April 16 (Bloomberg) -- Yingli Green Energy Holding Co. Ltd., the largest solar-panel maker, and private equity manager Shanghai Sailing Capital Management Co. agreed to form a fund with an initial size of 1 billion yuan ($161 million) to invest primarily in the manufacturer’s projects in China.
Yingli will contribute about 51 percent of total capital through installments, according to a statement today from the Baoding, China-based company. Additional details of the fund weren’t disclosed.
The fund will focus on ground-mounted and rooftop-installed solar-power projects and should help Yingli attain more sources of investment and lower risk, Bryan Li, the company’s executive director and chief strategy officer, said in the statement.
To contact the reporter on this story: Ehren Goossens in New York at email@example.com
To contact the editors responsible for this story: Reed Landberg at firstname.lastname@example.org Ana Monteiro, Tina Davis