Yingli Green Energy Holding mentioned it would provide a total of 110 megawatts (MW) of photovoltaic modules to a unit of China Energy Investment Corp , as it looks to tap in to the rapid growth within the Asian marketplace amid a slowdown in the big hubs of Europe.

China’s solar power demand will likely rise to 3-4 gigawatts (GW) in 2012, from not less than 1 GW this year, because the nation aims to turn out to be among the world’s key markets for solar, the head of China’s LDK Solar Co had told Reuters in May perhaps.The modules, expected to be delivered from June-August, will be made use of for ground-mounted solar panels projects constructed by China Energy unit Huanghe Hydropower, Yingli mentioned inside a statement.

Yingli shares have lost 13 % of their worth this year, and had closed at $8.58 on Wednesday on the New York Stock Exchange. (Reporting by Krishna N Das in Bangalore; Editing by Viraj Nair)