Yingli Green Energy Holding Company Limited, the vertically integrated photovoltaic ("PV") module manufacturer in the world, known as "Yingli Solar", announced on December 16th that its wholly-owned subsidiary, Yingli Energy (China) Company Limited, together with Sinohydro Corporation Limited and Hydrochina Corporation, formed a three-party Consortium to win 233 megawatts of PV projects in Algeria. The projects will be developed by Shariket el Kahraba wa el Taket el Moutadiadida (SKTM), a wholly-owned subsidiary of Sonelgaz (National Society for Electricity and Gas), which is in charge of electricity and natural gas distribution in Algeria.

Sinohydro Corporation Limited is a subsidiary of Sinohydro Group Ltd, a global enterprise headquartered in China that runs diversified businesses from water conservancy and hydropower construction to project financing, design, implementation and operation. Hydrochina is the only large enterprise to provide comprehensive technical services in hydropower, water resources, and wind power development in China.

In October 2013, Yingli China formed the three-party Consortium to participate in the bidding of SKTM's Algerian PV projects, which consist of four separate installations, totaling 318 MWs. The Consortium received the winning bid notice this month for 233 MW in total. The Consortium will take responsibility for the design and construction of the projects. Project construction will begin in January, 2014, and is expected to be completed within 8 months.