Yingli Green Energy aims for 30-35 pct share of global PV market by 2012
Wednesday, July 07, 2021 10:15 AM

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BEIJING, Jul. 7, 2010 (Xinhua News Agency) -- Miao Liansheng, chairman of Yingli Green Energy (NYSE:YGE) (YGE. NYSE), a leading solar energy company in China, said that the company aims to have a 30 to 35 percent share of the global photovoltaic (PV) market by 2012.

The solar energy company currently has about 12 percent of the world's PV market.

Yingli Green Energy, which has developed into one of the world's largest vertically integrated PV manufacturers, entered into the PV industry in 1998, with its business covering the production of silicon materials, solar cells, modules, and PV applications.

The company has taken a giant leap forward in output, sales revenue and profit in recent years. Its solar cell output surged from 5 MW in 2004 to 540 MW in 2009, and is on track for 1 GW in 2010.

In order to lower PV electricity prices, Yingli Green Energy has started an 800 MW capacity-expansion program. It plans to increase its total production capacity to 1,400 MW by the end of 2010, and aims to lower the costs of PV power generation to 1 yuan/kWh.

The company is expected to start operation of the first-phase of its polycrystalline silicon solar cell production base, with annual production capacity of 100 MW, in South China's Hainan province on July 8. It is predicted that the Hainan production base will have a complete PV industrial chain by 2015, covering silicon material production, flywheel energy storage, international logistics, and industrial design. (Edited by Gao Li, gaoli08@xinhua.org)

 

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