The new solar PV manufacturing lines include a 300-MW PANDA monocrystalline silicon based production capacity at the Company's Baoding headquarters, and a 100-MW multicrystalline silicon based production capacity in Haikou, Hainan Province.
"We are excited about the initial production of our newly added 400 MW manufacturing lines. These significant milestones were achieved within one year, demonstrating our accumulated expertise in capacity expansion," commented Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. "We expect these latest production lines to reach full capacity by the end of this quarter, which will bring our total nameplate capacity to 1 GW. Our success can be attributed to the strong demand for our high performance products, especially our recently introduced Yingli Solar Panda Module(TM). The expected output of these new lines this year has been fully booked by our customers. We believe our expanded product portfolio and increased capacity will further solidify our industry leadership worldwide."
"Given the higher cell efficiency of the Yingli Solar Panda Module(TM), we expect to help our customers further reduce their balance-of-system cost. We also plan to continue to invest in high efficiency cell research and development in order to deliver the best technology and products possible to all of our customers with a focus on the reduction of the total cost of KW hour generation," Mr. Miao concluded.
Yingli Green Energy Holding Company Limited, which holds the brand "Yingli Solar", is a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers. Yingli Green Energy's manufacturing covers the entire photovoltaic value chain, from the production of polysilicon through ingot casting and wafering, to solar cell production and module assembly. Currently, Yingli Green Energy maintains a balanced production capacity of over 600 MW per year.
Two capacity expansion projects of 300 MW and 100 MW are under construction in Baoding and Hainan, respectively, and are expected to bring Yingli Green Energy's total capacity to 1 GW by the end of third quarter 2010. In addition, Yingli Green Energy's in-house polysilicon plant, Fine Silicon, which has a designed annual production capacity of 3,000 metric tons, is at the final stage of the segment trial process, and is expected to start fully integrated production from mid-2010.
Yingli Green Energy distributes its photovoltaic modules to a wide range of markets, including Germany, Spain, Italy, Greece, France, South Korea, China and the United States. Headquartered in Baoding, China, Yingli Green Energy has more than 7,000 employees and more than 10 subsidiaries and branch offices worldwide.
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