Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which holds the brand "Yingli Solar," today announced the initial production of its latest 400 MW capacity expansions. 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.