Monday, December 17, 2007

Yiling Group Building 400MW Solar Cell Plant

Monday, December 17, 2007;

BAODING, Dec 17, 2007 (SinoCast via COMTEX) -- China's leading photovoltaic product manufacturer Yingli Group kicked off the construction of 400MW-polysilicon cell plant, which is built by its two arms Yiling Green Energy Holding Co., Ltd. and Yiling Energy (China).

The new project, involves total investment of CNY 2.8 billion, will enable Yingli Group to have the world's most advanced solar cell production line. After it completes construction in March 2009, the project is estimated to generate production value of CNY 10.08 billion, and profits of CNY 4.03 billion.

Notably, New York-listed Yingli Green Energy has finished the three phases of construction by June 2007 and now has annual production capacity of polysilicon ingots, wafers, PV cells and PV modules of 200MW each.

Headed in Baoding, Hebei Province in Northern China, Yingli Group is a fast-growing group extending reaches into various fields. Given the solar photovoltaic sector is an emerging industry around the world, the group has spent huge money and effort building up a complete industrial chain to be a front-runner in China.

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