Increased Demand to Grow Yingli’s Solar Business by 400% $YGE – September 16, 2010
Yingli Green Energy Holding Company, one of the world’s largest photovoltaic solar cell manufacturers, has announced it will increase its production capacity by four times as a result of intensified demand.
A Chinese manufacturer, Yingli exports 90% of its solar modules overseas to Europe and the United States. Last year Yingli owned 10% of the German solar cell market.
Growing demand has pushed 2011 orders for Yingli PV solar panels to4-gigawatts. Currently, the company has a manufacturing capacity of1-gigawatt. The company will bring a new 100-megawatt manufacturing plant online in May 2010. It also plans to meet the increased demand by employing sub-contractors.
Yingli has also announced it will increase the prices of its solarmodules between 3% and 5% in order to mitigate the financial losses caused as a result of the struggling currency of its largest market, Europe. The Euro has dropped 15% against the U.S. dollar in 2010.
Read the full story at People’s Daily Online: Yingli scales up its output