yingli

It was a long time coming but on Monday evening, Yingli released its annual report. Financials had been released separately at the tail end of last week offering some insight to the company’s fortunes as it looks to navigate an extremely tricky cashflow situation.

Despite being technically bankrupt, Yingli Green as a NYSE listed company has been in stealth mode over its future viability since reporting third quarter 2015 results at the beginning of December last year.

China’s banking regulator has asked the country’s development bank to pay out loans to indebted solar manufacturer Yingli Solar.

Yingli Solar has settled its anti-trust lawsuit with Solyndra for US$7.5 million with the possibility of further payments, dependent on its US shipment levels.

Yingli Solar will avoid the ignominy of a de-listing from the New York stock exchange following the announcement of a ten-to-one reverse stock split.

Yingli Green's European subsidiary and Poland-based renewable energy firm R Power are expanding their joint project development programme in Poland from 30MW to 60MW.

Trina Solar this week announced a US$45 million settlement in an ongoing lawsuit with Solyndra, but a hearing with Yingli in the same case could yield the bigger story, writes John Parnell.