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Yingli subsidiary enters three-year credit agreement with ADM Capital

Yingli Energy (China) Company has decided to enter into a credit agreement that will allow the company to draw upon up to US$80 million from Asia Debt Management Hong Kong Limited (ADM Capital), the lender. The three-year agreement is intended to provide funding for the company’s business expansion, and brings with it the stipulation that ADM Capital may require Yingli China to prepay the loan in part or in full if Yingli Green Energy fails to meet certain targets and conditions.

"This loan facility will provide us with valuable support in these times of continued turmoil in the global financial markets and is expected to further strengthen our ability to complete our expansion plan as scheduled," remarked Mr. Zongwei Li, CFO, Yingli Green Energy. "We believe this new financing demonstrates ADM Capital's confidence in our leading position in the industry and the growth potential of our fully integrated business model."

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Photovoltaics International 16th Edition

This sixteenth edition of Photovoltaics International marks four years of production of the quarterly journal. As always, our focus is on efficiency and quality improvement and cost reduction in manufacturing. As 2012 rolls along, companies are falling by the wayside due to supply and demand issues, ASP declines and drastic governmental subsidy cuts. A clear picture of 2012 is offered through papers from the likes of TÜV Rheinland, Fraunhofer ISE, SEMI PV Group and EPIA, amongst others.
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Yingli subsidiary enters three-year credit agreement with ADM Capital

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