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Yingli Solar – Good Products and Good Prices – make this a Top Five Solar Panel Manufacturer
Yingli Green Energy Holding Company Limited (NYSE: YGE), holder of the brand Yingli Solar, is a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers. The company is headquartered in Baoding China, has more than 6,000 employees and more than 10 branch offices worldwide. The company develops, manufactures and sells PV modules to a wide range of markets, including Germany, Spain, Italy, Greece, France, South Korea, China and the United States.
Yingli is a vertically integrated manufacturer of crystalline solar panels. The largest portion of its product line are made from polycrystalline solar cells – which have kWp ratings of between 175 and 280 watts. Typically these solar panels have kWp ratings of between 14.2% and 14.4% (+/- 3%) and temperature coefficients of –0.37% (somewhat less than for monocrystalline solar panels. The modules come with a 5 year product warranty and limited performance warranty for 25 years.
The Yingli Solar Panda Module is based on N-type monocrystalline solar cells, which have been developed through Project PANDA and have an average solar efficiency higher than 18.5% (+/- 3%), and a module efficiency around 16.2% according to the published data sheet. Compared to traditional modules based on P-type solar cells, the Yingli Solar Panda Module features lower degradation and better performance under high temperatures or low irradiation conditions, Yingli Solar says. However, the temperature coefficient of –0.45% is typical for solar panels made from monocrystalline solar cells. The company expects to start commercialization of this new generation of modules on its 300 MW monocrystalline silicon-based manufacturing lines at its Baoding, China, headquarters in the third quarter of this year. The modules have earned TUV certificates. These modules are offered with a 5 year product warranty, 90% performance guarantee for the first 10 years and 80% for the next 15 years – covering the performance for the first 25 years of ownership.
As solar panels have become more "commodity items", Yingli's vertical integration means that they manufacture silicon ingots, wafers, cells and modules. This ensures that they can tightly control their material and costs. It also allows them to use state of the art quality control testing – to meet the strict standards for sales to the EU and USA. Combined with large government loans to reach high levels of production efficiency and using low cost Chinese labor costs – Yingli is well placed to compete very effectively by offering a good quality product at good prices, which makes it an excellent choice for large commercial and ground based solar projects.
China – like many countries recognizes the strategic importance of developing a strong solar industry. Not only does it create jobs, bring in foreign currency – it also helps make the country energy independent. As one of China's leading solar panel manufacturers, the China Development Bank extended an eight-year loan of $70 million to Yingli in December 2008 to fund expansion. In 2010 - China agreed to loan Yingli Green Energy Holding Co. 36 billion yuan ($5.3 billion) to expand production, a Bloomberg New Energy Finance analyst said. The funds from the state-run China Development Bank Corp. follow an agreement to lend as much as 50 billion yuan to Suntech Power Holdings Co. in April. Some 30 billion yuan was also loaned to Trina Solar Ltd. by the bank in the same month, according to New Energy Finance. The three New York-traded companies are China’s biggest solar firms by market value. “The loans are enough to increase the world’s solar wafer and cell capacity by 100 percent,” said Jenny Chase, head of solar-energy analysis for New Energy Finance in London. “It will allow the Chinese companies to deliver unprecedented economies of scale.” The money will allow China to strengthen its position as the world’s largest maker of solar panels used to generate electricity from the sun’s rays. Yingli and its Chinese competitors shipped 43 percent of the world’s solar panels last year, according to the London-based research group owned by Bloomberg LP. Yingli will use the funds to finance both domestic development and boost its overseas business, the Baoding-based company said in a statement on its website. The company didn’t provide further details or disclose terms of the loan.
Yingli Green Energy Holding Co. Ltd. says its U.S. subsidiary, Yingli Green Energy Americas Inc., has signed a strategic PV module supply agreement with DC Power Systems through the end of this year. This is one of the largest U.S. agreements for Yingli Green Energy Americas this year, and is also the largest contract between the companies to date, Yingli notes. Yingli Green Energy Americas' solar panels have been sold to the residential market through DC Power and other solar distributors. The company held 27% of the California market in 2009, the largest United States market. This performance contrasts with the 10% share held by Suntech, another Chinese manufacturer, and the 16% position of all American companies combined. Besides low prices another factor that helps the company with its export business is that Yingli was the first Chinese PV company to win ISO8000 - Social Accountability System Certification.
Nov. 27, 2010 – Yingli to Expand Production Capacity by 700 MW Nov 24, 2010 - Yingli Can Sit Out a Price War—and Profit Nov. 19, 2010 – Yingli 3rd Quarter Results – Sales, Margins & Profits – all up Significantly Aug 10, 2010 – Yingli Starts Operation of In-House Polysilicon Facility July 12, 2010 – Yingl Solar's Production Capacity Reaches 1 GW per Year July 10, 2010 - The US Commits $2 Billion to Solar - China Commits $17 Billion Back from this page on Yingli Solar to our lead page on Solar Panels
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