Yingli, Sailing Form $161 Million China Solar FundEhren Goossens
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.