Leading PV manufacturer Yingli Solar has received government approval to build solar projects in overseas markets.
Despite being the world’s largest PV supplier for the past two years in a row, the company had previously been restricted to China for developing its own projects.
The company said the ‘Certificate for Contracting Foreign Engineering Projects’ from the Chinese government allowed its subsidiary Yingli China to sign contracts for large-scale PV engineering projects overseas.
It also means Yingli China can dispatch workers internationally in order to fulfil these contracts.
This formal approval will allow the company to build its overseas project pipeline and capitalise on what has been bullishly predicted by analysts to be an explosive year ahead for PV demand.
Liansheng Miao, chairman and chief executive of Yingli Green Energy, said: “This certificate lays a foundation for us to pursue engineering contracts for PV plants in international markets.
“We look forward to bringing our experience in PV engineering to the global market, where our strong brand awareness, high quality solar products, and technical expertise will help drive the industry's downstream growth sustainably.”