Yingli Green Energy Holding Co., Ltd. expects its shipments of solar modules to increase by 60% next year stating that the demand for solar panels will more than likely surpass supply even with global economies in upheaval.
Reuters reports that Cherradi Nabih, Yingli’s VP for Manufacturing said at the Clinton Global Initiative Conference, “In a way the crisis has helped the industry. Because of the crisis, there has been big pressure on the price of materials, including polysilicon, which is down about 50 percent this year from last year.”
Yingli is anticipating shipments of solar modules to reach 400MW next year, compared to the 250MW shipped this year. Nabih also commented that the price drop of polysilicon has made Yingli’s production more cost efficient.