Yingli Green Energy adds to polysilicon and ingot capacity

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Yingli Green Energy has made further polysilicon
supply procurements and furnace purchases in its bid to double
production in 2008 from 200MW to 400MW in polysilicon ingots, wafers,
PV cells and PV modules. A new polysilicon supply agreement with an
unidentified supplier adds 40MW of PV modules over the life of three
separate contracts, according to the company. Yingli currently expects
the delivery of the polysilicon under the contracts to be completed by
the end of the first quarter of 2008.

 

“We are delighted to have entered into these
contracts which we expect will further strengthen our polysilicon
supply for the near future,” said Mr. Liansheng Miao, Chairman and
Chief Executive Officer of Yingli Green Energy. “Actively seeking to
further establish and strengthen our strategic relationships with our
suppliers has been one of our key strategic initiatives and we will
continue to aggressively pursue this strategic initiative at a time
global polysilicon supply remains tight.”

In a separate move,
Yingli Green Energy has purchased multiple DSS450 furnaces from GT
Solar. This is Yingli’s fourth and largest order of GT Solar’s DSS
furnaces that grow multi-crystalline ingots up to 450kg, which is worth
$56 million, according to GT Solar.

GT Solar President and CEO
Tom Zarrella said: “Their purchase of our new DSS 450 furnace will
provide up to 80 percent more capacity per cycle and within the same
footprint of our prior generation furnace.“

Upon installation and ramp, Yingli said that its installed ingot capacity would reach approximately 600MW in 2009.

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