Yingli Green Energy retains 550MW-600MW module shipment forecast for ‘09

Facebook
Twitter
LinkedIn
Reddit
Email

Yingli Green Energy has not altered its 2009 module shipment guidance, despite the global economic downturn and module oversupply in the solar industry. Yingli Green expects module shipments to be between 550MW-600MW in 2009. This represents an increase of 96.1% to 113.9% compared to fiscal year 2008.

However, the company said that gross margins would decline from 24% to between 22% and 24%, as a refelction of the oversupply and falling module ASPs.  Yingli Green has one of the lowest cost-per-watt manufacturing business models due to its fully integrated position, which is expected to help the company limit ASP declines and remain competitive in module sales as it aggressively adds to its sales and distribution channels.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

”To strengthen our market presence and enhance our comprehensive customer service, we have established offices and subsidiaries in key markets including Germany, Spain, Italy and the United States,” commented Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. “In addition, Yingli Green Energy entered into a long-term strategic cooperation with TUV Rheinland (Shanghai) Co., Ltd. Under the strategic partnership, TUV Rheinland will conduct periodic factory inspections to review production, testing and calibration procedures and assist Yingli Green Energy in certification planning and execution to support new product introductions, which will provide our customers with an additional level of quality assurance,” Miao said.

Yingli Green reported full 2008 revenues of US$1,107.1 million, an 86.1% increase over 2007. PV module shipments increased to 281.5MW in 2008, compared with 142.5MW in 2007.

The average selling price for PV modules in 2008 was US$3.88 per watt, slightly higher than US$3.86 per watt in 2007, the company reported.

Read Next

September 17, 2025
US renewables developer Longroad Energy has reached financial close for its 400MW 1000 Mile solar project in the US state of Texas.
September 17, 2025
Spanish renewables developer and operator Acciona Energía has commissioned its 412MWp Juna solar PV plant in Kawani village in the western state of Rajasthan. 
September 17, 2025
Spanish IPP Velto Renewables has acquired a portfolio of 53 operational solar assets in Spain with a combined capacity of 260MW.
September 17, 2025
Struggling Swiss solar manufacturer Meyer Burger has formally entered into a debt moratorium, with the possibility of rescuing the entire group now looking unlikely.
September 17, 2025
Nexamp has secured US$350 million through a long-term financing facility to expand its 6GW utility-scale solar and battery storage pipeline in the US. 
September 17, 2025
Chinese module producer DAS Solar is planning a 5GW manufacturing facility focused on producing high-efficiency back contact cells.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA