SOL ) and Enphase Energy, Inc. ( ENPH ). Canadian Solar and ReneSola carry a Zacks Rank #1 (Strong Buy) while Enphase Energy holds a Zacks Rank #2 (Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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