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Update: Yingli, Hebei Construction Build Energy Base
A newly established subsidiary of Hebei Construction & Investment New Energy plans to join the government of Hebei's Laiyuan County in investing in five projects, including photovoltaic and wind power projects, nengyuan.net reported November 6. The wind project will receive investment of RMB 1 billion and begin construction in April 2010, said the report.
Yingli Green Energy (NYSE:YGE) reached an agreement on October 20 with Hebei Construction & Investment Group, the parent of Hebei Construction & Investment New Energy, and the Laiyuan county government to invest a total of RMB 15 billion in a green energy base, including a RMB 1.8 billion in a photovoltaic station with capacity of over 60MW.
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