Yingli sets supply deal for French plant
The deal with Maessa Telecomunicaciones Ingenieria Maetel calls for Yingli to ship the modules from October through the end of April 2011. Financial details were not disclosed.
Solar companies are hoping that growing demand from France, Italy, the Czech Republic and other European companies will help offset a likely drop in sales to Germany, the world's largest market, which is set to pare back its supports for the industry in the coming months.
The plant to be built in Curbans, France will be owned by GDF Suez Group and is expected to produce 43.5 million kilowatt hours of renewable energy each year, equivalent to the annual electricity consumption of 14,500 households.
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Electricity Prices Surge to Record as Europe Struggles to Keep Lights on
LONDON - Electricity prices surged to a fresh record as France scrambled to keep its lights on, sucking up supplies from the rest of Europe.
France, usually an exporter of power, is boosting electricity imports and even burning fuel oil. The crunch comes after Electricite de France SA said it would halt four reactors accounting for 10% of the nation’s nuclear capacity, straining power grids already facing cold weather. Six oil-fired units were turned on in France on Tuesday morning, according to a filing with Entsoe.
“It’s illustrating how severe it is when they’re actually starting to burn fuel oil and importing…
