Yingli Green Energy Holding Company Limited (NYSE: YGE), a vertically integrated photovoltaic (PV) product manufacturer, has started initial and small-scale production of polysilicon ingots, wafers, PV cells and PV modules from its latest 200 megawatt (MW) expansion project in late June 2008.
The company expects to complete installation of the of the expanded capacity in 4Q08 and 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.
Liansheng Miao, Chairman and CEO of Yingli Green Energy, said, "The expansion should further increase our visibility and help us meet our shipment guidance 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."
About Yingli Green Energy
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 an electricity transmission grid or those that operate on a stand-alone basis. With 200 MW of total annual production capacity in 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 limited numbers of large-scale PV companies in the world to have adopted vertical integration as its business model
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.
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