Yingli to Sell 300 Megawatts of Solar Farms in China to United

Yingli Green Energy Holding Co. Ltd. (YGE), the largest solar-panel maker, agreed to sell at least 300 megawatts of utility-scale power plants in China to United Photovoltaics Group Ltd. (686)

Yingli will build and operate the plants and United will assume ownership as they are completed over the next two years, according to a statement today from Baoding, China-based Yingli. Terms weren’t disclosed.

The solar farms will be in provinces including Hebei, Guangxi, Shanxi and Shandong.

Yingli gained 5.7 percent to $4.10 at 10:49 a.m. in New York.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Will Wade, Robin Saponar

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