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Yingli Green Energy has achieved its 2008 target of 400MW capacity in polysilicon ingots, wafers, PV cells and PV modules ahead of schedule. Previously, Yingli expected to reach the new production milestone by the end of the year. The integrated PV manufacturer also reiterated that it plans to increase production to 600MW by mid-2009.

"We are pleased to achieve another significant milestone in the history of our company's growth," said Mr. Liansheng Miao. "As a result of solid relationships with equipment suppliers and a concerted effort by our entire team, we are pleased to have reached 400MW of annual manufacturing capacity ahead of schedule. In addition, I am also delighted to confirm that our plan to construct an additional 200MW of annual manufacturing capacity is on track to be completed by mid-2009. Furthermore, we have now contracted substantially all of our estimated PV module output for the remainder of 2008 and have secured more than 90 percent of our estimated polysilicon requirements for 2008."

The company also announced a new sales contract with S.A.G. Solarstrom AG, which will see the European PV installer purchase 36.8MW of PV modules from Yingli starting in December, 2008 through to the end of December, 2009.