Yingli Green Energy Announces New 700MW Expansion

Chinese solar company Yingli Green Energy Holding Company Limited (NYSE: YGE), which markets its products under the brand Yingli Solar, announced plans to expand annual manufacturing capacity by an additional 700 megawatts (MW).

Yingli Green Energy plans to build 600 MW of its PANDA mono-crystalline silicon-based manufacturing lines in each of mono-crystalline ingots and wafers, cells and modules at its Baoding headquarters.

In addition, the Company also plans to build 100 MW of multi-crystalline silicon-based manufacturing lines in Haikou, Hainan Province. With the completion of these two new expansion projects, the company’s total capacity will increase to 1.7 gigawatts (GW).

The Company expects these two new expansion projects will start initial production from the middle of 2011.

Currently, Yingli Green Energy maintains a production capacity of over 600 MW per year. Two capacity expansion projects of 300 MW and 100 MW located in Baoding and Hainan, respectively, both started initial production in early July 2010, and are expected to bring Yingli Green Energy’s nameplate capacity to 1 GW by the end of 3Q10.

Yingli Green Energy’s in-house polysilicon plant, Fine Silicon, which has a designed annual production capacity of 3,000 metric tons, started commercial operation in early August 2010.

Yingli Green Energy distributes its photovoltaic modules to worldwide markets, including Germany, Spain, Italy, Greece, France, South Korea, China and the United States.

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