Yingli Green Energy Holding Company Limited has started initial small-scale production of polysilicon ingots, wafers, PV cells and PV modules of its latest 200 MW expansion project.
The Company expects to complete installation of the 200MW of expanded capacity in the fourth quarter of 2008 and that the full production volume will come online in late 2008. Once completed, the company's total production capacity of polysilicon ingots and wafers, PV cells and PV modules will be 400 MW.
"Given our accumulated experience over the past few years in expanding capacity, we believe that we will complete this project on time in the fourth quarter of this year," commented Liansheng Miao, chairman and CEO of Yingli Green Energy. "The expansion should further increase our visibility and help us meet our shipment schedules for 2008 and beyond. In addition, these new production lines feature the latest equipment, including GT Solar's DSS 450 furnaces which have the capacity to produce 400kg ingots, and greater automation across the whole value chain. We believe this will help us better control both our operations and overall product quality as we continue our fast development in this exciting market."
Yingli Green Energy Holding Company Limited is one of the world's largest vertically integrated PV product manufacturers. Through the Company's principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co., Ltd., Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to electricity transmission grids or operate on a stand-alone basis. With 200 MW of total annual production capacity for each of polysilicon ingots and wafers, PV cells and PV modules, Yingli Green Energy is currently one of the largest manufacturers of PV products in the world as measured by annual production capacity.
Additionally, Yingli Green Energy is one of the few large-scale PV companies in the world to have adopted a vertically integrated business model. Yingli Green Energy currently plans to expand annual production capacity of polysilicon ingots and wafers, PV cells and PV modules to 400 MW by the end of 2008 and to 600 MW by mid-2009. Yingli Green Energy sells PV modules under its own brand name, Yingli Solar, to PV system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, China and the United States.