Yingli sees sales contracts hitting 1GW by year end

Facebook
Twitter
LinkedIn
Reddit
Email

Yingli Green Energy held an investor day on November 3, 2010 with key executive team members discussing the outlook for the company over the next year. Zongwei Li, Yingli’s director and CFO, began the day and highlighted that Yingli had obtained 575MW of purchases under legally binding sales contracts and anticipated the number to rise to 1,000MW by the end of this year. Most of the sales contracts have a required prepayment from the customers, although Li stated that Yingli is forecasting a somewhat flat trend in the average selling price during its fourth quarter, which will develop into a stable level in the first half of 2011, followed by a modest decline in the second half of next year.

Li also commented that shipments during 2011 should see a growth and in developing markets such as southern Europe, the U.S. and China. For 2010’s third quarter, Yingli is presuming a 20% improvement in shipments quarter-over-quarter, which will contributed to its speculated 31% to 32% gross margin for the quarter.  In addition, Li stated that Yingli has over 60% of its projected polysilicon needs for 2011 and hopes to see an additional 70% increase by the end of 2010.

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

Stuart Brannigan, managing director for Yingli Europe observed that due to the modifications and declines of feed-in tariffs in Europe and Germany, Yingli predicts that installations will see a shift to a smaller, individualized system for commercial and residential customers. Furthermore, Robert Petrina, managing director for Yingli America, anticipates closing 2010 with a 10% market share, which should be carried into and improved throughout 2011.

The company also touched base on improving its own technology. Jingfeng Xiong, VP of Technology, stated that Yingli is looking to enhance the conversion efficiency of its monocrystalline cells to 20% by 2012 and 22% by 2015. The expansion is set to fall back on the developments through Yingli’s Panda project, N-type-metal-wrap-through and heterojunction with intrinsic thin-layer cell technology.

Xiong also commented on Yingli’s multi-crystalline cell conversion efficiency with a continued goal to progress to 17.5% in 2011, 18% in 2012 and 20% in 2015.

Finally, Yuehe Zhang, Fine Silicon’s GM, anticipated that the monosilicon-based technology will reach US$30/kg in late 2011 with a strong potential to reach even lower levels in the future. 

Yingli is set to officially announce its official third quarter earnings on November 19.

Read Next

September 15, 2025
Norwegian energy firm Statkraft has agreed to divest a portion of its renewable energy portfolio to Serentica Renewables.
September 15, 2025
UNSW spin-out company Lab360 Solar has been awarded funding from ARENA to bring its drone-based PV inspection technology to market.
Premium
September 15, 2025
The UK government and solar industry have jointly published a long-anticipated roadmap detailing how to maximise the country’s solar potential. Chris Hewett, CEO of Solar Energy UK takes a closer look at the details.
September 15, 2025
Australia has reached 26.8GW of installed rooftop solar at the end of the first half of 2025, according to a report from the Clean Energy Council (CIC).
September 15, 2025
Vikram Solar has secured a contract to supply 200MW of modules to AB Energia, a domestic solar engineering, procurement, and construction (EPC) solutions provider. 
September 12, 2025
Colombian energy supplier Celsia is seeking more than US$1.2 billion in investment to build wind and solar generation projects in Peru. 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
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