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

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

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

October 15, 2024
Independent power producer BNZ has closed a financing deal worth €680 million (US$741million) to fund its ongoing solar portfolio expansion plans in southern Europe.
October 15, 2024
France installed 4GW of solar PV capacity in 2023, a “record” according to the International Energy Agency (IEA).
October 15, 2024
The EU would benefit from policies to develop 'nature-inclusive solar', according to SolarPower Europe and the Nature Conservancy.
Premium
October 15, 2024
Polysilicon prices have remained stable following a slight increase in supply, according to the latest figures.
October 15, 2024
US independent power producer (IPP) BrightNight has secured US$260 million in tax-equity finance from investment banks JP Morgan and Capital One, to aid in the development of a 300MW solar PV power plant in Pinal County, Arizona.
October 15, 2024
The Burdekin Shire Council has permitted construction on a proposed gigawatt-scale multi-staged solar PV development in Queensland, Australia.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 15, 2024
Santiago, Chile
Solar Media Events
October 22, 2024
New York, USA
Solar Media Events
November 12, 2024
San Diego, USA