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Overview of Chinese PV Giants
Special> Chinese Solar Panels Face Forward> Background> Overview of Chinese PV Giants
UPDATED: August 7, 2013 NO. 40 OCTOBER 4, 2012
Yingli Green Energy

Headquartered in Baoding, Hebei Province, Yingli Green Energy Holding Co. Ltd., which markets its products under the brand Yingli Solar, topped the list for solar panel sales across the world in the first nine months of 2012. It entered the solar industry in 1998 and began to experience rapid expansion since then. In 2007, the New York Stock Exchange listed the PV giant under the code "YGE."

Currently, it maintains a balanced vertically integrated production capacity of 1,700 megawatts per year, with its manufacturing covering the entire PV value chain, from the production of polycrystalline silicon to solar cell production and module assembly.

Yingli accounts for 10 percent of the global solar panel market and every year 70 percent of its products head to the EU. Since the United States and the EU always set retroactive dates in anti-dumping cases, Yingli is predicted to witness a gradual shrinking of its share in the EU even though a verdict is not scheduled until June 2013.

To alleviate the adverse effects of the U.S. and the EU anti-dumping actions on its long-term development, Yingli has drafted the "334" strategy: 30 percent of its products will be employed in the installations of solar power generation stations, 30 percent will be fixed on the roof and 40 percent will be used to establish independent solar power generation systems.

(Source: Yingli Green Energy Holding Co. Ltd.)

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